MasterCard: Vietnamese Consumers Still Upbeat About H2 Outlook

Vietnamese consumers are still optimistic about the country’s economic outlook in the second half of 2009 despite a drop in consumer confidence, MasterCard’s latest survey on consumer confidence shows.

The MasterCard Worldwide Index of Consumer Confidence (MWICC) rated consumer confidence in Vietnam in the first half of the year at 60.9 points, compared to 88.1 points of the last second half, MasterCard said.

 

Despite the sharp decline, Vietnamese consumers generally manage to stay slightly optimistic, it noted.

Vietnamese consumers are still fairly optimistic about regular income (72.9 points), quality of life (70.2 points) and economy (67.2 points), it added.

However, Vietnamese consumers, for the first time since the country was included in the MWICC survey in 2003, have become less optimistic about employment (50.0 points) and even slightly pessimistic about stock market (44.3 points).

MasterCard conducted its survey between March 23 and April 18 in 14 markets in the Asia-Pacific and seven others in the Middle-east and Africa.

 

It measures consumer confidence based on five factors: employment, the economy, the stock market, regularity of income and quality of life, for the six months ahead. (VNA)