October consumer confidence improves as optimism jumps
The ANZ-Roy Morgan Vietnam Consumer Confidence Index gained 5.8 points to 141.1 in October, rising well above the long-term average of 135.9.
ANZ Bank said in a report last week that the index is also 6.4 points higher than it was a year ago, and the latest improvement stems from increased optimism about personal finances as well as future economic conditions in Vietnam.
Thirty-four per cent (up five percentage points month-on-month) of Vietnamese respondents said their families are "better off" financially than the same time last year, while a record low 16% (down six percentage points) chose "worse off".
Fifty-seven (up two percentage points) expect their families to be "better off" financially this time next year, while only 4% (down two per centage points) expect to be "worse off", the lowest ever recorded for the indicator since the survey started in mid-2014.
Fifty-seven percent (up seven percentage points) expect the country to experience "good times" financially during the next 12 months, but 10% (down two percentage points) expect "bad times". percentage point to 11%, the lowest level since February 2015.