Vietnam ranks second globally in terms of savings: survey
Up to 70 percent of Vietnamese consumers put their spare cash into savings, ranking second globally, according to the Global Consumer Confidence Survey recently issued by Nielsen and The Conference Board.
Consumers at the Co.opXtra Van Hanh supermarket in Ho Chi Minh City (Photo: VNA)
Hanoi (VNA) – Up to 70 percent of Vietnamese consumers put their sparecash into savings, ranking second globally, according to the Global ConsumerConfidence Survey recently issued by Nielsen and The Conference Board.
The survey for the second quarter of 2018 saidSoutheast Asian consumers are leading the way when it comes to their savingintentions.
Filipinos are the world’s most avid savers (71percent) while Singaporeans (69 percent) and Indonesians (66 percent) rankthird and fourth. The global average in this regard is 53 percent, up 1 percentfrom Q1.
However, after covering essential livingexpenses, Vietnamese consumers were eager to spend on big-ticket items as theywish to lead a better life, the report said, noting nearly half of consumerswere willing to spend on holidays (49 percent).
Additionally, 46 percent of Vietnamese consumerswould like to spend their spare cash on new clothes and new technologyproducts, 43 percent wanted to divert any spare cash towards out-of-homeentertainment activities and 38 percent wanted to spend on home improvements.
Spending on medical insurance premiums keepsincreasing with this intention gaining 3 points from the previous quarter toreach 41 percent.
The survey also indicated that Vietnameseconsumer confidence remained stable in Q2, with an index score of 120percentage points, compared to the global index of 104 percentage points. Itdropped a spot to the fifth most confident country in the world.
Vietnamese continued to rank job security andhealth as their top two key concerns. Other key areas of concern wereincreasing utility bills, parents’ welfare and happiness and children’seducation and/or welfare.
They also continued to feel upbeat on theirpersonal state of finance with 76 percent perceiving their state of personalfinances would be either good or excellent in the next 12 months. However,nearly half of respondents stated it is not a good time to buy.–VNA
Vietnam ranked the fourth most optimistic country globally with a rise of 9 points on the Consumer Confidence Index in the first quarter of 2018 compared to the last quarter of 2017, thanks to increased positivity about local job prospects and the state of personal finances.
Mollis organic towels of PhongPhu Corporation have received “very good response” in the market after being launched last year, a sign that premium products are becoming more popular in Vietnam.
Vietnamese customers’ rapidly changing needs and expectations and lower spending on fast moving consumer goods (FMCG) are the biggest challenges to the sector, according to a new report released by consumer and retail research company Kantar Worldpanel.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Consumers at the Co.opXtra Van Hanh supermarket in Ho Chi Minh City (Photo: VNA) 
