Vietnam ranks third in Asian Consumer Confidence
Vietnam ranks third in Asian Consumer Confidence, after India and China,
according to the latest MasterCard Worldwide Index for Consumer
Confidence.
Consumers in the region remain most optimistic in the markets of India (82.1 Index points), mainland China (77.4), Vietnam (77.2) and Thailand (75.8), while the least optimistic markets are Japan (23.6), Taiwan (25.7) and Australia (39.2).
Hong Kong, which dropped 38.7 points in the last Index, improved by 21.9 points to lead the region, followed closely by the Republic of Korea (up 21.4 points), Malaysia (up 17.1 points) and New Zealand (up 15.3 points).
Indonesia recorded the single largest fall in consumer confidence (down 18.7 points) followed by the Philippines (down 11.8 points). Consumer confidence in the economy plummeted in Indonesia (from 74.9 to 33.3 points), with employment also falling from 70.6 to 40.8 points.
Overall, nine out of 14 Asia/Pacific markets polled recorded positive improvements when compared to the second half of 2011, with a regional rise from 52.1 points in the second half of 2011 to 57.2 points in the first half of 2012. The index is based on a survey conducted between April 24, 2012 and June 10, 2012 on 11,376 respondents aged 18-64 in 25 countries within the Asia/Pacific, Middle East and Africa. This is the 39th survey of consumer confidence conducted since 1993.
Dr. Yuwa Hedrick-Wong, global economic advisor at MasterCard Worldwide, said Vietnam has been a major beneficiary of low-end manufacturing relocating from China in the recent past.
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Hong Kong, which dropped 38.7 points in the last Index, improved by 21.9 points to lead the region, followed closely by the Republic of Korea (up 21.4 points), Malaysia (up 17.1 points) and New Zealand (up 15.3 points).
Indonesia recorded the single largest fall in consumer confidence (down 18.7 points) followed by the Philippines (down 11.8 points). Consumer confidence in the economy plummeted in Indonesia (from 74.9 to 33.3 points), with employment also falling from 70.6 to 40.8 points.
Overall, nine out of 14 Asia/Pacific markets polled recorded positive improvements when compared to the second half of 2011, with a regional rise from 52.1 points in the second half of 2011 to 57.2 points in the first half of 2012. The index is based on a survey conducted between April 24, 2012 and June 10, 2012 on 11,376 respondents aged 18-64 in 25 countries within the Asia/Pacific, Middle East and Africa. This is the 39th survey of consumer confidence conducted since 1993.
Dr. Yuwa Hedrick-Wong, global economic advisor at MasterCard Worldwide, said Vietnam has been a major beneficiary of low-end manufacturing relocating from China in the recent past.
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