“ANZ-Roy Morgan Vietnamese Consumer Confidence is clearly echoing an economic recovery that is both broadening and strengthening.
"The rise in Vietnamese consumer confidence to a new record high was importantly driven by strong improvements in the forward-looking assessments of personal finances and the economy more generally. Of the surveyed respondents, 61% (up 5ppts) now believe that their families will be better off financially one year from now. This is the highest level ever recorded for this question. Further, two-thirds of respondents now believe that Vietnam will enjoy good-times economically over the next five years, while those who believe Vietnam will experience bad times (11%) has fallen to an equal record low.
"For some time, the Vietnamese recovery has been dichotomous, characterised by an out-performing external sector and an under-performing domestic and household sector. Our consumer confidence index is clearly pointing to that dichotomy starting to yield to a more even and balanced economic performance.
"With ANZ-Roy Morgan Vietnam Consumer Confidence at a record high, we too find our confidence on the Vietnamese economic outlook rising. Vietnam continues to emerge as an ASEAN economic out-performer in 2015-16.”