Saigoneer

BackStories » Vietnam » Vietnamese Are Most Economical in Southeast Asia: Nielsen

Vietnamese Are Most Economical in Southeast Asia: Nielsen

According to a recent Nielsen consumer confidence survey, Vietnamese are the most economical in SE Asia, reported Vietnam Net. If you have Vietnamese family, this probably doesn't come as a surprise.

74% of Vietnamese surveyed said that they were able to save money each month after paying living expenses. Indonesia is ranked second (72%), followed by the Philippines (68%), Thailand (66%), Singapore (64%) and Malaysia (63%). Each of these countries ranked in the Top-10 internationally.

In addition, 90% of Vietnamese said they change their shopping habits in order to save money.

The report also revealed that Vietnam’s consumer confidence index (CCI) hit 98 points in the fourth quarter of 2013, “the highest in two years and over 10 points compared with the same period of the previous year.” Vietnam’s CCI peaked in 2010 at 119 and currently lags behind Indonesia (124), the Philippines (114) and Thailand (109).

But just because people are saving money doesn't mean they are in a good financial situation: “55% said they felt their finances were in a good or very good situation. This rate is 54% in Singapore, Malaysia 56%, Thailand 69%, the Philippines 76% and Indonesia 84%."

Perhaps the saving bug is contagious. Only when I moved to Vietnam did I start to put money away at a consistent rate. Those old 12% interest rates may have helped too.

 

[Vietnam Net // image via 401k]

Related Articles

in Vietnam

$14 Million Approved For Restoration Of Hanoi’s 112-Year-Old Long Biên Bridge

The fate of one of Vietnam’s most beloved and storied structures took another positive turn last week when the government approved a $14 million restoration package for Long Biên Bridge.

in Vietnam

10 Beautiful Photos of Sapa's Majestic Snow

Last weekend's snowstorm in Sapa drew photographers from all over northern Vietnam who jumped at the opportunity to capture some great photos of the town's snow-covered hills, roads and residents.&nbs...

in Vietnam

104-Year-Old Great-Great Grandmother Fights Off Robber

Taking advantage of the elderly will inevitably result in some bad karma, a lesson a Dong Nai man quickly learned after attempting to rob Vo Thi Bai, a 104-year-old woman.

in Vietnam

116-Year-Old Recognized As Vietnam's Oldest Man

The Vietnam Record Organization (VRO) has recognized 116-tear-old Y'N Dong of Đắk Nông Province as the country’s oldest man, reports Vietnam Net.

in Vietnam

12 Dead, 41 Injured After Illegal Bus Falls Into Gorge Near Sapa

12 people have been reported killed and 41 injured in a bus accident in the hills of Northern Vietnam’s Lao Cai province, reports VN Express.

in Vietnam

16 Dead In Hanoi Helicopter Crash

According to VNExpress, early this morning, a helicopter crashed in Village 11, Thạch Hoà, Thạch Thất District, Hanoi, injuring many people.

Partner Content