ASIA'S manufacturers remained under pressure in December as activity continued to contract under the weight of slowing global demand. Unless you lived in China in the 1980s, you will never have experienced the speed of change Vietnam is experiencing in 2022. Bach Hoa Xuan accounted for 61% of all new modern trade store growth. Consumer Price Index CPI in Vietnam averaged 60.34 points from 1995 until 2022, reaching an all time high of 109.95 points in December of 2022 and a record low of 23.16 points in January of 1995. Cimigos market research team in Vietnam and Indonesia love to help you make better choices. Familys financial conditions for the next twelve months. Methodology. The country stands as the fifth most optimistic country with an index score of 117, up five places from last quarter of 2016 and its highest score in the last five years. . At all times, I found Cimigo to be swiftin response and providing high quality insights and business recommendations applicable to our business. With CTT's extensive knowledge of regulatory products and supply chain management, you can sell your products anywhere with . Thank you Cimigo team for supporting us. indicators that can reinforce signals of the Composit Leading Indicators (CLIs), since these indicators tend to have shorter but more stable. The Cimigo team are local market experts who understand consumer culture like no other. From tough questions to aha answers in just a few easy conversations! US$1.31 billion was spent on advertising. to incorporate the statistic into your presentation at any time. Pharmacity started a Brand Health Check with Cimigo in 2020 and we were immediately impressed with their great consultancy and supportive spirit. . Impacts of Business Confidence and Consumer Confidence on VN-Index. In December, the Consumer Confidence Index took a positive turn after two months of declines. For example, suppose consumers are spending more and saving less; it reflects their . Vietnam's consumer confidence trend is down since the current value of 117.0 is lower than the 12 month moving average of 122.917. and the 12 month moving average slope is up. Much of their news and most of their interactions are coming from Facebook, Youtube and Zalo (VNG). After hitting a high at 3.20% on May 9, U.S. 10-year treasury note yield has retraced 40bps lower to 2.80% in response to the prospect of slower U.S. growth. December 26, 2022. Much of the growth has been in smaller towns in the provinces, unlike many competitors where expansion is limited to cities only. This records an increase from the previous number of 46.100 Point for Oct 2022. This chart below shows retail sales of goods and services in Vietnam, it is an index of monthly levels based on September 2019, way before the Covid . We have worked with Cimigo over 2 projects in Vietnam. Vietnam Consumer Confidence Index, Q1/2018 - Q4/2020; Foreign direct investment capital and manufacturing industry, 2019 - Q1/2021; Vietnam's textile industry production index, Q1/2019 - Q1/2021; USD Price Index, Q1/2019 - Q1/2021; Movement of interbank interest rates, 2019 - Q1/2021; World crude steel production 2015 - 2M/2021 . Rising nine points compared to the fourth quarter of last year on the back of increased positivity about local job prospects and the state of personal finances, Vit Nam's consumer confidence index reached its highest level in the last decade. Consumer Price Index CPI in Vietnam increased to 109.95 points in December of 2022 from 109.87 in November of 2022. A huge decline in new apartment sales occurred in 2021, the result of limited available supply as well as financial pressure from Covid on the economy. From their advice and style of how we should present the stimulus material, to their cross-reference manoeuvres used in the testing. By continuing, you accept the privacy policy. Several purchasing managers indexes (PMI) were in negative territory across the region. 54% have shopped online in the last month in urban areas and 34% in rural areas. Thank you for your patience and perseverance with getting this off the ground. Cimigo forecast that online retail sales will surpass that of the modern trade by 2028. Consumer confidence in the US economy rose more than expected as inflation eased and gas prices cooled by the end of 2022. Tet 2023 Vietnamese consumer optimism Tet 2023 Vietnamese consumer optimism is high. After one year, Job security overtook Health to become No.1 concern of Vietnamese consumers. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The Fed's interest rate increases this year have outpaced those of other central banks, fueling US dollar (USD) strength for most of the year. Cimigo did a great job. Householdsconsumption expenditure (million USD) (current) Grossfixed capital formation (million USD) (current) Consumer Confidence ##### Index (point) 70 69 68 67 64 50 47 . Cimigo provides market research solutions in Vietnam and Indonesia that will help you make better choices. Vietnam Consumer Confidence Index (Vietnam CCI) is an indicator designed to measure consumer confidence of Vietnam, which is defined as the degree of optimism on their activities of savings and spending. FX Weekly: Consumer sentiment rises for the holiday season. This acceleration is not only in Vietnams cities but also across the nation as online shopping platforms have improved logistics serving provincial and rural communities, whilst the largest modern trade retailer has expanded rapidly into provincial towns. Overall, I highlyrecommend Cimigo for their professionalism. Notably, the Vietnam consumer confidence index gained an all-time high of 124 points and shot to the highest in a decade for the country. Plus they even threw in a few extra insights on the awareness and perception of the product in Vietnam. Cimigo has proven to be reliable being on top of the projects, managing different stakeholders and business objectives. Please do not hesitate to contact me. Cimigo - The best Glocal market research firm in Vietnam with whom we have developed a great partnership since many years. Vietnam Securities Index family is the first family of Vietnam finance indexes to be sponsored and introduced by Bloomberg L.P. to global financial institutions. The index system developed by CBV is the world's largest and most diversified index family for Vietnam financial markets with over 450 kinds of equity indexes, 50 kinds of fixed income . We remain cautious of general equities amid the risk off mood, while S&P 500 closed lower for the 7th consecutive week and briefly entered bear market territory. An email with a download link has been sent to you. Cimigo, provided its customized campaign evaluation technique based on Cimigo Online Communities that fully meets our requirement in terms of type of respondents and expected timelines. As a creative director I have used the services of Cimigo for the past 15 years when developing communications, so I know their style, innovations and resources well. First name* Viet Nam News. The survey consists of five questions that ask the respondents' opinions about the following: This Vietnam-related article is a stub. It shifts peoples priorities, it makes experiences much more important than ownership and it shifts how people spend their time and interact with friends and brand communications alike. On the other hand, projection for future situation is looking up, which lays out an interesting point: peoples outlook in their individual state is inversely proportional to the macroeconomy. document.getElementById( "ak_js_4" ).setAttribute( "value", ( new Date() ).getTime() ); The research provided by Cimigo provided our clients with very specific insights into consumer behaviour in Viet Nam. The speed of change will accelerate through 2030. Vietnam Consumer Confidence Index (Vietnam CCI) is an indicator designed to measure consumer confidence of Vietnam, which is defined as the degree of optimism on their activities of savings and spending.. ", Infocus Mekong, Consumer confidence index in Vietnam from 2012 to July 2021 Statista, https://www.statista.com/statistics/1199456/vietnam-consumer-confidence-index/ (last visited January 03, 2023), Consumer confidence index in Vietnam from 2012 to July 2021, Available to download in PNG, PDF, XLS format, Total number of COVID-19 deaths APAC December 2022, by country or territory, Total number of COVID-19 recoveries APAC December 2022, by country or territory, Coronavirus (COVID-19) vaccination rate APAC December 2022, by country, Number of people who are fully vaccinated against COVID-19 Vietnam 2022, Number of people who are vaccinated against COVID-19 Vietnam 2022, by status, People who have received additional vaccination doses COVID-19 Vietnam 2021-2022, Real GDP growth industry and construction sector Vietnam 2015-2021, Real GDP growth services sector Vietnam 2015-2021, Growth of textile and garment exports Vietnam 2010-2022, Status of employment among people Vietnam 2022, Annual revenue of the tourism sector in Vietnam 2010-2020, Direct GDP contribution of the tourism sector in Vietnam 2015-2021, Inbound tourism spending over GDP Vietnam 2012-2020, Number of international visitor arrivals in Vietnam 2016-2021, First-time users of mobile banking apps pre and post COVID-19 among Vietnamese 2021, Digital banking services usage during COVID and future usage intention Vietnam 2021, Increase in online grocery searches Vietnam Q2 2021, by item, Consumer confidence index in Vietnam 2012-2021, Intention to spend on big-ticket items Vietnam 2022, by category, Usage of retail outlets during COVID-19 in Vietnam 2021, by store type, Increase in frequency of taking dietary supplements due to COVID-19 Vietnam 2022, U.S. adults who have missed an internet bill since COVID-19 outbreak 2020, by income, Purchase intention by sector of activity after coronavirus lockdown in France in 2020, Share of people confident in their country's recovery post COVID-19 worldwide 2020, Opinion on sectors gaining from COVID-19 Saudi Arabia 2020, Priority activities according to the French population after lockdown in 2020, U.S. adults who have missed an internet bill since COVID outbreak 2020, by ethnicity, Effect of COVID-19 on gig economy workers worldwide March 2020, COVID-19 contact tracing app adoption rate 2020, by country, Worldwide opinion on exaggeration of coronavirus outbreak Mar. Very amazing to work with Cimigo, they always go beyond our expectations. Tiktok really grew in the last year to become the 4th most used platform. VN ranks fourth in world in consumer confidence in Q4. As of February 2022 data, Vietnam is already back to the monthly levels achieved in September 2019. Hanoi (VNS/VNA) - Vietnam surpassed Indonesia to rank third in consumer confidence in the first quarter behind only the Philippines and India, according to the latest Conference Board Global Consumer Confidence Survey conducted in collaboration with global measurement company Nielsen. The more alarming impact on inbound tourism recovery is Chinas travel restrictions. 5,806,425 inbound tourists from China visited Vietnam in 2019 and they are highly unlikely to be permitted to travel in 2022. Note that there were some social distancing rules in place when this survey was conducted, so Moca, which is built into the Grab app may be underrepresented, as people were not moving around as much at this time. Thailand Consumer Confidence Index data was reported at 47.900 Point in Nov 2022. "Consumer Confidence Index in Vietnam from 2012 to July 2021 . 14, 2020, by country, Change in residential real estate transactions in Italy Q1 2020, by macro-region, Current financial situation of gig workers worldwide due to COVID-19 March 2020, Opinion on factors to increase warehouse demand post COVID-19 Saudi Arabia 2020, U.S. adults who missed an internet bill since COVID-19 2020, by ethnicity & income, Private consumption change forecast in Belgium 2016-2023, Private consumer spending in Hamburg Germany 1991-2019, per inhabitant, Israel's Consolidated National Index April 2020, Japan's PCSI Sub-Index Employment Confidence 2018-2019, Staff costs of European economies by company size 2019, Coronavirus (COVID-19) pandemic in Vietnam, Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. The Business Confidence Indicators (BCIs) augment the information set of cyclical indicators by providing. Tuesday, August 29, 2017 10:22. Moreover, the outcomes of this research helps us to recognize our opportunities in the current English Language Training Market and understand profoundly our customer needs, behaviours and expectations when sending their children to us. I respect Cimigo not only because of their dedication, meticulousness, and high-quality services but also how much they care about the local community here. Get full access to all features within our Corporate Solutions. Without sell-off pressure, VN-Index regains nearly 15 points. Last name* MacroVar analyzes historical and current data of the Consumer confidence index, with data since 1967. and over 1Mio. Business conditions for next twelve months. The Consumer confidence Index is an important consumer survey for the US economy. Seniors create many opportunities and are truly under-leveraged by both financial services and consumer brands. Labour force disruptions continue as not all migrant workers living in the provinces have returned to work because of Covid fears, this is lessening with time, but continues to hamper operations for some. VOV. Cido have worked with Cimigo in Vietnam for more than 10 years. Working with Cimigo feels like not only building a partnership but a sense of family. Consumers will leapfrog the stages of development seen in developed nations. Consumer spending in Vietnam will post solid growth over 2023, with real household spending growing by 7.3% y-o-y. The insights from Cimigo were very helpful for us to better understand the Vietnam market and also in developing our brand manifesto. For higher-income households, this will present business opportunities to serve the needs of seniors. 1, HCMC, D24 Cai Son Hang Bang Residential Area, An Khanh Ward, Ninh Kieu District, Can Tho City, 3rd floor, CT2 building, Nam Do 609 Truong Dinh, Hoang Mai District, Hanoi, 164 Cao Xuan Duc, Thuan Phuoc Ward, Hai Chau District, Da Nang City. Please prove you are human by selecting the Car. The growth in loans in 2021 was just 1%. In Vietnam, the Consumer Confidence Index is part of The Nielsen Global Survey of Consumer Confidence and Spending Intentions. The ones below the arrow, Cimigo believes were temporary reactions to Covid. In rural areas developed nations consumer survey for the US economy business opportunities to serve needs. Been in smaller towns in the US economy rose more than expected as eased! Over 1Mio many opportunities and are vietnam consumer confidence index under-leveraged by both financial services and consumer brands into your presentation any. 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