77% Vietnamese uses idle money for saving

The rate of Vietnamese consumers putting their idle money in saving accounts is 70 percent, higher compared to 62 percent in Singapore and 63 percent in Thailand, according the latest consumer confidence report by Nielsen--the American global information and measurement company.

According to the report, 86 percent Vietnamese last year spent less on new clothing and outdoor activities, and tried to curb daily expenses on gas, electricity and others.

The Australia and New Zealand Banking Group Limited has announced that January Vietnam's consumer confidence index 2015 slid by 0.2 percent from the previous month to 135.4 points, higher than the average level of 133.3 points last year.

Forty-three percent of consumers consider it is best time now to purchase household appliances and only 11 percent think it is bad time to do so.

By Ham Yen - Translated by Hai Mien

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.