Vietnam’s retail industry is experiencing a period of remarkable growth, fuelled by favourable economic conditions and evolving consumer behaviour.

Thai consumer confidence dropped for a fourth straight month in June, falling to its lowest level since October last year on concerns over a global slowdown and political uncertainty, according to a survey released on July 11 by the University of the Thai Chamber of Commerce (UTCC).

Thailand’s consumer confidence rose in January, reaching the highest level in 47 months since March 2020, boosted by the government's stimulus measures to propel spending and reduce electricity and fuel prices, and strong recovery of tourism industry.

Thailand's consumer confidence rose for a fourth straight month in November, hitting the highest level in 45 months, driven largely by the government's policies to reduce the cost of living and economic stimulus measures.

Thailand’s consumer confidence increased for the ninth straight month in February thanks to recovering tourism, government stimulus measures, and the baht's weakness.

Consumer confidence in Thailand increased for the seventh straight month in December 2022, reaching a 25-month high on the back of improved economic activity and an increase in foreign tourists, the University of the Thai Chamber of Commerce (UTCC) reported on January 12.

Thailand’s consumer confidence rose 47.9 points in November, hitting a 20-month high and marking a rise for six straight months, thanks to improved economic performance, an increasing number of foreign visitors and declined petroleum prices.

The purchasing power in the domestic market is expected to increase by between 15-20 percent from now until the 2021 Tet (Lunar New Year), with food products seeing the strongest rise, said Tran Duy Dong, Director of the Ministry of Industry and Trade (MoIT)’s Domestic Market Department.

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.

Future trends of the Vietnamese retail market, including the use of digital and AI, were discussed by more than 400 retail experts at a seminar organised in HCM City on February 28 by Vincom Retail Joint Stock Company.

Nearly 80 percent of the 1076 fresh fruit stores in the downtown districts of Hanoi met food hygiene, safety and quality control standards, according to the municipal Department of Industry and Trade.

Vietnamese consumers are the second-most optimistic in Asian-Pacific markets, according the latest survey on consumer confidence conducted by MasterCard.

Thailand’s consumer confidence in March 2017 climbed for the fourth consecutive month to the highest level in two years, announced the University of the Thai Chamber of Commerce Economic and Business Forecasting Centre.

Vietnam was ranked seventh worldwide in consumer confidence in the Nielsen Vietnam Index of Consumer Confidence.

Thai Government Spokesman Lt. Gen. Sansern Kaeokamnerd has confirmed the country’s economy has expanded continuously, with key economic indicators improving throughout the year.

Online marketing in Vietnam is entering a period of rapid development, but this development continues to face obstacles, including consumer confidence, payments and online marketing.

The positive outcome of the six-year campaign “Vietnamese prioritise Vietnamese goods” has motivated businesses to update technologies and diversify products to increase consumer confidence.

Vietnam advanced in the latest consumer confidence ranking by global information and measurement company Nielsen.

Vietnam needs to take measures to protect itself including aligning its economic institutions with other ASEAN nations in order to avoid the risk of economic crisis when the AEC is officially formed.

Hanoi (VNA) - The ANZ-Roy Morgan Vietnam Consumer Confidence Index gained 5.8 points to 141.1 in October, rising well above the long-term average of 135.9.