Tag: consumer

As economic storms rage worldwide, Vietnam's Deputy PM Le Minh Khai marshals forces to monitor price swings and deploy flexible strategies to rein in inflation within the 4-4.5% target for 2024.

Country expected to have 80 million consumers by 2030.

Vietnam is expected to become the tenth-largest global consumer market in the world by 2030, surpassing both Germany and the UK. Despite the global challenges, it is a standout in the region in terms of GDP growth. HSBC has therefore raised its GDP growth forecast for this year to 6.9 per cent.

Batdongsan.com.vn has reported that the real estate consumer sentiment index (CSS) in Vietnam fell 7 points in the second half of 2022 compared to the first half of the year, from 47 to 40. Consumer optimism fell the most in regard to rising real estate prices in the future, down by 22 points from 57 to 35.

The difficulties from Covid-19 have awakened consumer businesses and sparked their creative potential to actively adapt and create momentum for new development.