Vietnam Business & Consumer Confidence fading fast – complementary IFM Consumer Confidence Report – June 2023

Key highlights

• 27% of consumers presently on reduced salary / part-time work, as confidence slips in Q.2
• 71% of Business Executive intend to reduce work force by 5% or more.
• Education, Food & Beverages, Healthcare and Online spend see growth.
• Most other sectors are in decline.
• Consumer growth is estimated to be 3.3% by years end.

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