tw.en.acnielsen.com/site/news20060907.shtml -
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Published on: 9/7/2006
Last Visited: 11/18/2007
"Consumers outlook about local job prospects and their confidence in personal finances often go hand in hand," said Jennifer Tsai, Executive Director of Customized Research, ACNielsen Taiwan.
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In these countries, consumer confidence in the local job market and personal finances increased between five to nine points versus last year," observed Ms. Tsai.
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"In Asia Pacific, over half of consumers in Hong Kong (54%), Australia and New Zealand (52% each) think it is a good time to indulge themselves in some retail buying therapy," Ms. Tsai added.
Asia Pacific has the most savers in the worldContinuing the trend from previous surveys, the world's top savers are still to be found in Asia Pacific.54 percent of Asia Pacific consumers will put their spare cash into savings, compared to 37 percent of North Americans and 29 percent of Europeans."Asian nations occupy every position in the ,Top Ten Global Savers' list with Thailand (70%) topping the global ranking with highest percentage of savers and a significant 15 percentage points increase compared to six months ago," Mr. Tsai added.Six in 10 consumers in Philippines, Singapore and Taiwan also opt to save with their spare cash.
"Economic and cultural factors influence Asians penchant to save for a rainy day with levels higher than other part of the world.With more than a third of consumers in Asia Pacific concerned about job security, putting spare cash into saving is certainly the safest financial option for consumers who are insecure about their jobs," said Ms. Tsai.
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The irrepressible consumer boom in Vietnam presents great potential for global brands and players in all sectors including retail, technology, entertainment, travel & tourism, fashion apparels and home improvement/decorations," commented Ms. Tsai.