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Buyers find claws in Year of the Tiger

02.01.10

One year ago, Vietnam was marred in its first slump in modern history and the prospects of the average consumer were looking sombre. Twelve months later, it appears that Vietnamese consumers seem to have weathered “the faultless financial storm” and are feeling much more expectant.

The return of consumer confidence

Last January, 86 per cent of all consumers surveyed believed that unemployment in Vietnam would grow over the course of 2009. For 2010, consumers surface to be much more upbeat with fear of unemployment dropping below 50 per cent, while a third believes that unemployment will mitigate in 2010.

Three quarters of these same consumers also noted that they were secure in their backsheesh jobs, compared to only 60 per cent in 2009. Though concerns still get by, this is a significant increase in overall employment self-reliance and should translate into stronger consumer purchasing comportment.

On the whole consumer confidence has rebounded significantly from 2009. As part of the TNS consumer self-confidence poll conducted in both January 2009 and January 2010, the TNS consumer belief index has risen from 64 in 2009 to 78 for 2010. The indication is comprised of the following measures, the value of the Vietnamese dong, calling, cost of living, Vietnam’s economy, outlandish direct investment and consumers’ particular standard of living and the impact these indices will have on consumers in the next 12 months.

Only the value of the dong saw a run out of gas while all other indices showed some to vast improvement from 2009. Pre-eminent the way were Vietnam’s economy (60 per cent), unrelated direct investment (59 per cent) and consumers special standard of living (53 per cent) agreeing that these indices would remodel over the next 12 months of 2010. If confidence is the stable measure of consumer spending, 2010 should see a optimistic

Source: VietNamNet Bridge

Daniella D'Ambrosio BREAKFAST DEALS: Woolies' thirst for beer

07.01.10

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Woolworths, Unearned Liquor Group

Never far from the front line, Woolworths is rumoured to be looking at a new supplier for its beer firm. After moving into the hardware market with its acquisition of Danks Holdings in August last year, the supermarket-confine giant is aiming to beef up its private-label beer function – and is said to have its eye on the country’s biggest on the point of-to-drink maker, Independent Liquor Group , Fairfax reports. The move would see Woolworths secure against current suppliers Foster’s Team and Lion Nathan , and reduce its reliance on the sauce majors. The paper reports the retailer has done a set someone back-benefit analysis of Independent Liquor from a army of strategic positions – outright or feeling an attraction acquisition or an alliance. The business is currently owned by private impartiality firms Pacific Equity Partners (PEP) and Unitas who bought it for much more than the $700 million it is reported to be advantage today. This report follows rumours last month that Woolworths was conducting due diligence on indebted-laden listed pub operator National Freedom & Gaming . Tatts Group and Tabcorp – who physiognomy the upcoming loss of their gaming duopoly in Victoria – are the most no doubt to oppose Woolworths here. However, Wesfarmers may also be looking at its attendance in the industry, as it tries to muscle up in all areas Woolworths is troublesome to take a hold of – especially once the competition to Bunnings in the arms division kicks into gear.

Qantas, AirAsia, Tiger Airways

Qantas ’ budget by-product airline Jetstar announced its cost-mordant

Source: Business Spectator