Vietnam consumer confidence plummets on COVID worries, survey says

Only 5% of respondents expect a better economy despite victory against the virus

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Vietnam is suffering from poor consumer sentiment, with many locals reluctant to go shopping due to concerns about the pandemic's economic impact. © Reuters

LIEN HOANG, Nikkei staff writer

HO CHI MINH CITY -- Vietnam's consumer confidence has plunged to a level not seen in at least 20 years, offering a bleak snapshot of the pandemic's persistent impact, even in a country that has quashed COVID-19 and has a growing economy.

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