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Consumer Lifestyles in Vietnam

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Description

Consumer Lifestyles offers valuable insights into key consumer attitudes and current thinking, and their impact on purchasing and consumption habits; quantifying behaviours, preferences and motivations, and aligning them with broader trends in Vietnam.

Euromonitor's Consumer Lifestyles in Vietnam report analyses factors influencing national consumer expenditure. Consumer lifestyles reports include coverage of: population, urban development, home ownership, household profiles, labour, income, consumer and family expenditure, health, education, eating habits, drinking habits, shopping habits, personal grooming, clothing, leisure habits, savings and investments, media, communication, transport and travel and tourism. Use this report to understand the factors influencing a nation's lifestyle choices.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Consumer Overview market; Pinpoint growth sectors and identify factors driving change; Understand the competitive environment, the market's major players and leading brands; Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
Product Code: CLVNco

TABLE OF CONTENTS

Consumer landscape 2021

Life priorities

Spending time with parents rated far higher than global average

Time for work is ranked well ahead of time for personal activities

Gen Z prioritise time with friends nearly as much as time for work

Tailored and curated experiences are highly sought after by consumers

Being seen to be doing well is more important for older generations

Consumers extensively research items and only buy from trusted brands

High % of Boomers only buy trusted products and prefer branded goods

Home life

High levels of regular home exercising in Vietnamese households

All generations are regularly connected virtually with friends and family

Safe location most important home feature, along with good air quality

Homes with a multifunctional design most sought after by Gen Z

Eating habits

Far higher rates of reheating and ordering food in compared to global

Gen X eat at a restaurant more frequently than other generations

Consumers enjoy trying new varieties of food if they are not GMO

High levels of occasional meat/fish eating, particularly among Boomers

Afternoon snacks more popular among those living alone

Breakfast not as popular at the weekend except among lone households

Majority of consumers still eat their meals at the same time each day

Gen Z least likely to follow regular meal times, as they snack more

Working life

A high salary comes out top over a job that offers good work-life balance

A job that offers a strong work-balance appeals more to older cohorts

Millennials more focused on earning a high salary over other factors

Future expectations to be self-employed far exceed global average

Baby Boomers far more interested in working from home in future

Sustainable living

Consumers have high levels of concern over climate change

Higher levels of concerns over climate change among Baby Boomers

Consumers' top green behaviour is reducing their use of plastics

Reducing food waste next on list of top green activities for older cohorts

Use of sustainable packaging on a par with the global average

Baby Boomers more active than other cohorts in most green behaviours

Consumers more actively buy from brands that support their values

Boomers favour brands that share their ethos

Leisure habits

Consumers are highly connected to friends and family online

High percentage of Millennials and Gen X enjoy regular day trips

In-person socialising not as active and as frequent as virtual connections

Millennials are the most active cinema-goers

International trips stymied as restrictions create surge in domestic trips

Shopping and culture not at the top of the list of travel features

All cohorts choose relaxation and safety as top travel features

Health and wellness

Women use health supplements/vitamins more frequently than men

High rates of regular running/jogging for exercise and fitness

Gen Z are not practicing yoga as much as older generations

Massage, yoga and herbs more popular than the global average

Older generations use herbal remedies far more than Gen Z

Shopping habits

Consumers focus on buying less to afford better quality products

Baby Boomers most keen to buy higher quality products

Influence of celebrity endorsement much higher than global average

Older generations value independent consumer reviews more than Gen Z

Subscription service use driven by the convenience it offers

In-store shoppers value seeing/trying and redress if need to return/repair

Baby Boomers more motivated to shop in-store for warranty/easy return

Online shoppers most motivated by best prices and variety available

Best price most motivating reason to shop online for baby Boomers

Technology

Consumers are mindful of managing their data sharing and privacy

Higher % of Millennials share their data to receive personalised offers

Consumers have much lower rates of gaming system console ownership

Smartwatch ownership much higher than global average

Consumers are generally very active online - above global average

Social networking activities are popular among all generations