{"id":21683,"date":"2022-12-07T17:05:17","date_gmt":"2022-12-07T10:05:17","guid":{"rendered":"https:\/\/www.cimigo.com\/?p=21683"},"modified":"2025-10-20T08:46:55","modified_gmt":"2025-10-20T01:46:55","slug":"tet-2023-vietnamese-consumer-optimism","status":"publish","type":"post","link":"https:\/\/www.cimigo.com\/en\/trends\/tet-2023-vietnamese-consumer-optimism\/","title":{"rendered":"Tet 2023 Vietnamese consumer optimism"},"content":{"rendered":"\r\n<h2 class=\"wp-block-heading\">Tet 2023 Vietnamese consumer optimism<\/h2>\r\n\r\n\r\n\r\n<p>Tet 2023 Vietnamese consumer optimism is high. Tet is the most important holiday season in Vietnam and is a celebration of the arrival of spring, the start of the lunar new year and the hopeful commencement of good fortunes. It is a time of bringing family together and renewing expectations for health, happiness and prosperity.<\/p>\r\n\r\n\r\n\r\n<p>For the foreign reader unfamiliar with the lunar new year, Vietnamese over 60 years old in Vietnam consider Tet as their birthday. Historically individual birth dates held little relevance as there were few means available for an individual celebration. All children were considered aged one at birth and their next birthday was the forthcoming Tet. Tet is therefore akin to a national birthday celebration bigger than an individual birthday, a Thanksgiving and a Christmas celebration combined.<\/p>\r\n\r\n\r\n\r\n<p>Understanding TET and the cultural mores and rituals around this celebration is critical for marketing teams. You can find more reports on TET cultural attitudes and marketing efforts at <a href=\"https:\/\/ask.cimigo.com\/en\/report\" target=\"_blank\" rel=\"noopener\"><strong>AskCimigo<\/strong><\/a> and interrogate the reports with our AI assistant.<\/p>\r\n        <div class=\"askcimigo-banner askcimigo-scope\" lang=\"en\">\n            <style>\n                \/* scope and harden *\/\n                .askcimigo-scope { font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Oxygen,Ubuntu,Cantarell,sans-serif !important; color:#1a1a1a !important; line-height:1.4 !important; }\n                .askcimigo-scope * { box-sizing:border-box !important; }\n\n                \/* neutralise common theme rules inside scope *\/\n                .askcimigo-scope h1,\n                .askcimigo-scope p,\n                .askcimigo-scope a,\n                .askcimigo-scope svg,\n                .askcimigo-scope section,\n                .askcimigo-scope div,\n                .askcimigo-scope span,\n                .askcimigo-scope img {\n                    margin:0 !important;\n                    padding:0 !important;\n                    border:0 !important;\n                    background:transparent !important;\n                    color:inherit !important;\n                    font:inherit !important;\n                    text-decoration:none !important;\n                    box-shadow:none !important;\n                }\n\n                \/* layout (default) *\/\n                .askcimigo-scope .hero {\n                    padding:5rem 5% 4rem !important;\n                    background:linear-gradient(135deg,#f7faea 0%,#ffffff 100%) !important;\n                    border-radius:12px !important;\n                }\n                .askcimigo-scope .hero-content { max-width:800px !important; margin:0 auto !important; display:flex !important; justify-content:center !important; align-items:center !important; }\n                .askcimigo-scope .hero-text { width:100% !important; }\n\n                \/* logo *\/\n                .askcimigo-scope .askcimigo-logo {\n                    display:block !important;\n                    margin:0 auto 1.5rem !important;\n                    max-width:200px !important; width:100% !important; height:auto !important;\n                }\n\n                \/* text (default) *\/\n                .askcimigo-scope h1 {\n                    display:block !important;\n                    font-size:3rem !important;\n                    line-height:1.2 !important;\n                    margin:0 0 1.5rem !important;\n                    color:#0f172a !important;\n                    text-align:center !important;\n                    font-weight:800 !important;\n                }\n                .askcimigo-scope .headline-blue { color:#010101 !important; font-weight:800 !important; }\n                .askcimigo-scope .highlight { color:#1f61a9 !important; white-space:nowrap !important; font-weight:800 !important; }\n                .askcimigo-scope p {\n                    display:block !important;\n                    font-size:1.25rem !important;\n                    color:#475569 !important;\n                    margin:0 0 2rem !important;\n                    line-height:1.7 !important;\n                    text-align:center !important;\n                }\n\n                \/* buttons *\/\n                .askcimigo-scope .cta-group { display:flex !important; gap:1.5rem !important; margin:0 0 2rem !important; justify-content:center !important; flex-wrap:wrap !important; }\n                .askcimigo-scope .btn-primary,\n                .askcimigo-scope .btn-secondary {\n                    display:inline-flex !important;\n                    align-items:center !important;\n                    justify-content:center !important;\n                    cursor:pointer !important;\n                    user-select:none !important;\n                    padding:.75rem 1.5rem !important;\n                    border-radius:8px !important;\n                    text-decoration:none !important;\n                    font-weight:700 !important;\n                    line-height:1 !important;\n                    border:0 !important;\n                    transition: background .15s ease, border-color .15s ease, color .15s ease !important;\n                    box-shadow:0 1px 0 rgba(0,0,0,.04) !important;\n                    color:#fff !important;\n                }\n                .askcimigo-scope .btn-primary { background:#9dc42f !important; }\n                .askcimigo-scope .btn-primary:hover { background:#82a525 !important; }\n                .askcimigo-scope .btn-secondary { background:#116bb1 !important; border:2px solid #116bb1 !important; }\n                .askcimigo-scope .btn-secondary:hover { background:#0d5a94 !important; }\n\n                \/* trust badge *\/\n                .askcimigo-scope .trust-badge { display:flex !important; align-items:center !important; gap:.5rem !important; color:#64748b !important; font-size:.9rem !important; justify-content:center !important; }\n                .askcimigo-scope .trust-badge svg { width:20px !important; height:20px !important; color:#22c55e !important; flex-shrink:0 !important; }\n\n                \/* responsive *\/\n                .askcimigo-scope .mobile-demo { display:none !important; }\n                @media (max-width:768px){\n                    .askcimigo-scope h1 { font-size:2.2rem !important; }\n                    .askcimigo-scope p { font-size:1.1rem !important; }\n                    .askcimigo-scope .desktop-demo { display:none !important; }\n                    .askcimigo-scope .mobile-demo { display:inline-flex !important; }\n                    .askcimigo-scope .askcimigo-logo { max-width:160px !important; }\n                }\n\n                \/* ================================\n                   Compact mode overrides\n                   ================================ *\/\n                .askcimigo-scope.is-compact .hero {\n                    padding:18px 16px !important;\n                }\n                .askcimigo-scope.is-compact .askcimigo-logo {\n                    max-width:140px !important;\n                    margin:0 auto 10px !important;\n                }\n                .askcimigo-scope.is-compact h1 {\n                    font-size:1.35rem !important;\n                    line-height:1.25 !important;\n                    margin:0 0 .5rem !important;\n                }\n                .askcimigo-scope.is-compact .highlight { white-space:normal !important; }\n                .askcimigo-scope.is-compact p {\n                    font-size:.98rem !important;\n                    line-height:1.45 !important;\n                    margin:0 0 12px !important;\n                }\n                .askcimigo-scope.is-compact .cta-group {\n                    gap:10px !important;\n                    margin:0 0 10px !important;\n                }\n                .askcimigo-scope.is-compact .btn-primary,\n                .askcimigo-scope.is-compact .btn-secondary {\n                    padding:8px 12px !important;\n                    border-radius:8px !important;\n                    font-size:.95rem !important;\n                }\n                .askcimigo-scope.is-compact .trust-badge {\n                    font-size:.85rem !important;\n                }\n\n                \/* Compact + mobile *\/\n                @media (max-width:768px){\n                    .askcimigo-scope.is-compact .askcimigo-logo { max-width:120px !important; }\n                    .askcimigo-scope.is-compact h1 { font-size:1.15rem !important; }\n                    .askcimigo-scope.is-compact p { font-size:.95rem !important; -webkit-line-clamp:3; display:-webkit-box; -webkit-box-orient:vertical; overflow:hidden; }\n                    .askcimigo-scope.is-compact .cta-group { gap:8px !important; }\n                    .askcimigo-scope.is-compact .btn-primary,\n                    .askcimigo-scope.is-compact .btn-secondary { padding:10px 12px !important; flex:1 1 0 !important; }\n                }\n            <\/style>\n\n            <section class=\"hero\" aria-label=\"AskCimigo banner\">\n                <div class=\"hero-content\">\n                    <div class=\"hero-text\">\n                        <img decoding=\"async\" class=\"askcimigo-logo\" src=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2025\/10\/logo-Ask-Cimigo.svg\" alt=\"AskCimigo logo\" \/>\n                        <h1><span class=\"headline-blue\">From market questions to<\/span> <span class=\"highlight\">answers in seconds<\/span><\/h1>\n                        <p>Get instant access to syndicated consumer insights, market trends, and competitive intelligence across Vietnam.<\/p>\n\n                        <div class=\"cta-group\" role=\"group\" aria-label=\"Calls to action\">\n                            <a class=\"btn-primary\" href=\"https:\/\/ask.cimigo.com\/en\/report\" target=\"_blank\" rel=\"noopener noreferrer\">Explore platform<\/a>\n                            <a class=\"btn-secondary desktop-demo\" href=\"https:\/\/app.supademo.com\/demo\/cmg68h7xbajl310k8g6ujxqpo?utm_source=cimigo\" target=\"_blank\" rel=\"noopener noreferrer\">View demo<\/a>\n                                                            <a class=\"btn-secondary mobile-demo\" href=\"https:\/\/app.supademo.com\/demo\/cmgrnaq0z02ktty0ifgazc7rb?utm_source=cimigo\" target=\"_blank\" rel=\"noopener noreferrer\">View demo<\/a>\n                                                    <\/div>\n\n                        <div class=\"trust-badge\" aria-label=\"Trust badge\">\n                            <svg viewBox=\"0 0 20 20\" fill=\"currentColor\" focusable=\"false\" aria-hidden=\"true\">\n                                <path fill-rule=\"evenodd\" d=\"M10 18a8 8 0 100-16 8 8 0 000 16zm3.707-9.293a1 1 0 00-1.414-1.414L9 10.586 7.707 9.293a1 1 0 00-1.414 1.414l2 2a1 1 0 001.414 0l4-4z\" clip-rule=\"evenodd\"><\/path>\n                            <\/svg>\n                            Trusted by over 500 brands                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/section>\n        <\/div>\n        \r\n\r\n\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">Vietnamese Tet <b>and consumer packaged goods<\/b><\/h2>\r\n\r\n\r\n\r\n<p>Tet celebrations and the renewal of hopes for the lunar new year ahead have a significant impact on sales for many consumer packaged goods and beyond in Vietnam. Consumer expenditure is double that of a typical month in the run-up to TET. In part for gifting to those whom consumers wish to show their respect to (in both family and business) and for enjoying time at home with extended family and guests.<\/p>\r\n\r\n\r\n\r\n<p>For many consumer goods companies, winning or losing at Tet will make or break their annual sales. Spirit brands will see up to 60% of their annual sales in the 6 weeks leading up to Tet. Beer will see up to 30% and Tet related categories of; soft drinks, biscuits and candy will experience significant spikes. The process of renewal will also see consumers undertake a personal and household renewal process, pushing sales higher in personal care, fashion, household care, home appliances and building materials (as many will undertake renovations and renewal of their homes prior to Tet).<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">Vietnamese Tet survey approach<\/h2>\r\n\r\n\r\n\r\n<p>In this report, <a href=\"https:\/\/www.cimigo.com\/en\/trends\" target=\"_blank\" rel=\"noopener\">Cimigo<\/a> explores expectations for the coming Tet (the first day of the lunar new year is on the 22nd of January 2023). This will be the year of the cat.\u00a0 557 consumers were interviewed online. The respondents are male and female aged 18 to 45, in HCMC, Hanoi and Danang. Cimigo conducted an online survey using our own online communities, to uncover:<\/p>\r\n\r\n\r\n\r\n<ol class=\"wp-block-list\">\r\n<li>Vietnamese household and personal income momentum and expectations.<\/li>\r\n<li>Vietnamese consumers\u2019 expectations on expenditure and shopping behaviour for Tet.<\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><b>Strong optimism toward Tet for Vietnamese <\/b><b>consumers\u00a0<\/b><\/h2>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><b><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-21687 size-full\" src=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Strong-optimism-toward-Tet-for-consumers-in-Vietnam.jpg\" alt=\"Tet 2023 Vietnamese consumer optimism\" width=\"351\" height=\"184\" srcset=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Strong-optimism-toward-Tet-for-consumers-in-Vietnam.jpg 351w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Strong-optimism-toward-Tet-for-consumers-in-Vietnam-300x157.jpg 300w\" sizes=\"auto, (max-width: 351px) 100vw, 351px\" \/><\/b><\/h2>\r\n\r\n\r\n\r\n<p>Consumers expect that their income and quality of life will improve over the coming 6 months. More expect bonuses than last year and most expect higher bonuses.<\/p>\r\n\r\n\r\n\r\n<p>The additional expenditure in the run-up to Tet is expected to nearly equal a normal month\u2019s expenditure at VND6,790,000 (US$266) and amongst higher-income households earning VND15,000,000 or more per month the extra Tet expenditure will be higher than a normal month&#8217;s expenditure at VND11,749,000 (US$461).<\/p>\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><img loading=\"lazy\" decoding=\"async\" width=\"351\" height=\"185\" class=\"wp-image-21694 alignleft\" style=\"font-size: 16px;\" src=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Tet-shopping-channels-in-Vietnam.jpg\" alt=\"Tet shopping channels in Vietnam\" srcset=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Tet-shopping-channels-in-Vietnam.jpg 351w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Tet-shopping-channels-in-Vietnam-300x158.jpg 300w\" sizes=\"auto, (max-width: 351px) 100vw, 351px\" \/><\/h2>\r\n\r\n\r\n\r\n<p>Supermarkets and wet markets are the main channels for shopping for Tet. Online shopping performs better for personal care compared with other categories.\u00a0<\/p>\r\n<p>Tet 2023 Vietnamese consumer optimism is high and consumers expect to spend more on travelling and shopping, especially for durable items such as mobile phones, motorbikes and appliances.<\/p>\r\n<h2>\u00a0<\/h2>\r\n<h2>Tet brand associations in Vietnam<\/h2>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-21699 size-full\" src=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Tet-brand-associations-in-Vietnam.jpg\" alt=\"Tet brand associations in Vietnam\" width=\"351\" height=\"184\" srcset=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Tet-brand-associations-in-Vietnam.jpg 351w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Tet-brand-associations-in-Vietnam-300x157.jpg 300w\" sizes=\"auto, (max-width: 351px) 100vw, 351px\" \/><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<p>Coca-Cola (soft drinks) and Kinh Do (biscuits) are the brands spontaneously associated with Tet. Family reunions and sharing with loved ones are the main themes expected to touch consumers\u2019 hearts in Tet marketing activities.<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<h2>\u00a0<\/h2>\r\n<h2><b>March 2023 update with actual retail sales: Vietnam retail sales over Tet grew by 27% over 2019<\/b><\/h2>\r\n<p>Comparing sales to Tet in 2019, as a pre-pandemic norm, sales of retail goods increased by 31%, reaching approximately US$51 billion (1,185,826 billion Vietnam dong).\u00a0\u00a0Sales in tourism, hospitality and services grew 15% reaching approximately US$14 billion (324,149 billion Vietnam dong).<\/p>\r\n<p>Retail sales of goods and services in Vietnam combined grew by 27% over Tet, compared to 2019.<\/p>\r\n<p>The chart compares retail and service sales over the Tet period. Sales are combined for the months of December (prior year), January and February (current year) given the varying lunar new year date.\u00a0<\/p>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-22091 size-full\" src=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Vietnam-retail-sales-over-TET-grew-by-27-over-2019.jpg\" alt=\"Vietnam retail sales over TET grew by 27% over 2019\" width=\"1269\" height=\"586\" srcset=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Vietnam-retail-sales-over-TET-grew-by-27-over-2019.jpg 1269w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Vietnam-retail-sales-over-TET-grew-by-27-over-2019-300x139.jpg 300w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Vietnam-retail-sales-over-TET-grew-by-27-over-2019-1024x473.jpg 1024w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Vietnam-retail-sales-over-TET-grew-by-27-over-2019-768x355.jpg 768w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/12\/Vietnam-retail-sales-over-TET-grew-by-27-over-2019-600x277.jpg 600w\" sizes=\"auto, (max-width: 1269px) 100vw, 1269px\" \/><\/p>\r\n<p>Visit <a href=\"https:\/\/ask.cimigo.com\/en\/report\" target=\"_blank\" rel=\"noopener\"><strong>AskCimigo<\/strong><\/a> and interrogate the report with our AI assistant.<\/p>\r\n        <div class=\"askcimigo-banner askcimigo-scope\" lang=\"en\">\n            <style>\n                \/* scope and harden *\/\n                .askcimigo-scope { font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Oxygen,Ubuntu,Cantarell,sans-serif !important; 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Tet is the most important holiday season in Vietnam and is a celebration of the arrival of spring, the start of the lunar new year and the hopeful commencement of good fortunes. It is a time of bringing family together and renewing expectations [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21702,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[476],"tags":[482,570],"class_list":["post-21683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-research-vietnam","tag-vietnam-consumer-marketing-trends","tag-vietnam-market-research"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.7 (Yoast SEO v26.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tet 2023 Vietnamese consumer optimism - Market research Vietnam Indonesia<\/title>\n<meta name=\"description\" content=\"Tet 2023 Vietnamese consumer optimism. Consumers are optimistic, expecting higher bonuses, more spending, more gifts and more excitement.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cimigo.com\/en\/trends\/tet-2023-vietnamese-consumer-optimism\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tet 2023 Vietnamese consumer optimism\" \/>\n<meta property=\"og:description\" content=\"Tet 2023 Vietnamese consumer optimism. 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