Ha Noi — Although 77 per cent of Vietnamese still physically visit banks to make transactions, 64 per cent also make on-line banking transactions.
According to a recent Nielsen survey, consumers look for "safe" high-interest returns in dong, particularly at State-owned banks.
Forty-one per cent of respondents to the survey now use State-owned banks, a five-point increase from the last quarter of last year.
However, the use of saving services at joint-stock banks fell from 64 per cent from the last quarter of 2011 to 58 per cent in the first quarter of this year.
According to a Personal Finance Monitor Survey held in the first half of this year, the intent to invest in real estate and securities in the next 12 months dropped to 6 per cent in the first quarter of this year, four times lower than a year ago.
More than a third of respondents (36 per cent) wanted to invest money in their own business, compared to 63 per cent a year ago.
Gold, silver and other precious metals topped investment choices for more than half (54 per cent) of consumers surveyed, followed by stock (52 per cent), foreign currency (41 per cent) and secured investments (30 per cent).
The survey's report was conducted face-to-face among 600 respondents from 18 to 50 years old on a monthly basis in HCM City and Ha Noi.
According to a global survey by the same company, most Vietnamese consumers (88 per cent) make decisions on personal finance or wealth matters without the help of a financial planner.
Up to 24 per cent said they relied on tips from friends, relatives and colleagues.
The survey also found that 40 per cent of Vietnamese on-line respondents use credit cards as well as cash for dining, shopping and entertainment activities, while 97 per cent use cash only.
When it comes to credit card repayment, 24 per cent of card users repay only the minimum required each month.
The global survey, which contacted 7,000 consumers in Asia and the Pacific on-line, found that while 85 per cent used cash for general shopping, dining, travel or entertainment expenses. — VNS.