Vietnam leads Southeast Asia in salary growth

Vietnam leads Southeast Asia in terms of salary growth with a 5.1 percent increase expected in 2020, according to a report by ECA International.
Vietnam leads Southeast Asia in salary growth ảnh 1Vietnam is expected to have a 5.1 percent increase in salary in 2020 (Photo: VNA)

Bangkok (VNA) - Vietnam leads Southeast Asia in termsof salary growth with a 5.1 percent increase expected in 2020, according to areport by ECA International.

Meanwhile, Thailand is among the top five economies in the worldto see real salary increases as productivity grows. The country is likely to seea real salary increase of 4.1 percent in 2020, up from 3.9 percent in 2019.

The average real salary increase in Singapore is forecast at 3percent in 2020, down from 3.3 percent in 2019, which is above average inAsia-Pacific and more than double Hong Kong's rise of 1.4 percent. India willagain see the highest real salary increase in Asia, predicted to be 5.4 percent.

The average increase in real terms in Asia-Pacific is forecastat 3.2 percent. India took the top spot, followed by Vietnam, Indonesia,Cambodia, then Thailand.

Workers in Vietnam and Thailand will both see further increasesto their salaries as the nominal salaries expected to be given by employersstay well ahead of the low levels of inflation that these countries will see in2020, Lee Quane, Regional Director of Asia at ECA International, was quoted bythe Thai media as saying.

Lee said this has been a long-term trend for both countries, asproductivity continues to grow and inflation is controlled.

Asian nations lead the way again for salary increases with 13out of the top 20 hikes in real salaries and the entire top five in the globalrankings.

In China, the real salary increase is again expected to be abovethe regional and global average at 3.6 percent.

However, not all in emerging Asia will benefit from anabove-average salary rise after inflation. Workers in Malaysia are expected tosee a big drop in their real salary increases compared with previous years, to2.9 percent from 4 percent in 2019./.
VNA

See more

Deputy for tourism and infrastructure development at the Ministry of Tourism Hariyanto. (Photo: ANTARA)

Indonesia boosts culinary tourism

To promote Indonesian culinary tourism, the Indonesian Ministry of Tourism is currently focusing on culinary products to ensure that tourism products can move up a class. It is also paying attention to wellness tourism, gastronomy, marine, and fashion.

A truck arrives as another departs from Laem Chabang deep-sea port in Chon Buri province. Thai exports to the US could face higher trade barriers. (Photo: Bangkok Post)

Thai exporters risk higher US tariffs: expert

Thai exports to the US that are at risk of US trade barriers include Bluetooth modules, broadband products, solar modules, power adapters, machinery and parts, auto parts, mobile camera modules, and air conditioners.

Illustrative image (Photo: Internet)

Lao, Cambodian Parties vow to tighten ties

The 15th high-level meeting between the Lao People’s Revolutionary Party (LPRP) and the Cambodian People’s Party (CPP) took place in Vientiane, Laos on February 7.

Chinese President Xi Jinping meets with Prime Minister of Thailand Paetongtarn Shinawatra, who is on an official visit to China, at the Great Hall of the People in Beijing on February 6, 2025. (Photo: Xinhua)

Thailand, China strengthen bilateral ties

Thai Prime Minister Paetongtarn affirmed Thailand's commitment to deepening law enforcement cooperation with China and its neighbouring countries, pledging strong and decisive actions to combat cross-border crimes, including online gambling and telecom fraud.

Cambodian Senate President Samdech Techo Hun Sen begins visit to Laos. (Photo: cpp.org.kh)

Lao, Cambodian legislative bodies enhance collaboration

The two sides appreciated the strong and close collaboration between Laos and Cambodia as well as their legislative bodies, reflected through the implementation of the contents of the Memorandum of Understanding on cooperation between the two legislatures, such as all-level delegation exchanges, and experience sharing.

Chinese President Xi Jinping (right) and Brunei's Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah at their meeting in Beijing, China, on February 6, 2025. (Photo: Xinhua/VNA)

Brunei, China step up cooperation across multiple fields

Xi Jinping said China is ready to strengthen strategic connectivity with Brunei, encourage more Chinese enterprises to invest and start business in the country, and support Brunei in diversifying its economy and developing its digital economy, artificial intelligence, and new energy industries.