return icon Vietnamnet.vn

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.

{keywords}

Vietnam is expected to have a 5.1 percent increase in salary in 2020

 

 

Meanwhile, Thailand is among the top five economies in the world to see real salary increases as productivity grows. The country is likely to see a 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 3 percent in 2020, down from 3.3 percent in 2019, which is above average in Asia-Pacific and more than double Hong Kong's rise of 1.4 percent. India will again see the highest real salary increase in Asia, predicted to be 5.4 percent.

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

Workers in Vietnam and Thailand will both see further increases to their salaries as the nominal salaries expected to be given by employers stay well ahead of the low levels of inflation that these countries will see in 2020, Lee Quane, Regional Director of Asia at ECA International, was quoted by the Thai media as saying.

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

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

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

However, not all in emerging Asia will benefit from an above-average salary rise after inflation. Workers in Malaysia are expected to see a big drop in their real salary increases compared with previous years, to 2.9 percent from 4 percent in 2019./.VNA

High-tech industry sees highest salary increase

High-tech industry sees highest salary increase

High-tech, Chemical, and Trading leading the way in salary increases in 2019, Mercer-Talentnet survey finds.

In Vietnam, the banking sector has the highest salary

In Vietnam, the banking sector has the highest salary

According to audited financial reports 2018 from 20 Vietnamese banks, the average monthly income of banking employees in 2018 were VND12.37 million-34 million (USD521.73-1,478).  

MORE NEWS

PM to hold dialogue with young people in March

Prime Minister Pham Minh Chinh will hold a dialogue with young people in Hanoi on March 26, the Government Office has announced.

Internet slows as four out of five submarine cables suffer disruptions

Vietnamese internet service providers have confirmed that four out of five submarine internet cables that connect the country to the world are experiencing issues, seriously affecting performance and reliability.

Politburo Resolution 31 gives momentum to HCM City to 'take off'

Experts say that policies from the Politburo’s Resolution 31 will give momentum to HCM City to grow strongly, but also pose big challenges for the city.

Billionaire's companies make big profits during difficult period

The businesses owned by the dollar billionaire Pham Nhat Vuong have all reported record-high revenue at a time when the real estate market has been bogged down in difficulty.

Outstanding policies take effect in Vietnam from February 2023

A string of policies on transferring money from Viet Nam to other countries, a 50-percent fee reduction when registering for permanent residence

Spiritual milestones affirm Vietnam’s sovereignty in the sea

Nine pagodas formed from shrines or small Buddha statues erected a long time ago in the Truong Sa archipelago by Vietnamese fishermen are not only places of religious and belief activities but also the country’s sovereignty milestones on the sea.

Vietnam to attend ASEAN Tourism Forum 2023 in Indonesia

Vietnam will participate in ASEAN Tourism Forum (ATF) 2023 themed “ASEAN: A Journey to Wonderful Destinations”, and the Travel Exchange (TRAVEX) trade fair in Yogyakarta, Indonesia from February 2 – 5.

Hanoi and Ho Chi Minh City among safest cities in Southeast Asia

Hanoi and Ho Chi Minh City have both been included in a list of the safest cities in Southeast Asia, as compiled by statistics site Numbeo.

Action plan issued to accelerate national anti-corruption strategy building

Deputy Prime Minister Le Minh Khai, head of the steering committee on building the national anti-corruption strategy by 2030, has signed a decision on the issuance of the committee’s action plan.

VIETNAM BUSINESS NEWS JANUARY 31/2023

Latest guidance on one-way money transfers from Viet Nam

HCM City proposes removing hindrances to develop real estate market

Ho Chi Minh City authorities made a proposal to clear bottlenecks for healthy and sustainable development of the real estate market.

More high-value foreign investment projects needed as tax policies change

Vietnam needs to improve FDI quality, attracting high-tech projects that promise to bring higher added value.

Khmer's ginger cake of love and faithfulness

The ginger cake of the Khmer ethnic group in Soc Trang Province is a beloved traditional treat that is often offered to ancestors on important anniversaries such as the Tet (Lunar New Year) festival.

HCM City promotes digital transformation in education

Digital transformation is considered key to improving education and training quality, as proven by the effect of HCM City actively applying digital transformation over the past five years.

Hanoi to close fruit shops lacking proper food safety preparations

The capital city of Hanoi encourages the expansion of safe fruit businesses while clamping down on fruit shops that do not comply with food safety protocols, specifically street vendors.
back_to_top