Vietnam 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./.
The Government needs to establish a national strengthening productivity committee to better labour productivity, thus promoting the economic growth, said Director General of the General Statistics Office of Vietnam Nguyen Bich Lam on August 7.
The reduction of working hours from 48 hours per week to 44 hours will create difficulties for textile and garments enterprises, according to one leading expert.
The Vietnam Airlines Corporation has decided to increase the salary of pilots on Boeing B787 and Airbus A350 by 22 percent, nine months ahead of schedule.
Hiring employees based on their potential will be important in the new economy, according to an annual whitepaper report published by Robert Walters, an international recruiting firm.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Vietnam is expected to have a 5.1 percent increase in salary in 2020 (Photo: VNA) 
