Vietnam leads Southeast Asia in salary growth: ECA

Vietnam leads Southeast Asia in terms of salary growth with a 5.1% increase expected in 2020, according to a report by London-based ECA International Company.

India will again see the highest real salary increase in Asia, predicted to be 5.4%, followed by Vietnam, Indonesia, Cambodia, and Thailand. In China, the real salary increase is expected to be 3.6% in 2020. The average increase in Asia-Pacific is forecast to be 3.2%, higher than the global rate of 1.4% and the European rate of 1.1%.

According to Lee Quane, Regional Director for Asia at ECA International, workers in Vietnam and Thailand will see further real 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.

Source: VOV5