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./.
VNA
