The average real salary rise for workers in Vietnam in 2020 is projected to be 5.1 percent, up from 4 percent this year, according to the annual Salary Trends Report recently released by U.K.-based global data and research house ECA International. "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," said Lee Quane, regional director of Asia at ECA International. Inflation is likely to be 3 percent this year, and the government wants to keep it below 4 percent next year, Prime Minister Nguyen Xuan Phuc said in a report to the National Assembly last month. According to the World Bank, Vietnam's productivity growth of 5.7 percent in 2015-17 outpaced other Southeast Asian countries and was second only to China at almost 7 percent. Asian countries occupy the top five spots in the global … [Read more...] about Vietnam global second in salary growth: report
World bank
Viettel honored as Vietnam Mobile Data Service Provider of the Year
To get the title, the company has had a high growth rate of data subscribers, good diversity of services, large scope of supply, big infrastructure investment and healthy telecommunication ecosystem. Speaking at the awarding ceremony, Cao Anh Son, CEO of Viettel Telocom, said that the title means the recognition by the international community of Viettel’s digital transformation strategy. "We will continue to make more efforts to bring the best products and services to our customers, not just data services," he added. Cao Anh Son, CEO of Viettel Telocom receiving the award In Vietnam, the telecommunications market is gradually becoming saturated due to large mobile coverage and the strong growth of data consumption. As the network provider with the biggest 3G and 4G infrastructure networks with more than 70,000 base transceiver stations, Viettel Telecom also has the largest number of 3G/4G subscribers, especially 4G subscribers. In the first 9 months of 2019, … [Read more...] about Viettel honored as Vietnam Mobile Data Service Provider of the Year
Local shares to fluctuate due to lack of good news
Photo shows Vinamilk's cattle farm in the southern province of Tay Ninh. Dairy firm Vinamilk (VNM) was among the top 10 stocks that negatively affected the VN-Index last week. — VNA/VNS Photo Le Duc Hoanh Shares look set to fluctuate next week due to a lack of supportive information and cautious sentiment triggered by a mixture of news from the world market, brokerages have predicted. On the Ho Chi Minh Stock Exchange, the VN-Index dropped 0.22 per cent to end Friday at 1,010.03 points. The southern index lost a total of 1.2 per cent last week. An average of 288.4 million shares were traded on the southern bourse last week, worth VND5.1 trillion (US$218 million). According to VNDirect Securities Corporation (VNDS), the VN-Index will fluctuate between 1,010-1,050 points in the second half of the fourth quarter this year. With a lack of supportive information, the stock market may not witness a strong uptrend like from August 2017 to April 2018, during which the VN-Index reached … [Read more...] about Local shares to fluctuate due to lack of good news
Malaysia’s pledge to embrace automation, e-payments and Industrial Revolution 4.0 tops employment needs in 2020
KUALA LUMPUR, MALAYSIA - Media OutReach - 18 November 2019 - Steering Malaysia in the direction of progress in the decade ahead is the constant drive towards a cashless society and all the industry sectors and employment skills required to support this.Details from the Michael Page Malaysia Salary Benchmark 2020 highlights that fintech is growing at an accelerated rate in Malaysia therefore demand for tech-savvy professionals with experience in e-money and blockchain technologies is strong.When it comes to automation and digital transformation, Malaysia remains ahead of the majority. Nic Chambers, Regional Director of Michael Page Malaysia comments, "In recent research from the World Economic Forum, Malaysia ranks third in the world for companies embracing disruptive ideas and fourth overall for its entrepreneurial culture. The local business community enjoys the benefits of government initiatives such as the Industrial Revolution 4.0 which promotes automation and attracts … [Read more...] about Malaysia’s pledge to embrace automation, e-payments and Industrial Revolution 4.0 tops employment needs in 2020
Vietnam’s role in reshaping Asian supply chains is growing: HSBC
While the recent trade tensions have merely accelerated the movement of supply chains to Vietnam, they were not the trigger. Vietnam’s role in Asian supply chains has been increasing for years and is set to expand further, according to HSBC’s report. For instance, around 60% of Samsung’s smartphone production is in the country (not just assembly, but some parts, too) and the company is setting up an R&D center there. The South Korean’s tech giant ceased nearly all smartphone production in China this year. Its subsidiaries Samsung SDI, Samsung Electromechanics and Samsung display have factories in Vietnam, too. Another example is in the auto industry, where Vinfast, part of Vingroup, is making a name for itself. HSBC considered Vinfast stand out in terms of Vietnamese brand execution and it arguably has among the most automotive plants in the region. “The cars produced at the Vinfast facilities were impressive,” stated the report. And it has … [Read more...] about Vietnam’s role in reshaping Asian supply chains is growing: HSBC
