The Hanoitimes – The base wage is the reference for calculating salaries of employees in the state-run sector by multiplying with their corresponding coefficient. The Vietnamese National Assembly (NA) on November 12 approved a government proposal to raise wages for civil servants by 7.3% from July 1, 2020, local media reported. Accordingly, the monthly base wages […]
Read MoreDBS analysts are expecting the euro to keep underperforming against the Singapore dollar, according to a research note released by the bank on Thursday. “Having broken its 1.52 support in September, EUR-SGD is looking to fall below the psychological support at 1.50. With the Fed having completed its mid-cycle adjustment after its third rate cut […]
Read MoreThe emerging economies of Vietnam and Thailand both saw significant real salary increases, placing them in the global top five, with increases of 5.1% and 4.1% respectively, according to a report by ECA International. “Workers in Vietnam and Thailand will both see further increases to their salaries as the nominal salaries expected to be given […]
Read MoreThe Hanoitimes – The FDI sector posted exports of US$149.83 billion in the January – October period, up 4.8% or US$6.93 billion year-on-year, accounting for 68.5% of Vietnam’s exports. Vietnam recorded a trade surplus of US$1.86 billion in October, leading to a surplus of US$9.01 billion in the first 10 months of 2019, up 23% year-on-year, […]
Read MoreThe Finance Ministry plans to adopt blockchain-based value-added tax (VAT) refund service for foreign tourists, starting from the end of this month. The blockchain technology for VAT refunds should speed up the process for tourists as details of their purchases will be immediately shared with the Revenue Department and the Customs Department once shops key […]
Read MoreDespite massive efforts to improve the English language skills of its people, Cambodia still lags behind much of the world. The annual English Proficiency Index, released this week, ranked the Kingdom 94th out of 100 countries included in the study. Cambodia was in the ‘very low’ proficiency category together with 29 other countries, mostly from […]
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Thailand
