ASEAN wage hikes worry industries benefiting from supply chain shift
TOKYO/MANILA/BANGKOK/KUALA LUMPUR -- Southeast Asia's major manufacturing hubs are raising their minimum wages in the second half of this year, potentially forcing companies to rethink their strategies as the region draws more investments and becomes a larger part of the global supply chain.
This month, the minimum wages across Vietnam rose an average of 6%. In big cities like Hanoi and Ho Chi Minh City workers are now guaranteed 4.96 million dong ($193) per month, about 80% more than a decade ago.