Recently, a Global Risk Management Survey conducted by Aon, a professional services firm headquartered in London, revealed the trend of salary increases in six Southeast Asian countries next year. According to the survey results, the salary levels of these six countries are expected to rise generally next year, with Vietnam having the highest salary increase of 6.7%, and Singapore ranking last with 4.4%.

This survey is conducted intwo thousand and twenty-fourDuring the period of July to September, Aon Group collected a large amount of data from over 950 companies in six Southeast Asian countries and conducted in-depth analysis. The results show that the salary growth rate of the six Southeast Asian countries is expected to be higher next year than this year, and inflation and interest rates are expected to decline in the future. This trend reflects the sustained economic growth and prosperity of the labor market in the region.

Among the six Southeast Asian countries, Vietnam has the highest salary increase, mainly due to the country's rapid development in manufacturing and technology in recent years. With the increase of foreign direct investment and the expansion of export markets, Vietnam's labor market has become increasingly tense and competitive. In order to attract and retain talent, Vietnamese companies have had to raise their salary levels, which has driven rapid salary growth.

Following closely behind is Indonesia, with a salary increase of 6.3%. As one of the largest economies in Southeast Asia, Indonesia has a huge population and abundant natural resources, and its economy continues to grow steadily, providing a solid foundation for the prosperity of the labor market. With the continuous development of the country's economy and the upgrading of its industrial structure, the salary level is expected to continue to maintain a growth trend.

The salary increase in the Philippines is 5.8%, ranking third. As one of the important labor exporting countries in Asia, the Philippines has maintained a high level of vitality in its labor market. In recent years, with the continuous development of the domestic economy and the rise of the service industry, the salary level in the Philippines has also significantly increased.

The salary increases in Malaysia and Thailand are 5% and 4.7% respectively, ranking fourth and fifth. Both of these countries are important economies in Southeast Asia, with relatively complete industrial systems and strong economic strength. With the sustained development of the domestic economy and intensified competition in the labor market, wage levels in these two countries are expected to continue to grow.

In contrast, Singapore has the lowest salary increase rate, only 4.4%. Although Singapore is one of the most developed economies in Southeast Asia, its wage growth is relatively slow. This is mainly due to Singapore's relatively mature and stable labor market, as well as the government's strict regulation of the labor market. However, with the continuous development of Singapore's economy and the rise of the technology industry, future wage levels are expected to continue to grow.

In addition, the survey also shows that wage growth varies across industries in Southeast Asia. Among them, the salary budget for technology and manufacturing industries has the highest increase, reaching 5.8%; The retail, consulting, commercial and community services, as well as life sciences and medical equipment industries, will also achieve a growth of 5.4%. The salary growth in industries such as energy, financial services, and transportation is relatively low.