2019-02-02

The Labour Market in India: Structure and Costs

Hiring costs in IT and auto manufacturing

Information technology (IT) and auto manufacturing are the two most prominent sectors in India’s organized economy – they receive the bulk of foreign investment and are the biggest employers. The IT sector in India accounts for 67 percent of the global outsourcing market. While the overall manufacturing sector constitutes about 17 percent of India’s economy, automotive manufacturing is the largest contributor at 22 percent of the manufacturing GDP and seven percent of India’s overall GDP.

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2019-01-31

Hiring Mid-Level Managers in Vietnam

Investors in Vietnam are often surprised to learn that their biggest hiring challenge comes during the selection process for mid-level management. Mid-level managers in Vietnam play a crucial role in functions such as staffing, dispute resolution, and employee retention. Foreign companies are often ill-equipped to manage these challenges on their own and can find the costs of increasing turnover and labour discounting to be a significant constraint on time and resources.

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2019-01-23

Electronic Imports in India, Minimum Wages in Vietnam – China Outbound

ASEAN BRIEFING

A weekly round up of news affecting foreign investors throughout Asia by Dezan Shira & Associates.

Import Procedures in ASEAN
The article briefly explains the import procedures in Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand, and Vietnam.

INDIA BRIEFING
India Mandates BIS Certification for Import of IT and Electronic Products
Importing electronics and information technology (IT) products without Bureau of Indian Standards (BIS) registration is now prohibited in India.

The country is tightening quality controls for electronic products to curb the rising import of cheap electronic items, in particular from China, and boost local manufacturing under its Make in India program.

RUSSIA BRIEFING
Russia Swaps US Dollar for Chinese RMB; Holds 25 Percent of Global Reserves
Russia is making a strategic shift in its reserves towards holding fewer dollars and more assets in other currencies, especially the RMB and Euro.

On the trade aspect, this makes sense, Russian trade with the US is close to zero, while with China it has been expanding fast – there are suggestions of it hitting US$200 billion in five years – a 20 percent increase year-on-year, every year from now.

VIETNAM BRIEFING
Vietnam Hikes Minimum Wages by 5.3 Percent in 2019
Vietnam’s National Wage Council has increased the minimum wage by an average of 5.3 percent in 2019.

The hike, which is the lowest compared to previous years, will increase the minimum wage in the four regions by US$7-9 per month.

In 2018, the increase was 6.5 percent, while in 2017 the minimum wage was hiked by 7.3 percent.

2019-01-01

Contesting Penalties imposed by the immigration authorities in Russia.

Article by Marina Akeeva, Labour Practice Consultant, Brand & Partner 

The article focuses on contesting penalties imposed by immigration authorities. The article examines specific aspects of jurisdiction in disputes with immigration authorities if the company is to be held liable.

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2018-12-14

Minimum Wages in China 2018-19

Minimum wages in China continue to grow. Through the first 11 months of 2018, 15 provinces, directly-controlled municipalities, and autonomous regions have increased their minimum wages: Beijing, Guangdong, Guangxi, Hainan, Henan, Jiangsu, Jiangxi, Liaoning, Shandong, Shanghai, Shenzhen, Sichuan, Tibet, Xinjiang, and Yunnan. One more region – Chongqing – has already announced its wage increase for 2019.

Last year – a politically important one – 20 out of the 31 regions in mainland China increased their minimum wages. In 2016, only nine regions increased their wages, while 19 did so in 2015.

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2018-10-17

Key capabilities of German firms in Nigeria

This study was done by Africon

Efforts by the German firms can be supported by strong partners – leaving all the work to these partners is however not enough.  Interestingly, factors such as adapting products to local needs, lobbying the German or Nigerian government, as well as attending Nigeria focused trade shows did not have a significant impact.

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