Vietnam'S Minimum Wage Will Increase By 15% In 2015.

Prime Minister Ranjig (Nguyen Tan Dung) has approved the new minimum wage standard for 2015.

In urban areas, including Hanoi and Hu Zhiming,

It will float up to 14.8%, reaching $145 per person, while floating in other parts of Vietnam is relatively small.

Observers think Vietnam

The minimum wage adjustment is optional in order to allow manufacturers to give priority to rural areas.

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In 2014, China once again established the status of the world's largest number of luxury goods consumers. According to the latest estimates of the Italy Luxury Association (Altagamma), despite the slowdown in China's economy this year, its contribution to global luxury goods sales still stands at 29%, including consumption at home and abroad.

Not only China, but also those cities with large population base have the potential to become new engines of luxury consumption: Manila, Singapore, Jakarta, Seoul and Bangkok, etc. the Credit Suisse analyst in Switzerland gives the following data:

The annual sales growth of luxury goods in Bangkok and Manila has reached 20%-30%, one of the destinations for Chinese tourists. Bangkok is likely to become the next Hongkong.

Since 2007, luxury consumption in Indonesia has increased by more than 2 times, and now is as high as 1 billion 200 million US dollars. Because people often call Indonesia and neighboring Singapore "Singonesia", considering the strong purchasing power of Singapore, the total consumption of luxury goods in 2018 is expected to be as high as 8 billion US dollars.

As a big consumer of traditional luxury goods, luxury sales in the United States are expected to grow in double digits. This is mainly due to the stable economic development in China. The vast majority of the rich and overseas tourists, such as Brazil tourists, have a strong demand for shopping (Brazil's domestic luxury goods tax burden is much higher than that of China).

It is worth mentioning that the United States has a total of 442 more than one billion U.S. dollars or more of the millionaire, four times the mainland China.