The cost of growth

Southeast Asian wages fast approaching China levels

Workers sew garments at a foreign-owned factory outside Hanoi on Aug. 19. Rising labor costs may force overseas companies to rethink their Southeast Asian investment strategies. © Reuters

ATSUSHI TOMIYAMA, Nikkei staff writer

HANOI (Nikkei) -- Southeast Asian labor costs are surging in line with the region's relatively strong economic growth, with minimum monthly wages in Indonesia, Vietnam and Cambodia set to increase by 20-30% in 2015 from a year earlier. Minimum monthly wages in major Indonesian cities will rise b...