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Bangkok Post
Bangkok Post
Business

THE TRUTH ABOUT: Asian sea aai consider relocation if wages rise - Caught on Camera

AAI SET Minimum Wage Philippines Vietnam
Somsak: Wage hike could lead to exit

SET-listed Asian Sea Corporation, a Thai frozen food producer, and its subsidiary Asian Alliance International (AAI) are ready to move their production base to Vietnam or the Philippines if the new coalition government raises the daily minimum wage to 450 baht.

President and chief executive Somsak Amornrattanachaikul said the group is preparing to relocate its production and investment bases to Vietnam or the Philippines to expand production capacity if the daily minimum wage is increased to 450 baht.

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