How much does it cost to live in Vietnam per month
Cost of Living in Vietnam: $700 to $1,400 per month
$700 on the low end of the range, up to $1,400 for mid-range expats. This averages living costs across many months—you may spend more getting set up, but many expats average $1,000 per month.
How much money should I bring to Vietnam for a month
For a more comfortable backpacker experience in Vietnam, it's best to budget around $50 per day. This way, you'll have more money to spend on things like food, drinks, activities and hotel rooms. For a comfortable mid-range experience in Vietnam, it's best to budget $60 to $100 per day for your entire costs.
Is Vietnam the cheapest place to live
The bottom line is that Vietnam is a very cheap place to live, compared to Western countries. Better still, as an expat in Vietnam, you can expect to earn a high salary if you work in the country's emerging technology and services scene. The average expat salary in Vietnam is around US$78,000/£55,000.
How much does it cost to live rich in Vietnam
An individual in Vietnam now needs a net wealth of $160,000 to join the so-called '1 percent club' of the richest people in the country of 98 million. There were 19,491 people with a net worth of $1-30 million last year, down 6 percent from 2019.
Can you live on $1000 a month in Vietnam
💥 Cost of living in Vietnam (in 2022) : average in USD
Plan a minimum budget of $700/month if you are young or do not spend a lot. Your expenses may be up to $1,000/month if you want to be able to travel, enjoy the nightlife a bit more.
Is it cheaper to live in Thailand or Vietnam
The average cost of living in Thailand ($876) is 36% more expensive than in Vietnam ($643). Thailand ranked 90th vs 139th for Vietnam in the list of the most expensive countries in the world. The average after-tax salary is enough to cover living expenses for 0.7 months in Thailand compared to 0.7 months in Vietnam.
How long will $10,000 dollars last in Vietnam
So you can live 6–12 months with 10k USD in Vietnam if you choose to live in Hanoi or HCM.
Which city is cheapest in Vietnam
Most affordable cities in VietnamTra Vinh. Out of 63 provinces and cities in Vietnam, Tra Vinh is the least expensive place to live, with a rate of 87.6% compared to Hanoi.Hau Giang. The province lies downstream of Hau River, amid an interlaced network of rivers and canals.Soc Trang.Ben Tre.Quang Tri.
Is 500000 Dong a lot of money in Vietnam
Par value of 500,000 VND
The current converted value is equivalent to about 21.4 USD. This is a banknote easily confused with much lower denominations: 20,000 VND. So, if you are still not good at using Vietnamese currency, you should spend some extra attention when using two par value of 20,000 VND and 500,000 VND.
Is 500000 dong a lot of money in Vietnam
Par value of 500,000 VND
The current converted value is equivalent to about 21.4 USD. This is a banknote easily confused with much lower denominations: 20,000 VND. So, if you are still not good at using Vietnamese currency, you should spend some extra attention when using two par value of 20,000 VND and 500,000 VND.
Is 1 million dong a lot in Vietnam
While that's technically true, having a million đồng does not make you wealthy. At the time of this writing, for example, 1 million đồng is worth about $43 U.S. dollars. That is roughly the amount that a tourist would spend per day vacationing in Hanoi.
Which city is cheaper in Vietnam
Hanoi – the Vietnam's cheapest city for backpackers is also one that gets high marks from most visitors with its unique combination of French colonial and Asian post-communism.
Is Vietnam richer than Thailand
In terms of GDP per capita, for many years, Thailand's GDP has always been larger than that of Vietnam. Specifically, in the period 2018-2021, Thailand's average GDP (7,800 USD/year) is about 3 times that of Vietnam (2,740 USD/year).
Is 1 million Dong a lot in Vietnam
While that's technically true, having a million đồng does not make you wealthy. At the time of this writing, for example, 1 million đồng is worth about $43 U.S. dollars. That is roughly the amount that a tourist would spend per day vacationing in Hanoi.
Is Vietnam as cheap as Thailand
When it comes to affordability, both Thailand and Vietnam are relatively inexpensive compared to many other destinations. However, in general, Vietnam is considered to be a more budget-friendly option than Thailand. Accommodations, food, and transportation are all cheaper in Vietnam, especially in rural areas.
What is the richest city in Vietnam
Ho Chi Minh City
Ho Chi Minh City (HCMC), also known as Saigon, is generally considered the wealthiest city in Vietnam.
What is considered rich in Vietnam
The average wealth of people in the top 5% of the richest population in 2021 is 316,658 USD (equivalent to 7.8 billion VND), top 10% richest is 181,132 USD (equivalent to 4.1 billion VND). Meanwhile, the average wealth of the poorest 50% of the population is only 3,429 USD (nearly 78 million VND).
What is a high salary in Vietnam
The salary range in Vietnam is 4,360,000 VND/month (minimum salary) to the highest average of 76,900,000 VND/month (actual monthly salary may be higher). These figures are inclusive of bonuses.
Who is considered rich in Vietnam
The list of the six richest persons in Vietnam includes Pham Nhat Vuong with 7.5 billion USD, followed by Tran Dinh Long 3.1 billion USD, Ha Hung Anh 2.6 billion USD, Nguyen Thi Phuong Thao 2.5 billion USD, Nguyen Dang Quang 2.2 billion USD, and Tran Ba Duong 1.6 billion USD.
Is Thailand safer than Vietnam
If you're wondering if Vietnam is safer than Thailand, in a manner of speaking, yes. Vietnam has a lower crime rate than Thailand, and is generally considered to be a safe destination for travelers. Thailand, on the other hand, has a slightly higher crime rate, but is still considered to be a relatively safe country.
What is the poorest city in Vietnam
Meanwhile, the top ten provinces and cities with the highest poverty rates consist of Dien Bien with 34.5%, Son La 28.6%, Lai Chau 27.9%, Ha Giang 25%, Cao Bang 24.5%, Bac Kan 20.65%, Kon Tum 20.65%, Gia Lai 16.9%, Lao Cai 14.8%, and Yen Bai 14%.
Is Hanoi or Ho Chi Minh richer
The former southern capital, renamed Ho Chi Minh City but still widely known by its pre-war name, contributes almost a quarter of the country's gross domestic product and the market capitalization of its stock index is seven times Hanoi's.
Is 2000 usd a good salary in Vietnam
I suggest that you start looking for jobs at least 3 months in advance before making a move to the country. Don't be scared if you're single and get an offer of USD 2,000 to USD 3,000, as this is considered to be a good salary in Vietnam, especially if you have no local work experience.
What is the middle class salary in Vietnam
Vietnam's middle class population – currently at 10% – is believed to be the fastest growing in Southeast Asia. The middle class earning USD 714 a month or more in Vietnam will double to 33 million people, about a third of the population, between 2014 and 2020, according to Boston Consulting Group.
What is the 1% income in Vietnam
To make it into the group of the top 1 per cent in terms of wealth in Vietnam, according to Knight Frank, Vietnamese people need to own $160,000. This figure is $2.9 million in Singapore; $540,000 in Malaysia; and $60,000 in Indonesia and the Philippines.
