Realistic Amount of money to relocate to Vietnam

Member since 21 November 2014

IwonderMember06 April 2015 08:31:51

Hi Guys,

I know this is one hard question maybe expats in a similar situation to me can answer help answer the questions, I am really tossing up how much money I should have in savings prior to attempting to relocate to Vietnam I am looking at staying 1-2 years and coming across with $30,000 in savings is that enough, well really end up with $20,000 which you will see below.

My plan is firstly to buy a motorbike to keep and travel 2-3 months in Vietnam from South to North via mountains and then North to South via the coast, I am budgeting $500 - $700 for a reliable motorbike (including getting it looked over serviced etc) and $50 a day for accommodation, food, petrol so 90 days x $50 =$4500 + $500 = $5200 so remaining just under $25000.

My plan after that is to stay in Ho Chi Minh as I have a contact there who can get me a job teaching English but the location could be anywhere in Vietnam which I don't mind as I like new destinations but if this doesn't work out for 2-3 months or I wait for a better location then I need to use my savings so stay in Ho Chi Minh so $1500 a month x 3 months = $4500 before I get an income leaves approx $20,000.

I am someone that can sit on the streets of Ho Chi Minh relaxing having 2-3 beers and just talking or taking in the views, I am not big at partying but like exploring / walking and finding new exciting things to do I will be mainly eating local food to save on money.

I guess my question is did expats who come over initially for travel but ended up staying did you have alot in savings? or did you rely on getting a job and if you ran out of money did you just go back to your home country, I want put myself in a position to make relocating to Vietnam as successful as possible without having to worry about running out of money and have to come back to Australia early.

Thanks

Thanks

sensesofvietnam Contributor

Member since 11 March 2014

sensesofvietnamContributor06 April 2015 09:29:31

149

Generally, I think you have a good plan. By travelling around the country you will get a feel about where you want to stay for long time. In HCM city the expenses can be big then if you choose a smaller city. But then again not much thing to do and work may not be so available in a smaller place. My experience for example in HCM or Hanoi my budget come up to be close to $2000 a month. However this depends on individual lifestyle and standard of living. Just for comparison I have live comfortable in smaller towns in Vietnam for example Quang Ngai, Can Tho, Quy Nhon for under $1000. On your travel along the eastern coast you need to check out Quy Nhon. [ Moderated by Priscilla : No free ads for your own blog here ]

simon.1711 Active member

Member since 01 March 2014

simon.1711Active member06 April 2015 09:39:27

I think you have to consider how you are going to carry such a large amount of money while you travel around on a motorbike? I don't think a bank will accept a cash deposit of USD30,000

Iwonder Member

Member since 21 November 2014

IwonderMember06 April 2015 10:00:18

Thanks senseofvietnam I am reading your blog now I like it

I'm not carrying cash I mean it will be in a savings account that I transfer to my bank account and use at ATM never carry that much around on a bike lol

sensesofvietnam Contributor

Member since 11 March 2014

sensesofvietnamContributor06 April 2015 10:31:11

149

If is not for work or business, I think Quy Nhon rank a very good place to live a real Vietnam coastal life. Not a village and big enough but away from Nha Trang and Da nang . Is a place that once you been you would not forget.

l3ully Banned

Member since 11 December 2011

l3ullyBanned06 April 2015 10:31:20

830

Always calculate like this: In Vietnam it is easy to become a Millionaire if you are a Billionaire

benhungto Guest

benhungtoGuest06 April 2015 11:18:34

l3ully wrote:
Always calculate like this: In Vietnam it is easy to become a Millionaire if you are a Billionaire

Haha US$ millionaire or VND millionaire???

ngattt Serial expat

Member since 04 August 2014

ngatttSerial expat06 April 2015 15:06:15

922

l3ully wrote:
Always calculate like this: In Vietnam it is easy to become a Millionaire if you are a Billionaire

Hahaha, you made me laugh a lot .
I dont know if I understand right . Many foreigners come here, they "enjoy" life a lot, so they lost so much money for that ?

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