Your question: How much do foreigners make in Vietnam?

A 2018 HSBC survey found that, taking all professional fields into consideration, the average annual expat income in Vietnam is $90,000 US.

What is a good salary for an expat in Vietnam?

Expats working in Vietnam are currently enjoying over $90,000 in average annual income, with the country scoring in the 19th place for best countries to live and work and the first place when it comes to saving more and having more disposable income.

What is a good salary in Vietnam?

While there are some older expats and families, the majority of expats in Vietnam are in the 18-35 age group. Average Local Salary: The average monthly salary of a worker in Vietnam is about $148 per month; those in high paying jobs bring home around $500 per month.

How much does the average person in Vietnam make?

Wage and salary in Vietnam are very dissimilar across occupations and contrast starkly between urban and rural areas. The average wage per person in Vietnam is around 3.45 million VND ($150) a month and differentiated by many factors.

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Is 3000 USD a good salary in Vietnam?

3,000 USD per month is plenty of money that will give you a comfortable life in Saigon so no worries. A nice 1-bedroom apartment will be around 600 usd and 2-bedromm will be around 1000 to 1200 usd depends. The rest is for food, dating and other small expenses.

How much money is considered rich in Vietnam?

You’re usually considered well-off (upper middle class) if your wage is around 30 million VND/month, or about 15 500 USD/year. If your wage is around 50 million VND/month, or about 25 788 USD/year, then you’re firmly in the rich zone.

How much is a house in Vietnam?

The average home in Vietnam costs approximately $4,500. Monthly rent varies, but the average cost is about $650, and this price often includes utilities. While violent crime rates are fairly low across Vietnam, many cities experience a high rate of property-related crimes, such as petty theft and burglary.

Is it cheap to live in Vietnam?

Vietnam is an inexpensive country to live in. Most items cost less than half of what you would pay in the West, and anywhere from 5% to 25% less than what they would cost in many other Southeast Asian countries. Vietnam’s most expensive city is Ho Chi Minh City, followed by Hanoi.

Will I be 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. This number is projected to reach 25,812 in 2025.

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Can foreigners live in Vietnam?

Vietnam has become increasingly popular as an expat destination in recent years and it is now recognized as a safe place for foreigners to live and work. Expats are attracted by the nice weather, low cost of living, lively culture and the steady improvements in Vietnam’s infrastructure.

Is Vietnam a bad place to live?

According to the 2019 Global Peace Index, Vietnam ranks 57th out of 163 countries in safety—well above the United States in the 114th position. In today’s Vietnam, violent crime is rare.

Can foreigners buy property in Vietnam?

The law on land ownership in Vietnam is valid for all types of property. A foreign owner can purchase an apartment, house, villa or land. Foreign individuals and foreign entities cannot hold more than 30% of the shares of a building or more than 250 properties in the same district.

Is Vietnam a poor country?

Vietnam is now defined as a lower middle income country by the World Bank. Of the total Vietnamese population of 88 million people (2010), 13 million people still live in poverty and many others remain near poor. Poverty reduction is slowing down and inequality increasing with persistent deep pockets of poverty.

What is the highest paying job in Vietnam?

The top 5 currently highest paid jobs in Vietnam

  1. Finance/Investment. Finance and investment were the fields that have the highest salary according to the report of VietnamWorks 2019. …
  2. Banking. …
  3. Programmer and Information Technology Industry. …
  4. Construction engineer. …
  5. Marketing.

What is considered upper class in Vietnam?

As of 2016, Vietnam boasts the world’s fastest growing percentage of ultra-high-net-worth individuals, which they define as those having a net worth of at least USD 30 million.

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What is a good salary in Ho Chi Minh City?

According to a recent study by Vietnamworks, Ho Chi Minh City has the highest monthly average salary in Vietnam at US$ 456 (VND 10.37 million), 38 percent higher than the national average.