NarraPulse

Cost of Living in Vietnam

April 25 , 2021 by: Annie Tran

While living in Vietnam is relatively cheap, your cost of living may differ depending on where in Vietnam you decide to reside in and your lifestyle you choose. Living in larger cities such as Ho Chi Minh will cost more than living in smaller cities like Da Nang.

The official currency in Vietnam is the Vietnamese dong (VND). Some currency exchange includes:

If you are considering moving to Vietnam, it is important that you know more about the cost of living there. Read on to find out more!

Housing

Vietnam is able to accommodate various expats, from those wanting to live on a budget to those wanting to live a luxurious lifestyle. Similar to other countries, rent for housing depends on where you decide to reside in.

For a one-bedroom apartment, the rent can cost from VND 9,140,000 to VND 10,800,000.

If you want to live on a budget, you can consider a shared apartment. In this form of housing, you will live with other housemates where you will have your own room and bathroom but share a kitchen.

Alternatively, you can opt for a serviced apartment or a studio. These apartments will be more costly than a shared apartment, but you will have the whole space to yourself. Do note that serviced apartments are often only available in larger cities in Vietnam, such as Ho Chi Minh City and Hanoi.

 

Hanoi, Vietnam, photo by Ngo Tuan Anh on Pixabay

Food

Eating out is generally inexpensive in Vietnam. They can cost VND 50,000 on average (USD 2) and can go up to VND 80,000 depending on which restaurant you choose to dine at. Tipping is also not needed after dining, but restaurants may add VAT and service charge separately.

Cooking at home in Vietnam is also affordable, especially doing your groceries at local markets. If you are on a budget, purchasing local produce is a way to reduce your spending costs while supporting local.

Hanoi, Vietnam. Photo by Leon Ting on Pixabay

Transport

In Vietnam, a popular way of transportation is by motorbike. In major cities like Ho Chi Minh and Hanoi, over 50% of residents there own a motorbike. Motorbikes are the quickest way to get around in Vietnam, faster than a car and their public transport services. You are able to buy and rent motorbikes in Vietnam for cheap too.

While not the safest way to get around the city, bicycles can also be a cheaper alternative. However, do note that there are no bike traffic lights or lanes in Vietnam, and most motorist ignore traffic lights.

Healthcare

In Vietnam, healthcare is not free, and you will need to arrange private healthcare insurance before moving there. As public hospitals are not always well equipped, many expats tend to opt for public healthcare services.

To visit a private GP in Vietnam can cost you an average of VND 1,300,000. Do note that hospital costs can vary.

Vietnam is definitely a popular destination for expats and it is relatively easy to live here on a budget. It is also relatively safe to live in Vietnam, however you should lookout for motorists driving when out. As mentioned, the cost of living in Vietnam differs depending on where you reside and the lifestyle you decide to live. The cost of living in smaller cities such as Da Nang, Hoi An, Nha Trang and Vung Tau can be about 20% less than living in Vietnam’s major cities.

 

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