Realistic Amount of money to relocate to Vietnam

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

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 ]

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

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

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.

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

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???  :cool:

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 :D.
I dont know if I understand right :D. Many foreigners come here, they "enjoy" life a lot, so they lost so much money for that :D?



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