hello ExB
im in the daydreaming/planning stage of my Vietnam retirement.
ive been to HCM (a few times) and also surroundings like Mekong Delta and Vung Tau.
ive also been reading and researching a few forums i can find on the net (mostly conflicting and outdated).
if possible, i would like to throw out a bunch of questions, impressions and perceptions -- looking for community soundboard.
DANANG VS NHA TRANG
my preference is DN since it seems more of a city first with a great beach/coastline attached.
rather than NT which seems a beach first, then a town secondary which compliments the beach
ideal would be a quiet beachy area a few km from the main busy zone but still have amenities and convenience
DN seems slower paced as well so i may one day man-up and get a scooter.
weather seems better in NT (cooler, less monsoony) .
i guess could split 80/20 between the two, which leads to housing...
HOUSING
i think the practical thing to do is rent for a year or two and take my time looking around.
when renting a house/unit for a year or more, do i just need to plop down cash or do i need a business VISA or other reqt???
im reading $400 - $600/month is enough to secure a great unit but a lot of the ads here are mostly above $1000.
i guess its best to get boots on the ground and look myself??? anybody with good experience with a local agent???
how about beaches 20km NORTH of NT (like Bai Dai/Long Beach or Ba Ho/3 lakes)
or even 60km NORTH of NT (Doc Let Beach Resort) --- maybe not enough infrastructure???
but i do have a dream to own a beach house someday/somewhere
VISA
can i just keep renewing that 3 month Tourist visa within VN, or is there another type of VISA thats more flexible?
i read about Business VISA... are there any benefits to this (ie. renting and banking) ??? if so, is it easy to get???
If i put some money into the VN stock market is that enough to satisfy the Business VISA?
i would love to remain Canadian but stay in VN 90% of the time.
do we become residents after a certain period without affecting other citizenships???
anybody with good experience with a local agent???
BANKING
so much confusion out there about wiring/transfering funds back and forth between VN/Canadian banks..
any recommended bank combinations that does this smoothly???
i just want to wire a chunk of CAD (greater than $10k) over to my VN bank which will autoconvert to DONG .
scrape off whatever interest for day to day expenses
at the end, wire DONG back to Canadian Bank which will autoconvert to CAD (greater than $10k)
i read somewhere that savings accounts in VN get 8-10% interest... thats huge!!
MISC INFO
i am in my mid forties and feel the time is ripe to break free from the daily grind.
im coming in clean --- ie. no VN language skills, no VN business, no VN wife/gf, no award from VN govt.
just myself (hopefully my dog) a Tourist VISA and hopefully enough cash to last a few decades.
Thanks for reading this novel