½ûÂþÌìÌÃ

Menu
½ûÂþÌìÌÃ

High USD making Vietnam more expensive?

Post new topic

travelsoulja

Anybody else feeling the effect of the strong USD?  Vietnam is not "cheap" anymore

See also

Living in Vietnam: the expat guideGetting an IRS tax number (ITIN) for new Vietnamese spouseNew members of the Vietnam forum, introduce yourselves here - 2025Common songs known in VN for KaraokeExperiencing ageism from young expats
khanh44

High USD is good if you're American. Not good for Canadians like me. Last year I got $19k dong for $1 CDN and 2 years before got $22k dong. Now I get less than $17k dong per CDN dollar.

Festeem

Look at the Euro. No more money transfers my site. I have income from apartments, so not a big deal. But for sure, no more euro's my site.

series7

Opposite is true. 21000 dong to the $. If your looking for a more inexpensive cost of living Thailand has the best value for your money. Phuket Thailand a new one bedroom condo can be had for about $45000.

Happy8888

Aud 15900 -$1 , reckon you've got problems ??

Joss15

Today November 24th, $1 = VND 22680

Joss15

In 2011 VND was 19500 each $, now is 22680. No big difference if you live in Vietnam, the only big one is when you transfer money from VN to outside, you get less $.
Cost of life in VN doesn't grow so fast as many other countries, the big difference is given by inflation, still too high.
In 2012 an house in Hoi An where I stayed few months were costi $500 per month, now same house is $350 per month.

michaellieptourists

We are comparing Dong to AUD, we are getting about 15,800...
With the devaluation, we see here in Saigon and in Danang, how the prices are going up whether food, drink, hotel prices, airline tickets...
This is reducing tourism numbers and as you say, Vn is no longer a cheaper destination...
Air fares from Aus to Vn are similar to the US...
If you want a good laugh, have a look at Airbnb's prices...

gobot

Sorry to mention it, but Vietnam is 5% cheaper now than a year ago for Yanks *. Hanoi tries to make the dong loosely track the USD, but they have devalued it about 5%, I assume for their exports. The problem is that your guys home country currencies are losing even _more_ than 5%, so that to you it seems like the dong is going up!
Euro from ~ 26.600 to 24.000, about -10%
AU$ from ~ 18.200 to 16.300, about -10.4%
Crazy year.
* rate source: XE iphone app for commercial bank rates not ATM rates

Articles to help you in your expat project in Vietnam

  • Dating In Vietnam
    Dating In Vietnam

    If you're considering moving to Hanoi, or Ho Chi Minh City, the dating scene may be of interest to you. ...

  • Making phone calls in Vietnam
    Making phone calls in Vietnam

    The telecommunications sector in Vietnam has flourished throughout the past two decades. Like many foreigners, ...

  • Moving to Vietnam with your pet
    Moving to Vietnam with your pet

    If you are planning to move to Vietnam with a pet, there are a number of formalities that have to be completed ...

  • Driving in Vietnam
    Driving in Vietnam

    Vietnam is known for four categories of lush and diverse landscapes, and one of the easiest ways to see firsthand ...

  • Getting married in Vietnam
    Getting married in Vietnam

    Have you met that perfect someone who you want to spend the rest of your life with? Luckily, getting married in ...

  • Sports activities in Hanoi
    Sports activities in Hanoi

    We know there's a lot of attention on the drinking culture in Hanoi, but what about the options for a healthy ...

  • The most popular neighbourhoods in Hanoi
    The most popular neighbourhoods in Hanoi

    Formerly known as Thang Long, Vietnam's present capital city was renamed Hanoi in 1831. This enchanting, ...

  • Working in Vietnam
    Working in Vietnam

    Anyone thinking about working in Vietnam is in for a treat. Compared to many Western countries, Vietnam's ...

All of Vietnam's guide articles