Cost of Living in Vietnam

The cost of living in Vietnam is relatively low, making it an appealing destination for expats looking for an affordable yet dynamic lifestyle. Both Hanoi and Ho Chi Minh City offer a good balance between modern conveniences and budget-friendly expenses, especially when compared to major Western cities.

Your living expenses in Vietnam will depend on your lifestyle, and you can enjoy a good life in Vietnam without spending a fortune. The largest dents in your monthly budget will be in the areas of housing, schooling, and Western foodstuffs. On the other hand, travel, phone, and internet costs remain low.

Like most countries, Vietnam has its fair share of temptations, such as the huge variety of electronic gadgets you can spend your hard-earned salary on. That said, with a little financial shrewdness, it’s easy to live comfortably and save at the same time.

Cost of accommodation in Vietnam

If you’re moving to Vietnam on a short-term basis, you will likely rent property rather than buy. The cost of rent will vary depending on the standard of housing you require, as well as the location of the property.

Vietnam’s rental market is experiencing sustained demand, particularly in large cities like Hanoi and Ho Chi Minh City. Rapid economic growth, foreign investments, and new infrastructure developments are influencing rental prices. Most new developments cater to the luxury segment, meaning affordable housing is primarily available in government-supported social housing initiatives.

Housing choices vary by district. In Hanoi, Tay Ho is a favourite among expats, offering high-end apartments and villas with lake views. Ba Dinh is ideal for those seeking proximity to governmental offices and embassies. If you’re looking for more affordable options, Cau Giay provides modern, budget-friendly housing. Meanwhile, in Ho Chi Minh City, District 1 is the commercial hub with premium rental rates, while District 2 (Thu Duc City) attracts expats for its international schools and suburban feel.

As a rule of thumb, housing closer to the city centre comes at a premium, while accommodation in outlying suburbs is more affordable. You must also account for the cost of utilities in your monthly budget, which is usually charged over and above the rental fee.

Renting Accommodation and Utilities in Vietnam

Cost of transport in Vietnam

There are plenty of cost-effective ways to get around Vietnam. Negotiating the price of taxi and motorcycle taxi fares is common practice in Vietnam, and you should not be shy about doing so.

Most foreigners don’t drive in Vietnam due to the chaotic conditions on the city streets. If you do wish to have a private vehicle, you should hire a driver who is knowledgeable about the local roads.

For daily commuting, ride-hailing services like Grab are widely available and provide both car and motorbike transport options. Although routes and schedules may take time to get used to, public buses are an economical alternative. Vietnam’s expanding rail network, including the upcoming high-speed rail project, is an increasingly viable option for intercity travel.

If you plan on driving, you must obtain an International Driving Permit (IDP) before arriving in Vietnam, as local authorities do not issue them. Long-term residents can apply for a Vietnamese driver’s licence by converting their home country’s licence.

Getting Around in Vietnam

Cost of groceries in Vietnam

Grocery shopping in Vietnam offers a mix of traditional markets, modern supermarkets, and online options. If you’re looking for the best value, local wet markets provide fresh produce, seafood, and meats at lower prices than supermarkets. These markets are an essential part of Vietnamese daily life and allow for some negotiation on pricing.

For convenience and international brands, you can shop at major supermarket chains like Big C, Lotte Mart, and Co.opmart. These hypermarkets stock a wide variety of imported goods, but prices are often higher than in local markets. Many expats mix and match, purchasing fresh produce at markets while relying on supermarkets for packaged and speciality items.

Convenience stores such as Circle K and FamilyMart are also widely available, making it easy to grab essentials on the go. In addition, online grocery platforms like Tiki and Lazada are growing in popularity, allowing for home delivery of groceries and household supplies.

Seasonal fluctuations impact food prices, with harvest periods offering lower costs for fruits and vegetables, while off-season shortages can drive up prices. Extreme weather events like typhoons or droughts can also influence availability and cost.

Cost of entertainment and eating out in Vietnam

Vietnam is a paradise for food lovers, offering a diverse range of dining experiences. Whether you’re indulging in street food or dining at high-end restaurants, there’s something to suit every taste. Local eateries and food stalls provide delicious, affordable Vietnamese dishes, making it easy to enjoy authentic cuisine without overspending.

For nightlife enthusiasts, Vietnam’s entertainment scene is thriving. Ho Chi Minh City and Hanoi are home to a mix of rooftop bars, traditional Bia Hoi (fresh beer) spots, and vibrant nightclubs. Live music venues and cultural performances have also gained popularity, blending local traditions with international influences.

If you prefer outdoor activities, Vietnam offers numerous options. You can go trekking in Sapa, explore caves in Phong Nha-Ke Bang National Park, or enjoy water sports like kitesurfing along the coastline. The country’s rich history is also reflected in its many museums, temples, and cultural festivals.

While international restaurants and upscale bars can be expensive, local brands and traditional Vietnamese entertainment remain budget-friendly, allowing you to experience the best of the country without breaking the bank.

Cost of education in Vietnam

The cost of education in Vietnam depends on the type of institution and location. Compared to many Western countries, schooling in Vietnam is generally more affordable, but international schools can be significantly pricier.

Public schools follow the national curriculum in Vietnamese and are the most budget-friendly option. However, class sizes tend to be large, and facilities are often basic. Private schools offer a mix of Vietnamese and international curricula, smaller class sizes, and better resources. International schools follow globally recognised programmes, making them a preferred choice for expat families.

When choosing a school, consider factors such as curriculum, language of instruction, class sizes, and tuition fees. While international schools offer top-tier facilities and globally accredited programmes, they also come at a premium.

Education and Schools in Vietnam

Cost of healthcare in Vietnam

Health insurance is essential when moving to Vietnam, as public healthcare in Vietnam is typically considered inadequate. While the government has invested in upgrading facilities, public hospitals still face issues such as overcrowding and limited resources, especially in rural areas.

Private healthcare, on the other hand, is excellent, widely accessible, and still relatively affordable compared to Western countries. Many private hospitals offer internationally trained doctors, state-of-the-art facilities, and English-speaking staff, making them the preferred choice for expats. Popular private hospitals include Vinmec International Hospital and FV Hospital.

Your health insurance costs will depend on factors such as age, lifestyle, and the level of coverage you choose. Most employers provide some form of health insurance, but many expats opt for additional private coverage to ensure access to top-tier medical care.

Healthcare in Vietnam