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The Vietnam currency is the Vietnamese Dong
(VND). The New Dong equals 10 Hao or 100 Xu. Notes are available
in denominations of VND 100'000 (since 2001), 50'000, 20'000,
10'000, 5'000, 2'000, 1'000, 500, 200 and 100. Coins have
been re-introduced in the last couple of years, which has
been a real treat to coin collectors and has found a ready
commercial use in the country.
Travelers Cheques are easily changeable at banks and moneychangers
all over the country. Western Union and other cash by wire
has also become quite the norm for sending and receiving
monies from outside the country.
The cost of living in urban centers in Vietnam is similar
to major cities elsewhere in the world with Saigon being
quite expensive if one chooses to live in services apartments
geared for the foreigner. It doesn't have to be so expensive
as quality private homes are available as little as $500
USD per month (not including utilities) on up to many thousands
of dollars per month for giant mansion-like homes with an
incredible array of amenities that would rival any 5 star
luxury hotel and everything in-between. One of the main
troubles over the years had been access to more reasonable
and affordable housing however with several joint foreign
owned real estate companies popping up in the country, especially
in Saigon, the access to higher quality and more affordable
living has improved greatly, to the point where many foreign
companies have started shifting focus toward Vietnam as
a place to set up business as well as individuals and individual
entrepreneurs who are interested in living in the country
and/or retiring there.
It is a very do able goal to rent a small private house
and even run your own internet business from home in Vietnam
while not having to pay a kinds ransom to do so whereas
that possibility either did not exist or was quite expensive
back in the late 90's and early part of the new century.
Worldwide Ventures - USA House Rentals & Real Estate
3280-55A Tamiami Trail, PMB 297
Port Charlotte, Florida, 33952, USA
Email: info@vietnamhouserentals.com
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