I'm wondering about lifestyle and salary/housing allowance in Ho Chi Minh City, Vietnam. What would be a decent salary/housing allowance there? How is the life with young children?
Thanks!
What about Vietnam?
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tommypizza
- Posts: 58
- Joined: Fri Aug 26, 2011 11:35 am
Re: What about Vietnam?
Lifestyle is easy. You can find housekeepers that will take care of your kids when needed...and it's cheap. That being said, HCMC is a crazy city and air quality isn't always great...although its better than many SE Asian cities. Some might choose not to take small children in this environment, I reckon. You will have to rely on taxis and the city is getting more and more congested with traffic. You can ride a motorbike too...but depends on your abilities. I know people that raised/are raising kids there. It's a very dynamic place. Fun expat community.
Depends on the school with salaries and allowances...but if you are making 50k+ with $800 housing allowance, you are living the life of luxury. $30k + $600 is very doable but not much left over after doing some travel. It all kinda depends on your wants/needs.
Depends on the school with salaries and allowances...but if you are making 50k+ with $800 housing allowance, you are living the life of luxury. $30k + $600 is very doable but not much left over after doing some travel. It all kinda depends on your wants/needs.
Re: What about Vietnam?
@tommypizza
I'm assuming before taxes correct?
I'm assuming before taxes correct?
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santacruzin1
- Posts: 22
- Joined: Mon Dec 07, 2015 6:30 am
Re: What about Vietnam?
@neoeagle
I am not sure how thrifty you are but I would say that those numbers ($30k + $600) should be after tax - especially with a family.
Taxes are high in Vietnam if you earn a Western-style salary - a $30k yearly salary puts you into the 30% (progressive) tax bracket, which would take a good chunk out of your monthly pay. I'd estimate you would take home around $2000/month or less on a $30k gross salary. More info here: https://www.gbs.com.vn/index.php/en/faq ... income-tax
PIT rates
Taxable Income per year (VND) Tax rate
VND 0 - 60,000,000 5%
VND 60,000,000 - 120,000,000 10%
VND 120,000,000 - 216,000,000 15%
VND 216,000,000 - 384,000,000 20%
VND 384,000,000 - 624,000,000 25%
VND 624,000,000 - 960,000,000 30%
Above VND 960,000,000 35%
Could you do it on that much? Of course, Vietnam has a very low cost-of-living - but you would be living more like a local and not like an expat. It all depends on your personal preferences/budget.
I am not sure how thrifty you are but I would say that those numbers ($30k + $600) should be after tax - especially with a family.
Taxes are high in Vietnam if you earn a Western-style salary - a $30k yearly salary puts you into the 30% (progressive) tax bracket, which would take a good chunk out of your monthly pay. I'd estimate you would take home around $2000/month or less on a $30k gross salary. More info here: https://www.gbs.com.vn/index.php/en/faq ... income-tax
PIT rates
Taxable Income per year (VND) Tax rate
VND 0 - 60,000,000 5%
VND 60,000,000 - 120,000,000 10%
VND 120,000,000 - 216,000,000 15%
VND 216,000,000 - 384,000,000 20%
VND 384,000,000 - 624,000,000 25%
VND 624,000,000 - 960,000,000 30%
Above VND 960,000,000 35%
Could you do it on that much? Of course, Vietnam has a very low cost-of-living - but you would be living more like a local and not like an expat. It all depends on your personal preferences/budget.
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tommypizza
- Posts: 58
- Joined: Fri Aug 26, 2011 11:35 am
Re: What about Vietnam?
my school paid the taxes...
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tommypizza
- Posts: 58
- Joined: Fri Aug 26, 2011 11:35 am
Re: What about Vietnam?
yes...my figures were before taxes...straight salary
Re: What about Vietnam?
@santacruzin1
Got it, thank you! Very informative!
@tommypizza
Damn, you mean they filed/helped you with the taxes, or the base salary + perks were laid out as the net sum you would get and they dealt with the taxes? I saw one of the upper tier schools in HCMC offering some sort of shared tax burden, but I still think they were asking the employee to pay for some. Good on you though!
And that makes sense regarding gross income, 50K plus housing in Vietnam is a very comfortable package! If you are still there I hope you are enjoying Tet!
Got it, thank you! Very informative!
@tommypizza
Damn, you mean they filed/helped you with the taxes, or the base salary + perks were laid out as the net sum you would get and they dealt with the taxes? I saw one of the upper tier schools in HCMC offering some sort of shared tax burden, but I still think they were asking the employee to pay for some. Good on you though!
And that makes sense regarding gross income, 50K plus housing in Vietnam is a very comfortable package! If you are still there I hope you are enjoying Tet!