With its rising educational development, improving infrastructure, growth in technology and science and increasing industrialization, Vietnam is slowly emerging as fast growing economy of the South East Asia. Vietnam is the 13th most populous country in the world and the 8th most populous in Asia. This country has seen development and growth only in the past few years especially after the year 2000.
After 2000, Vietnam established democratic relations with many other nations and government introduced a series of political and economic reforms. Due to these reforms, Vietnam experienced boom in several sectors including real estate and renting industry.
People from all parts of the world have shifted base to Vietnam due to its affordable cost of living and other reasons. Infact many people are eyeing this nation as their preferred retirement destination to lead a relaxed and comfortable life in their latter years. The major reason behind this is the fact that cost of accommodation or renting in this country is rather inexpensive. If you are visiting this country for a short period of time or are thinking of moving here, then you should consider the option of renting a place rather than buying a real estate property.
Renting in Vietnam
In bigger cities, a full range of housing options are available and they suit the needs of people with all sought of budget. You can get a high quality serviced apartment, a one room studio, a guesthouse, or a big mansion to purchase. It is true that renting is relatively cheaper but in the past few years, with economic growth, the cost of accommodation has risen as compared to earlier years. People living in Vietnam often buy apartments or houses rather than renting them, just like their American counterparts.
It is obvious that the cost of living or accommodation in a big city like Hanoi or Ho Chi Minh City is more than that of a small town or village. In a city like Ho Chi Minh, renting a room with a kitchen could cost you about $250 a month which is pretty affordable. This cost generally covers up for the maid service and washing service. Infact one can always look for even cheaper options which will cost anywhere about $200. For a 1 BHK, the rent is generally within the $400 mark. If you are looking to rent a larger apartment with atleast a couple of bedrooms, then be ready to shell out anything between $1000 and $1500.
Serviced Apartments and Luxury Accommodation
People with a large and generous housing allowance will be capable of affording and living in private luxury apartments and even villas. In about $2000 a month, one can easily find a large family house at a good location of an urban area or city.
Any serviced apartment falling in this range closely resembles a five star hotel. It comes with high quality services like laundry, maid service, internet connection, TV connection, washing facility etc.
So if you are looking to stay in Vietnam for a few days or a larger period of time, you have a clear idea about the kind of costs you would be required to pay for your accommodation.