Living in Vietnam, creating income to establish?

Hi all, I would really, really like to establish myself in Vietnam (Middle or Southern). These regions are my preference

I just would like to know how much it cost for any kind of business, like restaurant, travel agency, anything that you can think of so I can have a net income of 1,000 to 1,500 USD

I know some of you have been living in Vietnam for long time. What do you do ? How long have you been there ? How did you establish yourself ? How did you manage regular income , and for how much ?

I lost a lot, lot money because of the stock market so now I am back in my country to work my … off so I am wondering what goal I would need to attain.. note that I am not really talking about rental and house, more like on how to create regular income, because if I need some extra money I can always go back working part time in my home country. I just need to have an idea of rental on Bui Vien, or a rental biz in Nha Trang, for example. I am not necessarily aiming for something touristy by the way, so it could be, internet cafĂ©,

I do not have Vietnamese wife, I am guessing I could take care of this when I am settled.

You can contact my yahoo, you can see my nick here is markpetit2008

I hope this thread can be a good resourceful link in the future too, so you can post anything related to establish in Vietnam, I just need to know how I can manage this as fast as possible and generate enough income so I can live comfortably, 500USD of monthly savings after food and rent paid is fine by me, I want to retire early and manage under the sun icon smile Living in Vietnam, creating income to establish?

Thank you for your time for reading I hope you can write a lot of information icon smile Living in Vietnam, creating income to establish? I will provide and edit, so come check back!
heh yeah, thanks , I’m aware I should rent at first!
I have been there already, visited every city except Da Nang and Quy Nhon, with my back then girlfriend, so I know what to expect!

I wonder what town it is, but yes Quan 1 is expensive, but a lot of customers, but as I said I don’t mind much where, I get into cultures very easily and I am good with that icon smile Living in Vietnam, creating income to establish? Thank you for your time, hope you can provide more information !
wow happy thank you very very much for your valuable comment, this sure will be used as a reference in the future for anyone asking the same question as me !

I know what you are talking about and i tend to agree with you, I’ve been there for quite some time and you must know what you are talking about, but you have a company there yourself ! 300USD must be quite something there too, you’d recommend invest in my home country and then use that to live overseas instead of doing the opposite right ? I don’t want to be bored all my life too, heh, but you seem to have made a company on your own, with no wife as you said. I’d like to know more, please send me some IM I don’t want to disturb you but I sure would like a good referrence like you once or twice ! thanks, wish you good business, a lot of money, wealth and prosperity, as they would say hahaha

Rick M above was being very polite and wrote with good humor, i apologies now for not doing the same. Losing a lot of money on the stock market will not compare to the money you will be cheated out of here, you will be looked at as a walking ATM, the more friendly and bigger the smile the more they are cheating you. No matter how clever and informed you think you are they are 100 times better, all the people you deal with are in cahoots with each other and you cannot w in. Also you are showing great naivety in the Business you suggested, have you seen how many Internet shops and tourist shops that are in Nha Trang, a good shop doing well would give you an income of about 300usd per month, but its not possible for you to do well as you are competing against the Vietnamese, once again they know every trick in the book to make you fail, including a visit from the police who will want there cut if they see success. As for the restaurant business i see about 2 a month closing, usually with a foreigners dreams shattered. As for not having a Vietnamese wife, that will not be a problem, i am a fat ugly 53 year old and i could take my pick of any of hundreds of beautiful women who love me and marry me next week because i am so handsome, but they soon fade away when they realize i will not give them money.I am sorry to be the writer of such doom and gloom, for ever Rick above {who i have been happily reading about for a few years] there are hundreds who have not been lucky. If you are really seriouse about living here then the best thing to do is come and live here, get a cheap hotel room or a small house, invest your money in the bank and look and learn, trust absolutely know one and ask ask and ask again. When i say invest in the bank, i mean put your money in a VND a/c here, allthough its gone down dramatically you can still get 10% per annum.

2 Comments

  1. rick m says:

    After reading your post, my first thought was an old saying I re-read on this sight. {The nail that sticks up gets hammered down).
    This culture has been here for THOUSANDS of years. They eat people like you and me for breakfast. I’ve been here for several years, have a wife and children, and I still argue over whether I’m being charged a nickel more than the going rate for my lunch.
    Take your time and come visit for a year or two. Find a GOOD woman who will be your partner in life, and see what happens.
    If you’re in a big rush, my wife knows some people who are dying to meet you!,,, She’s promised me 10% of the net lol

    FYI: Good land in my "dirtwater" little town is now selling for $300/meter. District 1 in Saigon is $5000/meter and up (USD) So, unless you’re really skinny, you’re looking at a return on investment of about 50 to 100 years (provided you can even buy the land as a foreigner)

    I live here a few months a year by making a good living in America and owning some farmland here. We’re not rich but we’re not poor.

    Edit: My town is on the outskirts of Ben Tre and it is very surprising at what they get (not ask) in terms of price for real estate.
    Starting a business is next to impossible here unless you have a Viet partner. Your best bet would be to get a TOEFL certificate or other teaching certificate. English teachers can easily make $1000 USD/month working part time.
    Good Luck!
    References :

  2. happy says:

    Rick M above was being very polite and wrote with good humor, i apologies now for not doing the same. Losing a lot of money on the stock market will not compare to the money you will be cheated out of here, you will be looked at as a walking ATM, the more friendly and bigger the smile the more they are cheating you. No matter how clever and informed you think you are they are 100 times better, all the people you deal with are in cahoots with each other and you cannot w in. Also you are showing great naivety in the Business you suggested, have you seen how many Internet shops and tourist shops that are in Nha Trang, a good shop doing well would give you an income of about 300usd per month, but its not possible for you to do well as you are competing against the Vietnamese, once again they know every trick in the book to make you fail, including a visit from the police who will want there cut if they see success. As for the restaurant business i see about 2 a month closing, usually with a foreigners dreams shattered. As for not having a Vietnamese wife, that will not be a problem, i am a fat ugly 53 year old and i could take my pick of any of hundreds of beautiful women who love me and marry me next week because i am so handsome, but they soon fade away when they realize i will not give them money.I am sorry to be the writer of such doom and gloom, for ever Rick above {who i have been happily reading about for a few years] there are hundreds who have not been lucky. If you are really seriouse about living here then the best thing to do is come and live here, get a cheap hotel room or a small house, invest your money in the bank and look and learn, trust absolutely know one and ask ask and ask again. When i say invest in the bank, i mean put your money in a VND a/c here, allthough its gone down dramatically you can still get 10% per annum.
    References :
    English and lived in Nha Trang for 4 years, i build and rent houses for foreighners and hopefully help them along the way.

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