Teaching in Vietnam can be a fantastic opportunity to immerse yourself in a fascinating culture while gaining valuable teaching experience. But as with any international adventure, it’s essential to manage your finances wisely. In this article, we’ll explore twelve tips on how to save money while teaching in Vietnam with an IPGCE.
Understanding the cost of living in Vietnam
When planning your budget for teaching in Vietnam, it’s crucial to understand the country’s cost of living. By getting a grasp on the basics of accommodation, food, and transport, you can make informed decisions to maximize your savings.
The basics: accommodation, food and transport
Accommodation, food, and transport are the primary expenses for any teacher in Vietnam. A great way to save money on accommodation is to choose the right location. While city centers may seem enticing, opting for more affordable suburbs can help stretch your budget.
When it comes to food, embrace the local cuisine to save money. Vietnamese street food is not only delicious but also easy on your wallet. Additionally, try to limit trips to pricey restaurants that cater to Western tastes.
Transportation is another area where you can save money. Public transport, such as buses or trains, is generally cheaper and more affordable than private options. Consider walking or cycling whenever feasible, not only to save money but also to enjoy the picturesque surroundings.
Leisure activities and their costs
While teaching, it’s essential to enjoy your free time and explore Vietnam’s rich culture. However, keep in mind that leisure activities can quickly add up. Look for free or low-cost alternatives such as visiting local markets, parks, or cultural events. Engaging with the community can provide enriching experiences while saving money.
Furthermore, Vietnam offers a plethora of natural wonders that are worth exploring during your time off. From the stunning limestone karsts of Halong Bay to the lush green rice terraces of Sapa, there are countless opportunities for adventure and relaxation.
If you’re a history enthusiast, Vietnam’s rich historical sites will captivate you. Visit the ancient town of Hoi An, a UNESCO World Heritage site, and immerse yourself in its well-preserved architecture and vibrant culture. Alternatively, explore the Cu Chi Tunnels near Ho Chi Minh City, a fascinating underground network used during the Vietnam War.
For those seeking a taste of tranquility, Vietnam’s beaches are a paradise waiting to be discovered. From the popular coastal town of Nha Trang to the pristine shores of Phu Quoc Island, you can soak up the sun, swim in crystal-clear waters, and indulge in fresh seafood at affordable prices.
Lastly, don’t forget to explore Vietnam’s bustling markets, where you can find unique souvenirs and local handicrafts. From the vibrant Ben Thanh Market in Ho Chi Minh City to the charming Hanoi Night Market, these bustling hubs of activity offer a glimpse into the country’s vibrant culture and provide an excellent opportunity to practice your bargaining skills.
Getting to grips with the Vietnamese currency
Before diving into your teaching adventure, take the time to understand the Vietnamese dong. Familiarize yourself with the exchange rate, and be prepared for potential fluctuations. This knowledge will help you keep a realistic perspective on your finances.
When dealing with the Vietnamese dong, it’s essential to remember that the currency is denoted by the symbol “₫” and is issued by the State Bank of Vietnam. The dong comes in various denominations, including both coins and banknotes. While the currency may initially seem confusing due to the number of zeros on the banknotes, you will quickly get used to it through daily use.
Understanding the Vietnamese dong
The Vietnamese dong (VND) is the official currency. It’s advisable to have some dong on hand as soon as you arrive in Vietnam. Familiarize yourself with the various denominations to avoid being taken advantage of or confused during transactions.
One interesting fact about the Vietnamese dong is that it has a rich history dating back to the 19th century when it was first introduced by the colonial French administration. Over the years, the currency has evolved, with various banknote designs reflecting Vietnam’s culture, history, and achievements. Understanding this background can provide you with a deeper appreciation for the currency you’ll be using during your time in Vietnam.
Tips for managing your money in a new currency
Managing your money in a new currency can be challenging, but with a few tips, you can make it easier. It’s a good idea to track your expenses and set a budget. Consider using smartphone apps or online tools to help monitor your spending. Additionally, be cautious when using ATMs and avoid changing money at unauthorized places to avoid high fees.
As you navigate your way through Vietnam, you’ll find that many establishments prefer cash payments over card transactions. Therefore, having a good grasp of the Vietnamese dong and being able to handle cash transactions efficiently will be beneficial during your stay. By being mindful of the currency’s value and practising responsible spending habits, you can make the most of your time in this vibrant and culturally rich country.
Saving on accommodation
Accommodation is often one of the most significant expenses when teaching abroad. Here are some tips to help you save money on accommodation in Vietnam.
When looking to save money on accommodation in Vietnam, it’s essential to consider alternative options beyond traditional renting or buying. One such option is house-sharing, where teachers can team up with colleagues to split the cost of rent and utilities. This not only helps in reducing individual expenses but also fosters a sense of community and support among teachers living in a foreign country.
Choosing the right location
As mentioned earlier, choosing the right location is key. Look for areas that offer a good balance between affordable rent and accessible amenities, such as schools, markets, and public transport.
Moreover, exploring lesser-known neighbourhoods or suburbs can often lead to hidden gems with lower rental prices. These areas may offer a more authentic experience of Vietnamese culture and daily life, away from the bustling tourist spots, allowing teachers to immerse themselves fully in the local way of living.
Renting versus buying: what’s best for teachers?
While renting is the most common choice for short-term stays, buying a property may be a viable option for longer-term commitments. Evaluate your financial situation and consider consulting with local experts to determine the best option for you.
It’s worth noting that the Vietnamese property market has been experiencing steady growth in recent years, making it an attractive investment opportunity for teachers looking to establish roots in the country. However, thorough research and understanding of local regulations are crucial before embarking on the journey of property ownership in Vietnam.
Eating and drinking on a budget
Food is an integral part of experiencing a new culture, and Vietnam is renowned for its diverse and delicious cuisine. Here are some tips on how to eat and drink on a budget.
When exploring Vietnam, it’s not just about the destination but also about the journey of culinary discovery. The country’s food scene is a vibrant tapestry woven with influences from various regions and cultures. From the bustling streets of Hanoi to the serene countryside of Hoi An, each dish tells a story of tradition and innovation.
Embracing local cuisine to save money
Vietnamese street food is not only tasty but also budget-friendly. Explore different local markets and street stalls to discover affordable and authentic dishes. Eating like a local is not only an excellent way to save money but also to fully immerse yourself in the Vietnamese way of life.
As you meander through the narrow alleys of Ho Chi Minh City or stroll along the picturesque beaches of Da Nang, the aroma of pho and banh mi beckons you to indulge in a culinary adventure. From the fiery spices of bun bo Hue to the delicate flavours of cao lau, each bite is a symphony of taste that reflects the rich tapestry of Vietnamese gastronomy.
The cost of western food in Vietnam
If you’re craving some familiar tastes from home, keep in mind that Western food can be more expensive in Vietnam. Opt for local alternatives or prepare your meals at home using locally sourced ingredients. This way, you can save money and still satisfy your cravings.
While the allure of a cheeseburger or a slice of pizza may tempt your palate, delving into a steaming bowl of pho or savouring a crispy banh xeo offers a more authentic and budget-friendly experience. By embracing the local cuisine, you not only tantalise your taste buds but also support the vibrant food culture that defines Vietnam.
Transport options for teachers in Vietnam
Getting around Vietnam efficiently is essential for teachers. Let’s explore some cost-effective transport options.
When navigating the vibrant streets of Vietnam, teachers have a multitude of transport options at their disposal. In addition to the traditional modes of public and private transport, there are unique alternatives that offer a deeper immersion into the local culture and lifestyle.
Public transport versus private transport
Public transport, such as buses or trains, is generally cheaper and more accessible for teachers. Research the available routes and schedules to ensure a smooth journey. If you prefer more flexibility and comfort, consider sharing rides with colleagues or renting a motorbike for longer journeys.
For those seeking a more adventurous commute, Vietnam’s bustling streets provide an opportunity to experience the pulse of the city up close. From the iconic cyclos to the ubiquitous motorbikes, each mode of transport offers a glimpse into the daily rhythm of Vietnamese life.
The benefits of walking or cycling
Walking or cycling brings numerous benefits beyond saving money. It allows you to explore your surroundings at a leisurely pace, stay fit, and reduce your carbon footprint. Take advantage of the pleasant weather and safe roads in Vietnam to embrace these eco-friendly alternatives.
Immersing yourself in the local customs and traditions, walking or cycling through the charming alleyways and bustling markets can unveil hidden gems that may go unnoticed when using conventional modes of transport. The sights, sounds, and smells of Vietnam come alive as you meander through the vibrant tapestry of daily life.
By applying these twelve money-saving tips, you can make the most of your time teaching in Vietnam with an IPGCE. Remember, while it’s important to manage your finances, also make sure to enjoy your experience and make lasting memories in this beautiful Southeast Asian country.
Take Your Teaching Career to the Next Level with IPGCE
As you apply these cost-saving strategies to enhance your teaching experience in Vietnam, consider the next step in your professional journey. The International Postgraduate Certificate in Education (iPGCE) is your gateway to overcoming common barriers such as stringent qualification requirements and limited career progression. By joining the UK’s #1 Teacher Training Course, you’ll not only increase your chances of qualifying for coveted international school positions but also experience significant career growth, including promotion rates and salary increases. Connect with a global network of educators, gain a deeper understanding of international curricula, and enjoy the flexibility of online study tailored to your busy schedule. Join the iPGCE program today and transform your teaching career!