Among life’s little joys is when you have your first tiff with your landlord. It’s a rite of passage. Learning to stand up for yourself and your rights in Vietnam is truly an education. Among life’s little joys is when you have your first tiff with your landlord. It’s a rite of passage. Learning to stand up for yourself and your rights in Vietnam is truly an education. Get a group of expats together and the conversation will, at some point, turn to housing and landlords. It’s described as something between being squeezed through a sugar-juice machine and trying to wiggle your way out of an executive order from you-know-who. Your lovely abode with its cozy, snazzy features soon becomes that marvelous hospitalizing dampness in the winter and pizza baking temperature come summer. The fixtures packaged as made in America but really made in China rust fast, the wood begins to warp and electrical work is possessed by an evil genie. Time to call the great … [Read more...] about Home for rent in Vietnam: Whose house is it anyway?
Cheaper to buy or build a house
VietNamNet Bridge - The Construction Ministry has proposed an increase in housing subsidies as a part of employee wages with an aim to help them resolve difficulties in accessing cheap accommodation. The proposal was made under the Housing Development Strategy to 2020 with a vision to 2030 which was expected to be submitted to the Government next week. Deputy Minister of Construction Nguyen Tran Nam said the Government supplemented housing cost as part of employee wages, following the abolition of housing allocations in 1992. Statistics from the ministry showed that the subsidy accounted for 8 to 10 per cent of salaries, equal to nearly VND55,000 (US$2.8) a month. Nam said low-income people still found it hard to buy or rent a house with the current subsidy as the payment had been based on less than current market prices. He said people, especially workers at industrial zones, could not buy houses because of increasing prices despite the Government issuing a number of policies … [Read more...] about Ministry proposes more housing subsidies
VietNamNet Bridge - Despite expectations of lower deposit interest rates, commercial banks continued offering the regulated cap of 14 per cent per annum for term deposits between two weeks and 12 months. However, under-the-table, depositors could still negotiate the rate to around 18 per cent for a one-month term if they had VND1 billion (US$49,000) or more. In some cases, the term was extended to three months. Several banks, including Eximbank and Sai Gon Commercial Bank, have started promotional programmes, which benefit minor depositors as well. Meanwhile, several banks have already exceeded the two-per cent fence for deposits in the US dollar. Large sums could help double the official rate. An industry insider said that without the above-the-cap rate, banks could hardly maintain existing deposits, not to mention attracting additional cash, as the risk of high inflation still exists. Meanwhile, the large gap between interest rates for the dong and the dollar have prompted … [Read more...] about Banks continue to offer high deposit interest
Lower lending rates helped the residential market of Ho Chi Minh City recovered last year, but further decreases are needed for the market to be "sustainable and wider," property services firm CBRE said Tuesday. More than 14,800 condominiums were launched last year, three times higher than in 2013, according to CBRE. The fourth quarter contributed most, with 6,760 units, thanks to several large-scale projects like Vinhomes Central Park in Binh Thanh District and Masteri Thao Dien in District 2. Around 7,500 units were sold in the fourth quarter, double the performance in the previous quarter, Duong Thuy Dung, head of research and consulting for CBRE Vietnam, told a press briefing on Tuesday. “The sales rate of the high-end segment in 2014 reached roughly 60 percent, followed by the affordable segment at 35 percent,” she said. “Stalled building projects have restarted and construction progress has accelerated thanks to cheaper and more readily available funding,” … [Read more...] about Deeper loan rate cuts needed for sustained housing market recovery: CBRE
Wayne Worrell explains why he left home in Britain and lives in Vietnam: "It is much easier to earn money, and things are cheaper." There is big demand among Vietnamese for learning English, and so it is very easy to find an English teaching job in the country, he says. During a trip to the country six years ago he found that many of his British friends earned substantial salaries teaching English, and he decided to stay and work here. “Vietnam is a large market for English teaching jobs,” he says. Wages vary, ranging from $1,000 to $2,000 per month depending on the type of school and the number of working hours. Most jobs are in the big cities, but there are also opportunities in the smaller ones, he says. Without any interview or examination, he was offered a job at a foreign language center in Hanoi just a month after coming to the city. Worrell has more than 10 British friends living and working in Vietnam, most of whom teach English. Besides working for schools, they … [Read more...] about Life in Vietnam a lark, say expats