Vietnam Voted Among The 10 Cheapest Places To Visit In The World

This list of 10 cheapest places in the world of The Travel magazine has mentioned the name Vietnam. In addition, the list also has the appearance of 3 countries from Asia.
September 12, 2022 | 07:16

This year, everyone that loves to travel is already planning trips. We all know that the more affordable it is, the longer one gets to stay. We all have a lot of questions in mind. Where can one tour in 2022, which will allow them to stay for longer, save money, and enjoy a high standard of services?

Photo: DulichToday
Photo: DulichToday

Traveling to low-cost countries where a full meal at a local eatery for the price of a movie ticket or where one gets to sleep in a gorgeous hotel for the price of a hostel in a different place, according to The Travel.

Greece stays on top of the list. If there were a list of countries giving tourists the best value for money, Greece would be the first. Greece has always been on the Euro since2002, so during the devaluation of the Euro in the past few years. So Greece has always been considered a low-cost destination in Europe.

In Greece, one can rent a modern 550 sq. ft. studio apartment that views the sea for US$20 a night on Zakynthos Island. Greek foods are delicious, and one can get seafood meals for below $8.

Photo: The Travel
Photo: The Travel

According to The Travel, Vietnam is a great destination on a budget. "This country has not been appreciated," quoted The Travel. Foreign tourists to Vietnam only need to spend the equivalent of a few USD for each meal. Coffee by the railway line costs less than a dollar. This page also suggests that Vietnam has many affordable means of transportation to explore the country. If you don't mind traveling long distances, you can experience traveling by train to explore Vietnam.

Why Vietnam is a cheap country for travelers

Photo: Shutterstock
Photo: Shutterstock

There is a variety of reasons that Vietnam is cost-effective for tourists. Firstly, the US Dollar, Euro, and British Pound Sterling have strong purchasing power against the Vietnamese Dong. This means visitors to the country from Europe and the US literally get more bang for their buck. Everything is become really cheap on average for people in developed countries Accommodation, transport, sightseeing, food, and drinks… budget tourism site Price of Travel has recently estimated a backpacker’s daily expenses in Hanoi at VND500,000. That’s less than the entrance fee to visit the Tower of London—in pounds!

Additionally, Vietnam’s economy has made the standard of living very cheap for local inhabitants. Cheap work is also cheap price. Another reason for the cheap food prices is the same as for the affordability of life in Vietnam in general: wages are rising, but still low on an international scale. Consequently, the labor cost that goes into your lunch is considerably lower than in other countries, which beats down the prices and also creates a demand for reasonably priced food. If you earn VND5 million per month, you won’t spend more than two on your daily eating. So there are also vendors who cater to that demand. As a result, prices are concurrently very low for travelers visiting from abroad in the local currency.

Daily Budget for Vietnam

Although Vietnam is getting more expensive every year, it’s still a cheap country to visit. Costs are comparable to Thailand and other nearby countries like Cambodia, although like with any country, certain things are either cheaper or more expensive in Vietnam than elsewhere.

As a general rule, you’ll be able to travel around Vietnam in a backpack on a budget of US$40 to US$50 per day. However, your luxuries will be limited and you’ll spend more of your time eating at local restaurants instead of Western cafés and eateries.

Photo: DulichToday
Photo: DulichToday

For a more comfortable backpacker experience in Vietnam, it’s best to budget around US$50 per day. This way, you’ll have more money to spend on things like food, drinks, activities, and hotel rooms.

For a comfortable mid-range experience in Vietnam, it’s best to budget US$60 to US$100 per day for your entire costs. This gives you enough to pay for a comfortable three to the four-star hotel room, eat in mid-range to high-end restaurants and visit most activities and attractions.

For a five-star experience in Vietnam, expect to pay $150 per day at the bare minimum (you’ll spend about US$75- US$100 for your hotel room, at the very least) or $200+ if you plan on dining out often and staying in a very luxurious hotel.

Food in Vietnam

One of the easiest ways to save money in Vietnam is to eat local food. Vietnamese food is tasty, affordable, and — provided you avoid the deep-fried dishes — substantially healthier than most of the alternative options you’ll find in cafés and Western restaurants.

For the most part, street food stands and small restaurants in Vietnam are clean, sanitary, and completely safe. They’re also amazingly cheap, with snacks and small dishes available from as little as VND10,000 (US$0.42) a piece.

Photo: Dacotour
Photo: Dacotour

Some of the most popular Vietnamese dishes include pho (noodle soup), which is available for VND15,000 (US$0.63) to VND50,000 (US$2.12), depending on the ingredients, and makes a great simple breakfast. Bánh mì, which are meat and pickled vegetable sandwiches, can also be found for VND10,000 (US$0.42) to VND35,000 (US$1.48).

Because of Vietnam’s import taxes, some Western restaurants will be priced equally or higher than they would be in Western countries. Expect to pay VND100,000 (US$4.25)- VND150,000 (US$6.37) for dishes like pizza, Indian curry, spaghetti, and other simple dishes and 400,000+ for steak, usually imported from Australia or New Zealand.

If you like street food, expect to spend US$10 to US$15 per day on your meals. If you prefer to eat in air-conditioned restaurants, it’s best to budget US$15 to US$30, or more if you plan to eat expensive, imported items like steak and certain seafood dishes.

Like all countries, food costs can range from cheap to incredibly expensive in Vietnam. If you’re fond of dining in hotels and high-end restaurants and have a taste for a nice wine, it’s completely possible to spend US$200 or more on a meal for two in a high-end restaurant in Hanoi or Saigon.

How to spend money wisely?

Photo: Shutterstock
Photo: Shutterstock

To save and use your money wisely during the trip to Vietnam, you have to remember these advices below:

Don’t mistake over the bill when using any service: the denominations of money in Vietnam are quite similar to one another, which usually leads to some mistaken situations when paying.

Noticing the amount of money: Vietnamese money today is made of long-lasting polymer thus they may stick together so tightly that you can’t recognize them when counting. Therefore, you can overpay for your purchase.

Avoid bringing a lot of money with high par value: it is very inconvenient if you buy some cheap things and the seller doesn’t have enough money to give back.

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