Dear Sven, I have been running a successful diving school in Vietnam for many years now and have a loyal team of employees, most of whom are Vietnamese. I am worried that when they want to retire or are unable […]
I’ve been living in Saigon for a number of years now, and have always been interested in using a bit of my money to buy shares in the Vietnamese stock market. I’ve read that the government will lift the […]
I just moved from Madrid to Saigon to work as a manager at a local manufacturing company. My boss told me that I am responsible for opening my own bank account while I’m here. I’ve noticed that there are […]
How much debt should I have?
Of course the answer is none. But every individual has a unique situation, and there are no definitive answers that can guarantee financial success for everyone. We can use developed countries’ lending rules to limit the amount of money one […]
I have USD5,000 in a bank but it’s just sitting there and not earning interest. What’s the best way for me to invest it? Ideally I would like to double that in six months. Any advice or options?
So you want to double your […]
Is Vietnam considered an emerging market? What is an emerging market anyway?
Back in the early 1980s, from a political “Western” perspective the world was geo-politically divided into three main areas: the first world, mainly Western hemisphere countries – divided by the imaginary line of the Iron […]
Is it a good idea to convert money into dong or leave it as dollars or other currency? And since banks here only insure up to VND50 million is it risky to have a lot of money in the banks here? How can I […]
I want to open a cash deposit account here. What banks do you recommend? And why do certain banks, like HSBC, require only a passport to open an account while others like Citibank and Sacombank require work permits, and a lot more paperwork?
Thanks for your […]
I want to invest my money but how do I know the investment companies in Vietnam are legitimate and not just shell companies that will take my money and then disappear the next day? I’ve even heard that […]