Living on $500 a month, How to Plan Your Vietnam Travel Budget

Vietnam is a really great place to travel if you’re on a budget. It allows you live like a king, while not having to worry about your expenses. In general, you can confidently walk into any bar or restaurant and know that you’ll be able to afford a great dinner. Fresh fruit smoothie or sandwich from a street vendor, that’ll set you back about $1.50. All of this is why Vietnam is one of the coolest places to travel in Asia, and one of the cheapest too. Let’s take a look at what you can do on a Vietnam travel budget of $500 a month.

Eating Out at Restaurants

Restaurants are everywhere in Vietnam. At my hostel in Hanoi, for example, there were 20 some restaurants within a five minute walk. Vietnamese food is awesome, and you’ll be able to eat a great dinner at most places for less than $5. In fact, if you want to keep it really simple, you can get a filling dinner for about $2. It’s going to be fresh and delicious as well!

Street food is also very popular in Vietnam. We don’t have this in America, and it took some getting used to, seeing these mini “restaurants” on the sidewalk. But I’ve come to find out that they’re really an awesome way to eat cheap. For example, today with my Vietnamese friends, four of us ate till we were full and I don’t think that we paid more than $10. Obviously Vietnam is a cheap travel destination, especially since food can be big a expense in other places.

Going out to the Bar

Drinking in Vietnam is easy. That is, if you like beer. There are a couple of major beer labels, including Tiger beer and Saigon beer. If you buy it from the store, it’s about .$75 for a bottle, and the price usually only goes up to about $1 if you buy it at the bar. In fact, the other night I was aghast when I ordered a beer from the Sailing Club in Nha Trang and they charged me $4! I’ve clearly been spoiled by just how cheap it is to drink in Asia.

I can’t say much about other drink prices, as I rarely stray far from the beer. I’m sure that the prices are all comparable though. In fact, the hostel that I’m staying at right now even has a happy hour. As much free beer as you can drink in an hour. Needless to say, while this has been great, it’s also proven to be the downfall of more than one hostel-goer.

Living in Hostels

If you’re going to travel to Vietnam you can expect to pay somewhere from $5 to $7 a night for a hostel. Typically the dorms are mixed, so if you’re a girl and don’t like the idea of living with guys, you’ll usually need to pay more to get a single room. When you’re planning your travel budget, there’s really no reason to allot more than about $200 a month. The hostel I’m at now (which is probably the coolest hostel I’ve ever stayed at in my life) only charges $6 or so a night.

Getting Around

If you’ve never been to Asia before than you probably aren’t familiar with the motorbikes. These wonderful little things are the chief means of transportation in Vietnam. One of the things that makes Vietnam one of the cheapest travel destinations is that you can take one of these motorbikes almost anywhere in the city for about $2.50. Well, at least that’s what I paid in Hanoi. It didn’t usually seem to matter how far I went, the price remained the same.

Of course, if you plan to travel Asia cheap, and you are really feeling adventurous, you can also buy your own motorbike. This will only set you back about $250, and if you plan to stay in Vietnam for a while, it might be a good investment. Odds are you’ll be able to drive it around and then sell it for the same price that you bought it for.

You’re putting your life into your hands if you do this though. The traffic in Vietnam is nothing short of jaw dropping, and the driving style is unlike anything you’ll find anywhere in America. It makes New York City drivers look like a bunch of grandmothers off to church.

When you need to go between cities it’s also easy to travel cheap in Vietnam because the train is inexpensive. You can go from Hanoi, all the way to Saigon (a 1,700 km journey) and I don’t think you’ll end up paying more than $80. You have to be careful about where you buy your tickets though. I’ve found the best website to be Baolau.com Alternatively, you can also just go to the train station and buy your tickets in person.

Your Travel Budget for Vietnam

The cheap food, inexpensive drinks, low cost hostels, and easy on the wallet train tickets all mean that you can plan on spending little in Asia. I think with $500 you can easily live a great life here. That’s about what I spend and I think that my own travels have been stellar so far. So if you want to travel Asia cheap, I think that Vietnam is a great country to visit. Of course, I also think that Vietnam is a wonderful country, and the cheap prices are a just a cherry on top. As I continue down into Cambodia and Vietnam, I’ll report further on what I find, and on what kind of travel budget you’ll need.

2 replies
  1. John Bardos
    John Bardos says:

    Chiang Mai is my favourite place in SE Asia and it is still very affordable, although the influx of Chinese tourists are putting pressure on prices. Our favourite apartment is only $150 per month with great internet and it’s above our favourite cafe with $1.20 cappuccinos. Even at those prices, we tend to spend more on coffee than rent. 🙂

    Reply
    • Sam
      Sam says:

      Hey if you’re in Chiang Mai I hope that you’ve checked out Pai as well. If you’re good on a dirt bike that would be a pretty cool four hour drive. Otherwise a mini-bus with a suicidal driver is always a good option.

      Reply

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