Ho Chi Minh City named among top ten cheapest places for American expats

Friday, 06/11/2020 16:27
According to Financial news website Business Insider published an article on November 5, Vietnam’s Ho Chi Minh City heads the list of the ten cheapest places for American expats to live abroad.
Ho Chi Minh city (Photo for illustration/ Source: hanoimoi.com.vn)

The article features 10 cities that have the cheapest living costs for expats from the United States, with Ho Chi Minh City topping the list, followed by Kuala Lumpur in Malaysia, and Bangkok in Thailand.

The article outlines that approximately 77% of foreigners living in Ho Chi Minh City that were surveyed declared that they feel satisfied with the current state of their finances. In contrast, these percentages in Kuala Lumpur and Bangkok stand at 73% and 63%, respectively. Indeed, the cost of living and housing in these three cities ranges from between US$500 and US$600 per month, far lower in comparison to the price of renting a one-bedroom apartment in the US which is typically US$1,600 per month, quoted VOV.

“Vietnam's Ho Chi Minh City took the top spot for living costs and housing expenses, with more than three quarters of current expats living there saying they feel good about their finances,” the article states.

Six Vietnamese killed in traffic accident in Cambodia

Six Vietnamese citizens were killed and five others injured at a serious traffic accident in Chikreng district of Cambodia’s Siem Reap province on November 5 evening, according to the Vietnamese General Consulate in Battambang.

Six Vietnamese killed in traffic accident in Cambodia (Photo updated on VNA)


VNA quoted after receiving the news, the office contacted with local authorities to verify the information and ask for attention to treating the injured.

It also sent staff to the scene to conduct citizen protection measures.

On November 6, the Foreign Ministry contacted with the Cambodian Embassy in Hanoi to ask for assistance for the victims. It also requested Vietnamese representative offices in Cambodia to complete the identification and soon report to relevant localities and families of the victims.

For assistance, Vietnamese citizens are advised to contact the Vietnamese Embassy in Cambodia via 85977020561, the Vietnamese Consulate General in Battambang at 855713116789, and the Citizen Protection Hotline at 84981848484./.

Japanese firm invests in water treatment in Vietnam

The FE Holdings – a subsidiary of JFE Engineering of Japan - has spent 900 million JPY (8.6 million USD) to acquire a 3.87 percent stake in the Binh Duong Water Environment JSC of Vietnam (Biwase).

Vietnam expects to see high demand for water treatment facilities.(Photo: https://asia.nikkei.com/)

This is one of the Japanese firm’s steps to tap into strong demand for water treatment infrastructure in Vietnam.

According to VNA, JFE already has been contracted to build two wastewater treatment plants in Vietnam, both through Japan's official development assistance programme.

According to Nikkei Asia, partnering with Biwase which operates eight water treatment plants and a waste disposal facility in the southern province of Binh Duong will give the Japanese firm opportunities to pick up more orders, including expansion of existing Biwase facilities as well as the construction of waste disposal and recycling plants.

JFE plans to start local recruitment of engineers, sales staff and other personnel. It looks to grow its annual revenue from the Vietnamese market to 10 billion JPY in the next decade, from about 2 billion JPY in fiscal 2019./.

Compiled by BTA

RELATED NEWS

Comment
FullName
Email
Contents

/

Confirm