Cost of Living Comparison Vietnam vs India. (2024)

FAQs

Which is cheaper, Vietnam or India? ›

Vietnam is one of the best choices for those looking to explore nations cheaper than India. The country is noted for its low-cost of living, inexpensive street food, and affordable accommodation.

Forget China, India can't even compete with Vietnam, whose per capita GDP in 2021 was $3,756.50, significantly higher than India's $2,256.60. The score appears less uncertain in the political and strategic spheres, but questions remain.

Vietnam, on the other hand, has a significantly smaller economy. This factor certainly affects the country's GDP and GDP growth rate, especially when compared to India. However, there are still bright spots worth mentioning about Vietnam's economy. For instance, Vietnam's GDP per capita is higher than India's.

For those on a budget, options like a studio, mini loft studio, or shared apartment in small cities and towns can be found for around 3,500,000 to 4,500,000 VND ($150 to $200). However, in larger cities like Hanoi - Vietnam capital or Ho Chi Minh City, they may cost from 5,000,000 to 7,000,000 VND ($250 to $350).

In 2022, the average monthly salary for paid workers and employees with no qualification was about 6.6 million Vietnamese dong. Meanwhile, the average monthly salary for paid workers and employees with university or higher degree was around ten million Vietnamese dong in Vietnam.

In Vietnam, a 50m2 downtown house costs at least around $500,000, sometimes even higher. However, the average income of Vietnamese is just over $3,000 a year. Thus, it will take us more than 160 years-worth of income to purchase a house.

What is the cheapest country to live in Asia? ›

Travelling in Vietnam works for all types of budget. If you're on a tight budget, don't worry as Vietnam can be super cheap. For those with a higher budget, you can enjoy the extremes of luxury, still without having to spend a lot.

Tourism in Vietnam is incredibly budget-friendly, with an average daily budget starting from $15, making it one of the most economical destinations in Asia.