In Vietnam, is having 100,000 yuan considered a rich person? What do you think about this?

My brother exchanged 100,000 RMB for 350 million VND and lived a life of a billionaire in Vietnam. You heard it right, 100,000 RMB is converted into Vietnamese Dong, which is a full 350 million Vietnamese Dong. But in Vietnam, face value of money of 50,000 and 100,000 is very common. It seems that 100,000 yuan is exchanged for 350 million yuan, but in fact, the purchasing power is not even as good as what 100,000 yuan can buy in China. Therefore, the life of my brother's "billionaire" is even harder than the life of someone who owns 100,000 in China.

My brother lived in Hanoi, the capital of Vietnam, for a year with this money. After a year, the money was almost spent. Then he ran back to the country in disgrace. Let me tell you why 350 million VND is not considered a rich person in Vietnam, or even a good life.

The per capita income in Vietnam is 7 million VND, which is about 2,000 yuan. 100,000 yuan in Vietnam is the entire income of an average-income family for 5 years. Say more but not too much, say less than enough. For a high-income family, the monthly income is about 30 million VND, which means the annual income is about 350 million VND.

So, one hundred thousand yuan is really not very rich in Vietnam. And often these Vietnamese have their own houses, which can be worth more than 100,000 to 200,000 yuan. You can't even buy an apartment in Vietnam with 100,000 yuan. My brother spends 10 million VND per month renting a house in Hanoi, Vietnam. Just on renting a house, my brother spent more than 100 million Vietnamese dong a year.

The per capita income in Vietnam is very low, but compared with domestic prices, it is a bit high. A pound of rice worth 10,000 VND is equivalent to 3 yuan a pound in China, and a pound of pork worth 200,000 VND is equivalent to 60 yuan a pound. The prices of these basic foods are much higher than in China. My brother is a meat lover. He eats at least 20 kilograms of pork a month, which costs 4 million VND. Plus buying other food, he has to spend more than 10 million VND on food a month. In a year, he has to spend a lot of money. Spend more than 100 million VND.

As for accommodation, cheaper B&Bs cost about 200,000-300,000 VND per night. A better hotel will cost about 1 million VND. Then there is the matter of eating. The 1 million VND spent on eating well for a day was gone again. There is also transportation, about 500,000 VND is gone again. A day of doing this and that would cost about 1.5 to 2 million VND, and a month would cost 45 to 60 million VND. Looking at it this way, if you travel with 350 million VND, you won’t be able to sustain it for a year.

In general, you can’t afford to eat, live or play in Vietnam. RMB 100,000 is equivalent to a middle-class family in Vietnam. And it’s the kind of middle-class family that hasn’t bought a house! Don't think that you can be a rich man in Vietnam with 100,000 yuan. Prices in Vietnam are much higher than in China. Just live your own life in China honestly! Only when you go abroad can you know how good your own country is.