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Prof.Gringo



Joined: 07 Nov 2006
Posts: 2236
Location: Dang Cong San Viet Nam Quang Vinh Muon Nam!
PostPosted: Tue Mar 05, 2013 8:26 am    Post subject: Reply with quote
Sudz wrote:
Definitely not an ideal time. I've tried everywhere and haven't had any luck - besides an interview here and there.


Sounds like it sucks all around. I was offered 2 diff jobs, which involved working at 2 diff govt primary schools, split shifts and only 10 hours per week total, I passed on both, as I need 20 hours week minimum. They both overlapped, so it wasn't going to work. I won't work for more than 2 employers at once, I know some teachers that have to string together 4 or 5 hours per week at 4 or 5 diff schools... Not my cup of green tea.
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sigmoid



Joined: 21 Jan 2003
Posts: 1276
PostPosted: Tue Mar 05, 2013 2:39 pm    Post subject: Reply with quote
Quote:
By the end of 2013, I'll only work about 4 months a year (in a US Based job which involves 100% travel, BTW) and gross more than most Americans make in 12 months, so I should live well in Vietnam for the other 8 months... While I build my pension and SS check, 401K, etc.


If you're financially set, why the heck would you hang around in Vietnam for 8 months if you didn't have to be there?

One month would probably be more than enough...

Last edited by sigmoid on Tue Mar 05, 2013 2:57 pm; edited 1 time in total
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Tanker



Joined: 15 Jun 2005
Posts: 72
PostPosted: Tue Mar 05, 2013 2:43 pm    Post subject: Reply with quote
Prof.Gringo wrote:
Sudz wrote:
Definitely not an ideal time. I've tried everywhere and haven't had any luck - besides an interview here and there.


Sounds like it sucks all around. I was offered 2 diff jobs, which involved working at 2 diff govt primary schools, split shifts and only 10 hours per week total, I passed on both, as I need 20 hours week minimum. They both overlapped, so it wasn't going to work. I won't work for more than 2 employers at once, I know some teachers that have to string together 4 or 5 hours per week at 4 or 5 diff schools... Not my cup of green tea.


I know many, many, many, teachers who are driving all over Saigon to 3 or 4 different schools just to get enough hours.

Post-Tet slowdown + the economic situation.

The big question is, will this

stay the same for a couple/few years or,

will it get worse?

I know a few teachers in Hanoi and Saigon that decided to leave.

Too many teachers, not enough hours.

We shall see.....
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Prof.Gringo



Joined: 07 Nov 2006
Posts: 2236
Location: Dang Cong San Viet Nam Quang Vinh Muon Nam!
PostPosted: Wed Mar 06, 2013 12:55 am    Post subject: Reply with quote
sigmoid wrote:
Quote:
By the end of 2013, I'll only work about 4 months a year (in a US Based job which involves 100% travel, BTW) and gross more than most Americans make in 12 months, so I should live well in Vietnam for the other 8 months... While I build my pension and SS check, 401K, etc.


If you're financially set, why the heck would you hang around in Vietnam for 8 months if you didn't have to be there?

One month would probably be more than enough...


My reasons to STAY in VN:
1. Very LOW Cost of Living (COL).
2. Beautiful, friendly women (no prob having girlfriends, and NOT bar girls either, "good girls" only for me, BTW)
3. The Govt never bothers me. No visa issues, no visa runs.
4. The police don't harass me (like the corrupt cops in Mexico)
5. Mostly safe (nevermind those 3 street brawls I've been in, and won everytime, the last time some police showed up, and the "secret police" shook my hand and thanked me for beating the crap outta some Vietnamese scumbag)
6.Not bored with VN yet. I can go to Pagoda in the morning and Mass in the afternoon. Guess I am a bit of a Cao Dai myself.
7. When I become bored with VN, I'll move on

Please note number 7 above, if you are in this category, please feel free to exit VN anytime... Nobody is stopping you from leaving, except yourself.

EDITED for CLARITY only!

Last edited by Prof.Gringo on Wed Mar 06, 2013 9:31 am; edited 1 time in total
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spycatcher reincarnated



Joined: 19 May 2005
Posts: 236
PostPosted: Wed Mar 06, 2013 2:27 am    Post subject: Reply with quote
Sigmoid wrote:

2) VN has been experiencing a financial crisis for over a year, and during that time many people have lost their jobs and thousands of companies have failed, FDI has dropped significantly and the stock market is down. So, it's no wonder that teaching jobs are more scarce.

Can't get quote function to work. End of quote!


Can't immediately find info, but I thought the stock market was significantly up last year. I see it is up 11.7% YTD. One can surely only be talking about the HCMC stock market? One also has to remember that the Vietnamese stock market is lead by herd mentality and foreign and international liquidity. Fundamentals have very little affect on valuations.

Yes, many people have lost their jobs, this happens every year and is a good thing. The labour pool is increasing significantly at present so I would imagine that more people have jobs than ever before.

FDI is a pretty irrelevant number. Looking at historical Chinese figures I believe that only about 25% of promised FDI actually materializes. Promised FDI figures here have historically been cuckoo. There have been numerous multibillion dollar multistage projects which have just been land grabs and have never had an intension of actually investing, so the leading FDI numbers are trash. FDI disbursement is a very valid number, however, and I believe this has been relatively stable. Believe Vietnam has one of the highest FDI disbursements compared to GDP in the world.

Obviously agree that Vietnamese economy is no where near where it should be and this is largely down to internal mismanagement rather than global issues.

As long as there aren't too many negative external factors hitting Vietnam I believe Vietnam will pull out of its present relative slump, but it will be a few years before we are seeing 7% GDP growth again, unless Vietnam starts reporting more correct GDP growth numbers that is. NB: there is a line of thought that Vietnam has been growing as fast as China, but has just been bad at recording Correct GDP and GDP growth.

For what it is worth, I note Standard Chartered is forecasting year end exchange rates to the usd as follows:

2013. 21,000
2014. 21,000
2015. 20,300
2016. 20,300
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TRH



Joined: 27 Oct 2011
Posts: 340
Location: Hawaii
PostPosted: Wed Mar 06, 2013 1:50 pm    Post subject: FDI? Reply with quote
spycatcher reincarnated wrote:

the leading FDI numbers are trash. FDI disbursement is a very valid number, however, and I believe this has been relatively stable. Believe Vietnam has one of the highest FDI disbursements compared to GDP in the world.


For those of us without MBA's, could you tell us what FDI stands for?
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vabeckele



Joined: 19 Nov 2010
Posts: 439
PostPosted: Wed Mar 06, 2013 1:53 pm    Post subject: Reply with quote
FDI = Floppy Dick Incident

Foreign Direct Investment
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