Giving up $200K salary in US, my child's friend returns to work in Vietnam

May 23, 2024 | 03:30 pm PT
Giving up $200K salary in US, my child's friend returns to work in Vietnam
Students walk past Wilson Library on the campus of the University of North Carolina at Chapel Hill, North Carolina, U.S., Sept. 20, 2018. Photo by Reuters
My child’s friend left the U.S., where he studied and earned $200,000 annually , to return to Vietnam. Now, he has achieved success in his home country, owning a company and a VND10 billion (US$393,000) apartment.

In recent years, the number of Vietnamese students abroad returning home to work has been increasing, especially those in fields like economics, finance, medicine, and engineering. I believe there are several main reasons for this trend:

Firstly, open integration policies have significantly boosted our country's economy, bringing it closer to developed nations and attracting substantial domestic and foreign investment. The growing number of private enterprises and the emergence of new industries and jobs provide many suitable employment opportunities for returning students. Additionally, the government has introduced many favorable policies and conditions to support young entrepreneurs.

Secondly, the political and economic situation and job opportunities in many countries around the world are becoming increasingly difficult, leading to more intense competition between locals and immigrants. Comparatively, life back home is often more relaxed. Incomes in many sectors in Vietnam are now comparable to those in other countries, but the cost of living here is lower.

Moreover, the emotional security of being close to family and friends, culture and lifestyle, and not having to face discrimination make life in your home country happier and accelerate wealth accumulation.

Last week, I attended a housewarming party of my child’s friend who studied abroad in the U.S. He is also my health consultant at the moment. Seeing him, I realized that returning home was the right decision for many young people.

Before returning, both he and his wife had their dream jobs: he was a reputable Ph.D. doctor working at a major hospital while she was a master's degree holder working for an American financial company. His income was nearly $200,000 per year, but the couple was very stressed about their finances and emotional well-being. Despite working 10 to 12 hours a day, they could not save much.

Besides dealing with housing, food, and clothing, they were also concerned about their families back home and the difference in culture between the two countries. They decided to return to Vietnam and ten years later, he now has a successful medical company, a high-end apartment worth over VND10 billion, and a stable job with income exceeding what he earned in the U.S. In addition to being a lecturer at a renowned medical university, he also works at two major hospitals.

The advanced education systems have endowed these young people with logical thinking, scientific approaches, and an effective lifestyle and work ethic. As a result, despite having a busy schedule, they do not feel pressured and have time for family and recreational activities.

Most of my child’s friends who studied abroad now have stable careers and finances that allow them to send their children to top international schools. They are all very content and happy with their lives.

As someone with years of experience and some achievements, even I am impressed by their successes.

By sharing this story, I hope young Vietnamese people studying and working in developed countries will consider this perspective to better understand the current state of our country and make informed decisions about their future paths.

Do you think living and working in Vietnam is more relaxed for those with foreign education and professional experiences?

Reader Nguyen Huong VT

*This opinion was translated into English by AI. Readers’ views are personal and do not necessarily match VnExpress’ viewpoints.

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