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Nam Ky Khoi Nghia - Asialife HCMC

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finance<br />

Living Your Life<br />

By Paul Mclardie<br />

The vast majority of people<br />

working in Vietnam have<br />

health insurance through their<br />

employer. However, what<br />

happens if you fall ill and can’t<br />

return to work? Do you know<br />

how long your sick benefits<br />

will last?<br />

Paying for your children’s<br />

education, rent and day-today<br />

life will start to eat away<br />

at your savings and soon<br />

enough, you may find yourself<br />

on a plane back home, even<br />

if you want to stay here.<br />

So, what can you do?<br />

There are two alternatives:<br />

either live off your savings or<br />

consider purchasing disability<br />

insurance.<br />

Living off of your savings<br />

will only last as long as you<br />

can make it last. Think about<br />

how much you earn. Add<br />

to that the things that your<br />

employer may already pay<br />

for—your rent, car, flight allowances<br />

and the children’s<br />

school fees. Next, look at the<br />

value of your savings. If you<br />

wish to continue leading the<br />

life you have at the moment,<br />

your savings may quickly<br />

diminish.<br />

You could take a regular<br />

income from your savings,<br />

leaving the pot untouched<br />

and living off the interest. But<br />

how much will you actu-<br />

ally need to replace the lost<br />

income? For example, for you<br />

to have an income from your<br />

savings at 5 percent of USD<br />

$40,000, you would need to<br />

have a savings in excess of<br />

$700,000. Not many people<br />

have that.<br />

The second option is to<br />

have separate critical illness<br />

or income protection insurance.<br />

These are plans that<br />

you can pay into monthly.<br />

Like automobile or house<br />

insurance, you only get paid<br />

if something happens to<br />

you. The price of these plans<br />

varies depending on factors<br />

such as your age, occupation<br />

and general health.<br />

You wouldn’t think twice<br />

about taking auto or home<br />

insurance, so why not insure<br />

yourself?<br />

Please make sure that<br />

your health insurance is up to<br />

date and the level of cover is<br />

more than what you think you<br />

require, but also have a look<br />

at income protection insurance.<br />

The first may save your<br />

life; the latter will let you lead<br />

it how you want.<br />

Contributed by Paul<br />

McLardie, Partner at Total<br />

Wealth Management. Paul.<br />

mclardie@t-wm.com, www.twm.com.<br />

listings<br />

living<br />

BUSINESS GROUPS<br />

amCham<br />

New World Hotel, 76 Le Lai, D1<br />

Business Centre, Room 323<br />

Tel: 3824 3562<br />

www.amchamvietnam.com<br />

ausCham<br />

TV Building, Suite 1A, 31A Nguyen Dinh<br />

Chieu, D1 Tel: 3911 0272 / 73 / 74<br />

www.auschamvn.org<br />

British Business Group of Vietnam<br />

25 Le Duan, D1 Tel: 3829 8430<br />

execmgr@bbgv.org<br />

www.bbgv.org<br />

CanCham<br />

New World Hotel, 76 Le Lai, D1<br />

Business Centre, Room 305<br />

Tel: 3824 3754<br />

www.canchamvietnam.org<br />

eurocham<br />

257 Hoang Van Thu, Tan Binh<br />

Tel: 3845 5528<br />

www.eurochamvn.org<br />

German Business Group<br />

21-23 Nguyen Thi Minh Khai, D1<br />

www.gba-vietnam.org<br />

Singapore Business Group<br />

Unit 1B2, 21-23 Nguyen Thi Minh Khai,<br />

D1 Tel: 3823 3046<br />

www.sbghcmc.org<br />

Hong Kong Business association<br />

New World Hotel, 76 Le Lai, D1<br />

Business Centre, Room 322<br />

Tel: 3824 3757 / 3822 8888<br />

www.hkbav.com<br />

NordCham<br />

Bitexco Building, 19-25 Nguyen Hue, D1<br />

Tel: 3821 5423<br />

www.nordcham.com<br />

CAMERAS<br />

Hung Hai<br />

75 Huynh Thuc Khang, D1<br />

A good place to purchase hard-to-find<br />

gear and some rare equipment, mainly<br />

auto focus lenses.<br />

le Duc<br />

5B Huynh Tinh Cua, D3<br />

A shop for all your professional accessory<br />

needs. From lighting equipment to tripods<br />

and reflectors, the shop offers the best<br />

equipment and service in HCM City.<br />

Pham The<br />

11 Le Cong Kieu, D1<br />

An authorized service center for Nikon<br />

camera that also specialises in repairing all<br />

camera makes. Measurement equipment<br />

and spare parts also available.<br />

Shop 46<br />

46 Nguyen Hue, D1<br />

Small shop run by photographer and collector.<br />

The owner’s more collectible pieces<br />

are pricey, but entry-level manual focus<br />

SLRs from the 70s and 80s are affordable.<br />

COMPUTERS<br />

Computer Street<br />

Luong Huu Khanh, D1 between Nguyen<br />

Thi Minh Khai and Nguyen Trai<br />

This stretch of District 1 is literally wall to<br />

wall with small shops selling computers,<br />

printers, monitors and everything computer<br />

related, more so toward the NTMK<br />

end of the drag.<br />

iCenter<br />

142A Vo Thi Sau, D3<br />

Tel: 3820 3918<br />

Professional, polished Apple retailer and<br />

repair centre with an attractive showroom<br />

featuring some of the latest in accessories<br />

and audio. English-speakers on staff. Honours<br />

Apple service plans.<br />

future World<br />

240 Nguyen Thi Minh Khai, D3<br />

Authorized reseller of Apple computers<br />

and products, as well as some off-brand<br />

items like headphones. Excellent service<br />

and English-speaking staff. Accepts credit<br />

cards.<br />

Phong Vu Computer<br />

264C Nguyen Thi Minh Khai, D1<br />

Tel: 3933 0762<br />

www.vitinhphongvu.com<br />

The biggest and busiest of the PC stores<br />

in town. Known for good, efficient service,<br />

in-house maintenance and after-sales<br />

repair on the second floor.<br />

SYS Vi Tinh Saigon<br />

96C <strong>Nam</strong> <strong>Ky</strong> <strong>Khoi</strong> <strong>Nghia</strong>, D1<br />

www.vtsaigon.com<br />

A superb place with an excellent reputation<br />

for after-sales service with competent<br />

English speaking staff and a wide range<br />

of products and services. Freeware and<br />

shareware also available on the store<br />

website.<br />

CONSULTING<br />

Concetti<br />

33 Dinh Tien Hoang, D1 Tel: 3911 1480<br />

www.concetti-vn.com<br />

Consulting and research company for<br />

technology transfer and investment.<br />

ernst & Young<br />

Saigon Riverside Office Center, 2A-4A<br />

Ton Duc Thang, D1 Tel: 3824 5252<br />

www.ey.com<br />

Professional service firm specializing in<br />

advisory, assurance, tax, transactions and<br />

strategic growth markets.<br />

flamingo Corporate Services<br />

Indochina Park Tower, Room 606,<br />

4 Nguyen Dinh Chieu, D1<br />

Tel: 2217 1662<br />

www.flamingovn.com<br />

Provide optimised immigration solutions<br />

and services such as visas, work permits,<br />

resident permits, police clearances,<br />

authentication, certification and apostille in<br />

Vietnam and worldwide.<br />

Grant Thornton<br />

Saigon Trade Centre, 37 Ton Duc Thang,<br />

D1 Tel: 3910 9100<br />

www.gt.com.vn<br />

International business advisors specializing<br />

in auditing, management consulting,<br />

corporate finance, risk management and<br />

information technology.<br />

inspired image<br />

42/2A Ho Hao Hon, D1<br />

Tel: 091 635 2573<br />

www.inspiredimage.co.uk<br />

Image consultant and personal stylist.<br />

Previous clients include business leaders,<br />

TV presenters and busy professionals.<br />

Phuong Nguyen Consulting<br />

TPC Business Center, 92-96 Nguyen<br />

Hue, D1 Tel: 3829 2391<br />

www.pnp-consulting.com<br />

Specializing in business facilitation, conferences,<br />

education counselling, marketentry<br />

research and IT/business consulting.<br />

Rouse & Co. international<br />

Abacus Tower, 58 Nguyen Dinh Chieu, D1<br />

Tel: 3823 6770<br />

www.iprights.com<br />

Global intellectual property firm providing<br />

a full range of IP services including patent<br />

and trade mark agency services.<br />

Star Management limited<br />

92-96 Nguyen Hue, D1 Tel: 3897 2765<br />

www.starlimited.com<br />

Business advisory services for companies<br />

investing in Vietnam, business/project<br />

advancement and a range of business<br />

development services.<br />

Towers Watson Vietnam (formerly<br />

Watson Wyatt and SMaRT HR)<br />

Sun Wah Tower, 115 Nguyen Hue, Suite<br />

808, D1<br />

Tel: 3821 9488<br />

Global HR consulting firm specializing in<br />

executive compensation, talent management,<br />

employee rewards and surveys,<br />

HR effectiveness and technology, data<br />

services and total rewards surveys.<br />

DECOR<br />

Antique Street<br />

Le Cong Kieu Street, D1 between Nguyen<br />

Thai Binh and Pho Duc Chinh<br />

A Variety of antiquesand faux antiques<br />

from Thailand, China and Vietnam<br />

including silverware, compasses, lighters,<br />

brass knockers, urns, vases, abacuses,<br />

religious and pagan statues, candlestick<br />

holders, furniture and watches.<br />

anupa Boutique<br />

84 Pho Duc Chinh, D1 Tel: 3915 1473<br />

Retails in unique and affordable range of<br />

consol and coffee tables, trays, mirrors<br />

and lamps in a range of different textures<br />

such as leather resin, bamboo and<br />

walnut.<br />

asian fish<br />

34 Mac Thi Buoi, D1<br />

Boutique-style arts and crafts store selling<br />

locally made gifts and souvenirs, all designed<br />

by the Japanese owner. Products<br />

include clothing, bags, crockery, sandals,<br />

chopsticks and jewellery.<br />

Aquarium Street<br />

Nguyen Thong Street, D3 between Vo<br />

Thi Sau and Ly Chinh Thang<br />

Dedicated street has everything one<br />

needs to display fish: tanks, decor, feed,<br />

filters and the fish themselves.<br />

Budget Housewares Street<br />

Corner of Pasteur and Nguyen Dinh<br />

Chieu<br />

Stock up on shower heads, kitchen<br />

supplies (juicer, spatula, grater, etc.),<br />

coat racks, clothes hangers, pots, pans,<br />

champagne flutes, bowls, coolers, trash<br />

bins, ironing boards, magazine racks and<br />

the like.<br />

Chau loan<br />

213 Dong <strong>Khoi</strong>, D1 Tel: 3825 7991<br />

Gallery based in a colonial shophouse<br />

stocking mainly Vietnamese-themed oil<br />

paintings and images of Buddha. Also<br />

deals in better-known reproductions.<br />

Decosy<br />

112 Xuan Thuy, D2 Tel: 6281 9917<br />

Producer of a large selection of European<br />

styled furniture and interior fittings,<br />

specializing in wrought iron and patine<br />

(distressed) wood finishes. Also stocks a<br />

wide- range of decorative accessories,<br />

crockery and fixtures. Custom design<br />

services available upon request.<br />

Dogma<br />

175 De Tham, D1 Tel: 3836 0488<br />

www.dogmavietnam.com<br />

Located upstairs from Saigon Kitsch,<br />

this art gallery deals in Vietnamese propaganda<br />

posters, apparel, accessories<br />

and random paraphernalia. Large prints<br />

are sold at US$60 each and small prints<br />

cost US$25.<br />

Minh Boutique<br />

15 Nguyen Thiep, D1<br />

Lacquerware pieces, tea boxes, teapot<br />

warmers, ice buckets and sake drinking<br />

sets all handmade in Vietnam. Also sells<br />

a range of silverware, egg holders and<br />

ice tongs.<br />

OUT-2 STUDiO<br />

L6 Fafilm annex<br />

6 Thai Van Lung, D1 Tel: 3825 6056<br />

STUDIO@OUT-2.com<br />

www.out-2.com<br />

Studio space for independent designers<br />

to showcas their wares, sell their work<br />

and meet with clients. Open Monday t<br />

Saturday 10am to 6pm.<br />

Phuong Mai<br />

213C Dong <strong>Khoi</strong><br />

www.phuongmai-gallery.com<br />

Gallery specialising in original oils by<br />

Vietnamese artists. The works here are a<br />

mish-mash of styles but do contain some<br />

standouts, particularly well-known local<br />

artists La Hon, Quy Tam and Pham Trinh.<br />

Sapa<br />

125 Ho Tung Mau, D1<br />

Offers a better selection of hill tribe<br />

handicrafts than most of its rivals.<br />

Concentrates mainly on the hand-woven<br />

clothing of the indigenous tribespeople of<br />

the region. There is also a line in ladies’<br />

shoes and the standard range of silk<br />

wraps and bags.<br />

Son & Then Photogallery<br />

94 Mac Dinh Chi, D1<br />

Adorning the walls of this gallery-cumcafé<br />

are a number of photographs by<br />

local photographers mostly focusing on<br />

tasteful female nudes. Smaller prints start<br />

at US$20 while larger works can reach<br />

US$500. Framing, consulting and delivery<br />

services are also available.<br />

Vietnam-Quilts<br />

64 Ngo Duc Ke, D1 Tel: 3914 2119<br />

www.mekong-quilts.org<br />

NGO enterprise specialises in quilts and<br />

Houses & Villas<br />

For rent in Dist.2, HCM: An Phu,<br />

Thao Dien, & Tran Nao<br />

Save time:<br />

See all pictures<br />

& details online.<br />

Updated daily.<br />

www.snap.com.vn<br />

E : linhnguyen@hbdecor.com.vn - www.linhfurniture.com<br />

86 asialife <strong>HCMC</strong> asialife <strong>HCMC</strong> 87

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