Buzz
This article avoids using outdated 2021 data due to the pandemic's impact on accuracy. Considering the iPhone 14 series was introduced in 2022, data from the first three months of 2022 is used for the most objective perspective.
According to the General Statistics Office of Vietnam in Q1 2022, the average income of Vietnamese citizens is 6.4 million VND per month. In the major economic centers like Ho Chi Minh City and Hanoi, the average incomes are 8.9 million VND and 8.5 million VND per month, respectively.
Therefore, the average daily wage (including weekends) for Vietnamese laborers is 213,000 VND. If we exclude weekends, the figure would be even higher. For simplicity, let's stick to the 213,000 VND calculation. Below is a reference table for the expected prices of the iPhone 14 series for you to review before making calculations:
iPhone 14 - Requires approximately 112 consecutive days of work, sacrificing meals and drinks
To get the anticipated starting price of the iPhone 14 at 23,990,000 VND, Vietnamese laborers would need an uninterrupted 112 days of continuous work, abstaining from meals, drinks, and expenditures. Realistically, resisting spending is challenging. If one saves half of their monthly salary, it would take 224 days to own an iPhone 14—roughly 7 months, which is quite feasible.
For workers in Ho Chi Minh City and Hanoi, with average salaries of 8.7 million and 8.5 million VND, respectively, the accumulation time to buy the iPhone 14 is quicker. Just 85 consecutive days of work would secure the new phone, or 170 days, equivalent to 6 months, if one saves without spending.
iPhone 14 Plus - 127 Days of Effort
The iPhone 14 Plus, with an expected starting price of 26,990,000 VND, 3 million VND higher than the iPhone 14. Following the same calculation, Vietnamese workers need to work and save without spending for 127 days, extending the accumulation period by 2 weeks compared to the iPhone 14. If diligently saving, workers would need approximately 254 days (over 8 months) to buy the iPhone 14 Plus.
However, for workers in Ho Chi Minh City and Hanoi with a salary of 8.5 million VND, it only takes 95 consecutive days of work to buy the iPhone 14 Plus or around 190 days to purchase the phone if saving half of the salary. So, for those earning the average salary in Ho Chi Minh City and Hanoi, it's relatively manageable—around 6 months of working, spending, and saving to afford the phone without too much difficulty.
iPhone 14 Pro - 145 Days of Struggle
Priced 4 million higher than the iPhone 14 Plus, the iPhone 14 Pro demands a significant number of working days to afford. Personally, I don't recommend individuals with an average salary going for the iPhone 14 Pro. However, if you choose to purchase it, it would take 145 consecutive days of work without saving or spending to acquire it. If balancing spending and saving half a month's salary, it would take around 290 days (almost 10 months) to own it.
For laborers in the two major cities mentioned, with an average salary of 8.5 million, it would take 110 consecutive days of work to buy the phone, approximately 220 days in reality after balancing finances and expenditures. In other words, for workers in major cities, it would take over 7 months to afford the phone.
iPhone 14 Pro Max - 'The Ultimate Boss' Requires 160 Days
Laborers in major cities can get the iPhone 14 Pro Max a bit faster, requiring over 120 days of effort to secure the pricey iPhone. Approximately 240 days (8 months) of working and saving are needed to own the luxurious iPhone.
Conclusion
The above calculations serve as reference points to help you visualize balancing spending and choosing the most suitable iPhone 14 series model for your budget. Additionally, take advantage of promotional programs when buying an iPhone, such as partner bank discounts. If you want the phone immediately, you can explore various options from Mytour.
Hope you find the iPhone model that suits your preferences. If the iPhone 14 series doesn't match your budget criteria, you might consider choosing a series with a similar design and still excellent specifications.
- Explore more: Is the iPhone 13 series still worth buying after the iPhone 14 launch? How to make the right choice?
- Check out other articles in the Market section
