ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
From 1 Aug 2022, we only accept orders which are >= 10 classes per booking
2
We must emphasize that the below demonstration is our suggested rates, Teachers have full right to set their rates as long as your rates follow the rationale.
3
4
CURRENCY CONVERSION
RATIONALE IN SETTING RATES
5
6
For simplicity, we recommend Teachers to list the rates in VND.
7
- Amount payable by Students are denominated in VND.
8
(*) Nominal FX rate for ease of conversion
 24,000
VND/USD
- Rationale: The shorter session, the higher rate: rate for 30 mins > rate for 45 mins > rate for 60 mins
9
(**) When paying in Philippine Peso, the actual rate is based on FX market at the payment date
10
Example listed rate
 100,000
VND per 45 mins
For simplicity, setting rates on a pro-rata basis:
11
Split ratio: 66,667 VND per30mins$2.78
12
- Teacher to receive
80% 80,000
net amount
 100,000 VND per45mins$4.17
13
- Platform charges
20% 20,000
to cover operation expenses and technology investment
 133,333 VND per60mins$5.56
14
15
Other considerations:
16
- At Fast Language the split rate is 80 : 20 which is much more favorable to Teachers as compare to other companies who are charging 50%.
17
- Vietnam is a developing country with low income capita, as such, to acquire more students, it's advisable to set affordable rates.
18
- Common rate at other companies: 3 USD per 60 mins ~ 166 PHP per 60 mins.
19
20
 Listed rate in VND 1 USD vs VND (*)Nominal rate in USD1 PHP vs VND (**)Listed rate in PHPNet rate (80% of Gross)
21
VND 100,000 24,000 4.17 420PHP 238 190
22
VND 100,000 24,000 4.17 430PHP 233 186
23
VND 100,000 24,000 4.17 440PHP 227 182
24
VND 100,000 24,000 4.17 450PHP 222 178
25
VND 100,000 24,000 4.17 460PHP 217 174
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100