Travel+Leisure: Vietnam Among The Cheapest Countries To Retire In The World

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According to the magazine Travel+Leisure, Vietnam is a very affordable place to retire, especially for adventurous retirees who appreciate the country's beaches, scenery, food, history, and culture. Indeed, the overall cost of living is approximately 59% lower than in the US, with rents about 79% lower, depending on the location.

Travel+Leisure magazine said that applying for a visa in Vietnam is not as simple as in many other countries, but it is possible to apply for a long-term stay visa or a business visa.

According to the magazine Travel+Leisure, Vietnam is a very affordable place to retire, especially for adventurous retirees who appreciate the country's beaches, scenery, food, history, and culture. Photo: Worldpackers

High-quality health care is also very affordable, with public and private systems available. In line with this, it added that most expats carry international health insurance and take advantage of private hospitals.

Travel+Leisure's list of countries with the cheapest retirement costs in the world also includes Mexico, Ecuador, Costa Rica, Portugal, Panama, Montenegro, and Colombia.

In Ho Chi Minh City, formerly known as Sai Gon, home to the country’s largest expat community, the cost of living stands at 70% lower compared to New York, with housing roughly 87% lower, it wrote.

Vietnam is one of the cheapest countries in the world to travel. Photo: Worldpackers

In addition, many large cities in Vietnam such as Hanoi, Da Nang, and Ho Chi Minh City are considered attractive tourist destinations, with convenient transportation, affordable prices, and many experiences.

According to Kiplinger's rankings, Vietnam ranks second among the 10 cheapest countries to visit with affordable prices and low daily costs for accommodation and food, making this country a desirable destination for tourists with limited budgets.

Vietnam is one of the cheapest countries in the world to travel. Even amongst the other countries in South East Asia. With its breathtaking natural beauty, rich history, and delicious cuisine, Vietnam offers incredible value for money. Visitors can explore bustling cities like Hanoi and Ho Chi Minh City, relax on pristine beaches, and enjoy mouthwatering street food—all at incredibly affordable prices.

The country has a good transport system. It is a big country, with almost every form of transportation, so getting around is relatively easy. The most popular ways to explore Vietnam include planes, trains, buses, boats, and, of course, motorbikes.

The country has a good transport system. It is a big country, with almost every form of transportation, so getting around is relatively easy. Photo: Worldpackers

Most people choose to get around using their vehicles, with scooters and motorcycles the most common form of transport. The cost of a new motorcycle in Vietnam ranges from US$1,250 to US$2,860.

Many expats living in Vietnam will find taxis to be the most affordable way to get around. The cost of inter-city buses and trains is also very reasonable.

The cost of accommodation in Vietnam depends entirely on what your budget is. If you are a backpacker then you can score rooms for as cheap as $2 a night. Vietnam has an awesome hostel scene. Average hostel prices range between $5-15 in Vietnam, but even the cheapest of hostels can feel luxurious.

Hanoi is the capital of Vietnam and an epicenter of business and culture. The average cost to rent an apartment in Hanoi is slightly higher than in Ho Chi Minh City, but expats can find many bargains at the lower end of the property market.

Traveling in Vietnam works for all types of budgets. Photo: Worldpackers

Hanoi also offers many luxurious, furnished apartments marketed specifically to expats. An expat could enjoy a high quality of living in Hanoi at an affordable price.

Traveling in Vietnam works for all types of budgets. If you’re on a tight budget, do not worry as Vietnam can be super cheap. For those with a higher budget, you can enjoy the extremes of luxury, still without having to spend a lot.

Vietnam is well-known for offering a high standard of living at a low price. According to 2022 data, the cost of living in Vietnam is around 42.8% lower than in the United Kingdom and 63.5% lower than in the United States. This is based on the total cost of living, taking into account a wide range of living expenses in Vietnam per month and the average apartment cost in Vietnam.

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