Vietnam gained its spot for its average monthly cost of living at $1,117 and global peace index ranking at 1.786. Photo: Getty

GOBankingRates said many Americans are considering retirement in more far-flung places than their own country. Retiring abroad is becoming increasingly popular because many countries can offer expats a more affordable cost of living, with all the benefits of cultural enrichment that living abroad offers.

To complete the list, it pulled data from the United Nations Pacific-Asia Region Group, the figures for GDP from WorldPopulationReview and for cost of living from Numbeo, as well as the Global Peace Index from the Institute for Economics and Peace Global Peace Index 2022 Report. Countries needed to have a global peace index of fewer than 2.0 to qualify.

The finding showed Vietnam gained its spot for its average monthly cost of living at $1,117 and global peace index ranking at 1.786.

“Vietnam's cost of living index is a low 24, but its GDP is higher than most on the list, at $462.6 trillion,” it said.

Malaysia topped the list with a 1.471 global peace index and a $1,066 average monthly cost of living, followed by Kuwait and Mongolia. Other nations named were Indonesia, Jordan, Cambodia, Oman, Cyprus, and Nepal.

Malaysia topped the list with a 1.471 global peace index and a $1,066 average monthly cost of living. Photo: Xinhua/VNA

In the 2023 Global Peace Index, Vietnam is the 41st most peaceful country among the 163 countries and territories, up four places compared to the year before, according to VOV.

The annual study of the Australia-based Institute for Economics and Peace measures a nation’s state of peace across three domains: societal safety and security, the extent of ongoing domestic and international conflict, and the degree of militarization.

With a score of 1.745 (the lower the better), Vietnam is among the nations with a “high” level of peace. Photo: chinhphu.vn

With a score of 1.745 (the lower the better), Vietnam was among the nations with a “high” level of peace, joining the ranks of Germany, Netherlands, Malaysia, the UK, Laos, Indonesia, the Republic of Korea (RoK), Argentina, Chile, and Cyprus.

In the GPI ongoing domestic and international conflict domain specifically, Vietnam’s peacefulness is squarely among the top one-third of countries measured with 1.403 in the score.

Vietnam is also placed in the top third in the societal safety and security, as well as the militarisation domains./.

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