The World’s Best Kept Secret: Vietnam – A Top Affordable Retirement Destination

According to Travel+Leisure magazine, Vietnam is an incredibly affordable retirement destination, especially for adventurous retirees who appreciate the country’s stunning beaches, breathtaking scenery, delectable cuisine, rich history, and vibrant culture. In fact, the overall cost of living in Vietnam is approximately 59% lower than in the United States, with rental prices being roughly 79% lower, depending on the location.

While the magazine notes that obtaining a visa for Vietnam may not be as straightforward as in some other countries, it is possible to apply for a long-term stay visa or a business visa.

According to Travel+Leisure magazine, Vietnam is a very affordable retirement destination, offering adventurous retirees beautiful beaches, stunning scenery, delicious food, rich history, and a vibrant culture. Photo: Worldpackers

Additionally, high-quality healthcare in Vietnam is also highly affordable, with both public and private healthcare systems available. Many expats opt for international health insurance and take advantage of the excellent private hospitals in the country.

Travel+Leisure’s list of countries with the cheapest retirement costs also includes Mexico, Ecuador, Costa Rica, Portugal, Panama, Montenegro, and Colombia, further emphasizing Vietnam’s attractiveness as a retirement haven.

In Ho Chi Minh City, formerly known as Saigon, and home to Vietnam’s largest expat community, the cost of living is a staggering 70% lower compared to New York City, with housing costs being approximately 87% lower, as noted by the magazine.

Vietnam is one of the most affordable countries in the world to travel and explore. Photo: Worldpackers

Furthermore, Vietnam boasts several large cities such as Hanoi, Da Nang, and Ho Chi Minh City, which are renowned for their appeal to tourists. These cities offer convenient transportation options, affordable prices, and a plethora of unique experiences to cater to a wide range of interests.

Kiplinger’s rankings place Vietnam as the second most affordable country to visit, with low daily costs for accommodation and food, making it an ideal destination for budget-conscious travelers.

Vietnam stands out as one of the most affordable travel destinations globally, even within the already budget-friendly region of Southeast Asia. With its awe-inspiring natural beauty, a wealth of historical sites, and mouthwatering cuisine, Vietnam offers an incredible value proposition for travelers. Visitors can explore vibrant cities, relax on pristine beaches, and indulge in delicious street food, all without breaking the bank.

The country boasts a well-developed transportation system, making it easy to get around. From planes and trains to buses, boats, and the ubiquitous motorbikes, there are numerous options for exploring Vietnam.

Vietnam offers a range of transportation options, making it easy to get around the country. Photo: Worldpackers

When it comes to getting around, scooters and motorcycles are the most common form of transport for locals. The cost of a new motorcycle in Vietnam ranges from US$1,250 to US$2,860, making it an affordable option for many.

For expats, taxis are often the most cost-effective way to navigate the cities. Inter-city buses and trains are also reasonably priced, making them a popular choice for longer journeys.

The cost of accommodation in Vietnam varies depending on your budget. Backpackers can find rooms for as little as $2 per night, and the country is known for its excellent hostel options, with average prices ranging from $5 to $15. Even the most budget-friendly hostels often provide luxurious amenities.

Hanoi, the capital of Vietnam, is a bustling hub of business and culture. While the average cost of renting an apartment in Hanoi is slightly higher than in Ho Chi Minh City, expats can still find great deals at the lower end of the property market.

Vietnam caters to all budgets, offering everything from budget-friendly options to luxurious experiences. Photo: Worldpackers

Hanoi also boasts a selection of luxurious, furnished apartments specifically targeted towards expats, allowing them to enjoy a high standard of living at a fraction of the cost of other major cities around the world.

Vietnam truly caters to all budgets. Whether you’re a budget-conscious traveler or seeking luxurious experiences, Vietnam has something to offer. For those with a higher budget, Vietnam provides opportunities to indulge in extreme luxury without breaking the bank.

Vietnam has a reputation for offering a high standard of living at a very reasonable cost. According to data from 2022, the cost of living in Vietnam is approximately 42.8% lower than in the United Kingdom and 63.5% lower than in the United States. This calculation takes into account a wide range of living expenses, including the average cost of an apartment in Vietnam.