Place

Vietnam Named One of the Most Secure Destinations for Retirement in Asia

GOBankingRates, a US-based personal finance publication run by financial services corporation Nasdaq, have ranked Vietnam in fourth place among the 10 safest places to retire in Asia, with living expenses of less than $2,000 per month.

Administrator

18 July, 2023

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Vietnam has been recognized for its average monthly cost of living at $1,117 and its global peace index ranking at 1.786. (Photo: Getty)

According to GOBankingRates, more Americans are considering retiring in foreign countries rather than in their own country. Retirement abroad is gaining popularity as it offers expats a more affordable cost of living and the benefits of cultural enrichment that come with living abroad.

The list was compiled using data from the United Nations Pacific-Asia Region Group, GDP figures from WorldPopulationReview, cost of living data from Numbeo, and 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 less than 2.0 to qualify.

Vietnam made the list for its average monthly cost of living at $1,117 and its global peace index ranking at 1.786. “Vietnam’s cost of living index is low at 24, but its GDP is higher than most on the list at $462.6 trillion,” the report said.

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

Vietnam Among Safest Places to Retire in Asia

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

Vietnam ranked 41st out of 163 countries and territories in the 2023 Global Peace Index, moving up four places from the previous year, according to VOV. The annual study by the Institute for Economics and Peace measures a nation’s state of peace across three domains: societal safety and security, ongoing domestic and international conflict, and militarization.

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

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

Vietnam received a score of 1.745, placing it among the nations with a “high” level of peace, alongside Germany, Netherlands, Malaysia, the UK, Laos, Indonesia, the Republic of Korea (RoK), Argentina, Chile, and Cyprus.

Vietnam also ranked in the top third in the ongoing domestic and international conflict domain, as well as in the societal safety and security and militarization domains.

Rosy Huong