Why is Vietnam in the ranking of the best countries for expats to live in?
According to a study by InterNations, Vietnam was ranked 14th among the best countries for emigration. This rating was based on the affordable cost of living, employment opportunities, quality of healthcare and other important criteria. Find out more about why Vietnam is considered a great expat destination
Vietnam continues to be one of the most attractive countries for expats, as evidenced by its 14th place in the Expat Insider 2023 ranking by InterNations. This is based on a survey of 12,000 expats living in 172 countries. They evaluated various aspects: cost of living, housing availability, career opportunities, healthcare and about 50 other important criteria.
It is important to note that Vietnam has a high level of security, which is a key factor for expats. In addition, the affordable cost of living is an attractive feature of the country. According to the Personal Finance Index, Vietnam holds a leading position, retaining the top spot since 2022. More than three-quarters of respondents rated the affordability of living in Vietnam highly, which is higher than the global average.
This data shows that Vietnam remains an attractive destination for those seeking a quality of life at an affordable price and a high level of security. It is a place where expats can enjoy a unique culture, majestic natural beauty and friendly local people.
If you are planning a trip to Vietnam, use the guides from Visit World. These documents contain basic advice on visa obtainment, border crossing, employment, citizenship, and much more.
What criteria make Vietnam attractive for expats?
Moving to Vietnam can be a dream destination for expats looking for a safe and exotic country with an affordable standard of living. Over the past few decades, many expats have come to Vietnam and call it their second home. Even more people move here to work or retire abroad. According to statistics, the largest number of migrants come to Vietnam from China, Korea, Thailand and Indonesia.
Below are the reasons that make this country a dream destination for dozens of people from all over the world:
Asian countries are becoming increasingly important in the global economy, in particular due to their rapid economic growth. This has led to the creation of millions of jobs in the country. Interestingly, the positive employment scenario in Vietnam is the exact opposite of the employment problems that exist in other countries. The abundance of jobs, especially for foreigners, makes Vietnam a highly sought-after destination for expats. There are job opportunities in various sectors such as education, finance, banking and IT, especially if you speak English.
High level of income
According to the HSBC Expat Explorer survey, expats in Asia can expect to earn a decent six-figure salary. 15% of expats in Vietnam earn more than $250,000. The majority of Vietnamese expats feel fully satisfied with their current income level, and over 75% of them are fully satisfied with their salaries. The high salaries are becoming an attractive incentive for those looking for work and considering living in Vietnam.
Affordable cost of living
Expats can enjoy a comfortable life in Vietnam, as the cost of living is much lower compared to other countries. There are various housing options available here, from luxury apartments to modest country houses. Food is also cheap. According to the HSBC Expat Explorer survey, more than 49% of expats spend less money on dining out, going to the cinema, and visiting music bars. Here you can enjoy inexpensive meals and enjoy an active lifestyle.
Vietnam attracts expats with its cultural diversity. Everyone can find something for themselves here, regardless of their budget. The diverse cuisine, which preserves ancient recipes and flavours, will enchant you. Street food and drinks will also impress anyone. Delicacies for every taste are available right on the streets. And you can enjoy tea or coffee anywhere. Cultural events held throughout the year keep traditions alive and allow you to enjoy the festive atmosphere.
Hospitality of the locals
Despite the difficulties and trials of the past, Vietnamese people remain open and generous to international visitors. Their spirit has not been broken by horrific events; on the contrary, they show incredible adaptability and optimism in life. You'll find yourself admiring their progressive thinking and hospitality in all walks of life.
Compared to other countries in the region, Vietnamese life is safe and stable. The country is located in a convenient location and is not exposed to natural disasters that are common in some neighbouring countries. Political and social stability make Vietnam attractive to expats from all over the world. The low crime rate also contributes to security.
In Vietnam, the difference in climate between the North, South and Centre of the country is significant. The northern provinces have all four seasons, while the southern regions are marked by sunny and rainy weather. If you like warmth, Vietnam is the perfect place to relocate to, regardless of the season. It is worth remembering that it can be very hot in summer, and during monsoon rains, the rainfall can be much higher than normal.
Vietnam impresses with a variety of tourist destinations. From the sunny beaches in Nha Trang, Mui Ne, Fukuoka and Miek to the cool lakes and streams. We invite you to travel to historical places such as the Mekong Delta, Hue and Hoi An, as well as to visit artefacts in Ho Chi Minh City museums. Don't miss the opportunity to visit the beauty of Phong Nga Ke Bang National Park, Ha Long Bay and Mount Phan Sipan. A holiday in Vietnam will be a dream come true for nature lovers.
Daria Rogova, Head of Insurance at Visit World
To move, travel or work safely in a new country, you will need travel insurance. You can apply for an extended policy on our website here.
Products from Visit World for a comfortable trip:
Travel guide for 200 countries;
Legal advice from a local specialist on visa and migration issues;
Travel insurance around the world (please select the country of interest and citizenship to receive services);
Medical insurance all over the world.
In 2008, Kosovo declared its independence from Serbia, but until 2024, the country remained outside the EU visa-free regime. However, since January 2024, the situation has changed, and Kosovo citizens have been able to enter many EU member states without the need for a visa. Learn more about the details of the visa-free regime for Kosovo citizens to the EU
06 Feb. 2024More details
Starting next year, U.S. passport holders traveling to Europe will be required to apply for authorization through the European Travel Information and Authorization System (ETIAS) before traveling. Learn more about the program, which countries Americans will need to have an ETIAS authorization to travel to, and how to apply
07 Feb. 2024More details
Strikes are a regular occurrence in Europe, when workers stop working to fight for better pay and working conditions. They cause instability in public transportation and other industries. In particular, a large number of strikes are planned for February in different EU countries, which can significantly complicate the lives of residents and tourists. Find out more about where and when strikes will take place in February
08 Feb. 2024More details
Until recently, it was believed that only extreme parents could decide to travel with a baby. And other passengers looked at families with small children with great sympathy. However, little travellers can and should discover the world! Find out more about the features and important aspects of travelling with newborns
08 Feb. 2024More details