Vietnam named most affordable country in the world for foreigners - VnExpress International (2024)

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Vietnam named most affordable country in the world for foreigners - VnExpress International? ›

The Expat Insider 2017 survey released on Thursday has put Vietnam in the spotlight as the cheapest place to live for expats. The country has jumped five places from the previous year to top the 2017 table, confirming how affordable it is for foreigners to live and work here.

Here are the top 10 cheapest countries in the world, where your dollar can stretch further than you ever imagined. 1. Vietnam: With its breathtaking natural beauty, rich history, and delicious cuisine, Vietnam offers incredible value for money.

The cheapest countries in the world are Pakistan, Egypt, and Bhutan. To live comfortably in one of these states, a person needs under $400 per month. These countries, however, are unconventional choices for expats and digital nomads because of their low levels of safety and quality of life.

Vietnam is one of the cheapest countries in the world to travel. Even amongst the other countries in South East Asia, which are generally cheap places to travel, it's still one of the cheapest.

Vietnam's living cost per month can vary depending on various factors such as location, accommodation, and personal preferences. On average, the basic living expenses can range from $500 to $1,000 per month.

The cost of living in Vietnam

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.

Scoring high on the Global Peace Index 2023, Bulgaria is one of the cheapest and safest places to live in the world. The beautiful coastal city boasts an affordable cost of living, with an individual expat living comfortably at $1,300 per month (on average).

Luckily, both destinations are quite affordable compared to most other tourist spots in the world. So if you're looking to save some of those bucks, the stats are clear – Vietnam is cheaper than Thailand. Since Thailand is quite tourist-oriented, it tends to be a bit more expensive.

What is Vietnam famous for? ›

Vietnam is famous for its deeply rooted in its rich and ancient culture, which is reflected in its architecture, festivals, arts, and traditions. The UNESCO World Heritage Sites of Hue, Hoi An, and My Son showcase the imperial, colonial, and indigenous heritage of Vietnam, with beautiful pagodas, temples, and palaces.

Mid-range Casual Restaurants: If you want to eat at sit-down restaurants for each meal, plan to spend between $15 to $30 each day of your trip. Meals at casual air-conditioned restaurants usually cost between $5 to $10.

There are different prices. The city center will cost from 200,000 to 1,000,000 USD. If it is far from the center, the price will be cheaper from 100,000 to 200,000 USD. The average price will be around 2500usd per square meter.

Vietnamese is, unsurprisingly, the official language of Vietnam, but English is the preferred second language in this country. Some estimates put the percentage of people who speak English in Vietnam at more than 50%.

According to Knight Frank's report, in order to be included in the 1% richest people in Vietnam, one needs to have assets worth at least US$160,000. For Monaco, which has the world's densest population of super-rich, the entry point for the principality's branch of the 1% club is US$7.9 million.

By International Living, Your #1 resource for a global lifestyle since 1979. Vietnam is an inexpensive country to live in. Most items cost less than half of what you would pay in the West, and anywhere from 5% to 25% less than what they would cost in many other Southeast Asian countries.

Luckily, both destinations are quite affordable compared to most other tourist spots in the world. So if you're looking to save some of those bucks, the stats are clear – Vietnam is cheaper than Thailand. Since Thailand is quite tourist-oriented, it tends to be a bit more expensive.

Vietnam is cheap for most things except what westerners use like milk, cheese, wine computers and phones a bit more than Australia. Internet is cheap also electricity and rent so eat Vietnamese food and live well on US $250 a week or less.