The travel magazine Travel+Leisure has just announced that Vietnam is one of the eight most livable and affordable countries for retired travelers.
International tourists in Hoi An. Photo: Minh Hai
According to experts from this magazine, for many people, retirement is a time to have more time for personal hobbies and passions. Travel+Leisure believes that factors such as weather, location, access to healthcare services, language, visas, and financial requirements will contribute to their decision on where to live during retirement.
Travel+Leisure analyzed data from Numbeo (a database that specializes in statistical indexes on living standards in cities and countries around the world through surveys), updated as of May 2024, to compare living costs and compile a list of eight livable countries with affordable costs for retirees.
Accordingly, located in Southeast Asia, Vietnam has affordable living costs. Especially for retirees who love adventure and exploration, the beaches, scenery, cuisine, history, and culture in Vietnam are the factors that attract them.
The total cost of living in Vietnam is approximately 59% lower than in the United States, and rental prices are about 78% lower depending on the location.
Notably, in Ho Chi Minh City, which has the largest expatriate community, the cost of living is about 70% lower than in New York, and housing costs are about 87% lower. Not only are long-term visa procedures for foreigners not too complicated, but healthcare services in Vietnam are also affordable, both in the public and private systems.
Earlier, on May 16, Travel+Leisure also suggested Nha Trang as one of the eight great beach resort destinations to enjoy retirement, with beautiful scenery and mild weather.
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Source: Vietnam Insider