According to the Expat Insider 2024 report released in mid-July, Vietnam is the most affordable country in the world for expatriates, topping the list of 53 destinations in terms of personal finance. This marks the fourth consecutive year Vietnam has led in this category.
The report, conducted by InterNations, a community for expatriates with over 5.3 million members from 420 cities worldwide, highlights Vietnam’s top ranking in overall cost of living, satisfaction with financial situation, and whether household disposable income is sufficient for a comfortable life.
Among expatriates living in Vietnam who participated in the survey, 86 per cent rated the cost of living as good, significantly higher than the global average of 40 per cent. Notably, 68 per cent reported that their disposable income was more than enough to provide a comfortable life, significantly higher than the average of 41 per cent in other surveyed countries. Additionally, expatriates are satisfied with the work-life balance in Vietnam, with 73 per cent giving positive feedback, compared to the global average of 60 per cent.
Besides ranking first in personal finance, Vietnam stands at 29th in essential services for expatriates, such as digital life, housing, and language, and 40th in quality of life among the 53 destinations.
Vietnam ranks eighth globally as the best place to work for expatriates according to InterNations, and 13th position in ease of settling in, with diverse entertainment options and relatively high security scores above the global average.
However, Vietnam’s ranking in terms of quality of life is still relatively low at 40th, despite some improvements. The environment and climate category is among the worst, stranded at 50th position. Public and personal transportation also receive low ratings, ranked 37th and 47th, respectively.
