In a comprehensive study conducted by InterNations in 2024, Vietnam has once again secured its position as the most affordable destination for expatriates. This marks the fourth consecutive year that the Southeast Asian nation has topped the list, solidifying its reputation as a prime location for those seeking an economical lifestyle abroad.
The InterNations study surveyed over 12,000 expats from 174 territories worldwide. Participants were asked to rank their satisfaction based on several key factors:
The study evaluated 53 destinations globally, considering various aspects of expatriate life, including:
The study revealed the following ranking of wallet-friendly destinations for expatriates:
Notably, six out of the top ten spots are occupied by Asian countries, with Southeast Asian nations particularly prominent in the list.
Vietnam’s achievement is particularly impressive given that it has maintained its top position for four consecutive years. This consistency speaks to the country’s enduring appeal to expatriates seeking affordable living conditions.
Vietnam excelled in several crucial areas that contribute to its overall affordability and attractiveness to expats:
Kathrin Chudoba, Chief Marketing Officer for InterNations, highlighted the exceptional housing situation in Southeast Asian countries:
Chudoba noted, “Housing is a big plus in all four countries… Most expats agree that it’s easy to find housing, and they are happy with how affordable it is.”
The study revealed a trend towards prioritizing work-life balance over career advancement in Vietnam. This is exemplified by the lower percentage of full-time working expats compared to the global average.
A British expat in Vietnam shared their experience: “Life here is stress-free for me, it is a wonderful change from my work life, which was very consuming and hectic.”
For individuals considering a move abroad in search of a more affordable and enjoyable lifestyle, Vietnam presents itself as an highly attractive option. The country offers a combination of:
These factors contribute to making Vietnam a top choice for expatriates looking to stretch their budget without compromising on lifestyle quality.
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