Is Vietnam cheapest country in the world?

Vietnam: Maintaining its Reign as the World’s Most Budget-Friendly Destination

For the fourth consecutive year, the prestigious Expat Insider 2024 survey has bestowed upon Vietnam the honor of being the most affordable country in the world for expatriates. This distinction is a testament to the country’s consistently low living costs, which continue to draw visitors from far and wide.

Remarkably Low Expenses

One of the most significant factors contributing to Vietnam’s affordability is the remarkably low cost of living compared to other popular expat destinations. According to the survey, the average cost of living in Vietnam is significantly lower than in many Western countries, including the United States, Canada, and the United Kingdom.

Accommodation, Transportation, and Food

Rent prices in major Vietnamese cities like Ho Chi Minh City and Hanoi are highly competitive, making it possible for expats to secure comfortable accommodations without breaking the bank. Public transportation is also incredibly affordable, with buses and trains offering convenient and inexpensive ways to get around.

In terms of food, Vietnam is well-known for its delectable and budget-friendly cuisine. Street food vendors offer a wide variety of dishes at incredibly low prices, allowing expats to indulge in authentic local flavors without straining their wallets.

Other Advantages

Beyond its low living costs, Vietnam also boasts other advantages that contribute to its appeal as an expat destination. The country has a warm and welcoming culture, making it easy for foreigners to integrate. The healthcare system is affordable and readily accessible, providing peace of mind for those moving abroad.

Additionally, Vietnam’s vibrant economy and growing job market offer ample opportunities for expats to find employment and build fulfilling careers.

Conclusion

Vietnam’s status as the world’s most budget-friendly country is well-deserved. With its remarkably low living costs, welcoming culture, and abundant opportunities, Vietnam continues to be an attractive destination for expats seeking an affordable and enriching experience abroad.