Việt Nam an ideal destination for retiree expats once visa policy eased

Việt Nam is among the top destinations for those on a budget, allowing retirees to enjoy their quality of life while cutting their living costs by half, according to the International Living Retirement Index and US News & World Report. 

Some international reports and websites have listed Việt Nam among the countries that are friendly to retiree expats for its affordability. However, those who want to retire here are being hampered because of the challenges they need to overcome to get a visa.

Ideal destination for retirees

Việt Nam has recently become a sought-after destination for retirees from around the world seeking a fulfilling, affordable and unique lifestyle. The Southeast Asian country’s landscapes, low cost of living, friendly locals and growing economy make it an ideal expat haven. 

According to the International Living Retirement Index and US News & World Report, Việt Nam is among the top destinations for those on a budget, allowing retirees to enjoy their quality of life while cutting their living costs by half. 

Reports from Sputnik radio and the Los Angeles Times indicated that Việt Nam’s affordability, including inexpensive rentals, transportation and food costs, are among the top draws for international retirees. Even in the most expensive cities of HCM City and Hà Nội, two people can live comfortably for less than US$1,500 per month. 

A Los Angeles Times article noted, “Aging American boomers are living a lifestyle reminiscent of Florida, Nevada and Arizona, but in Việt Nam” at a fraction of the cost. “Monthly expenses here rarely exceed $2,000, including the help of a cook and a cleaner.” 

It quoted John Rockhold, an American veteran married to a Vietnamese wife who lives with two children in a 170sq.m four-bedroom apartment, for about $250,000 (nearly VNĐ6 billion at the time of purchase in 2011), in a 20-storey apartment building overlooking the Sài Gòn river. 

Việt Nam also ranks as one of the top ten destinations in the world for retirees who score it 85.8 out of 100, according to International Living’s recent report. With a warm tropical climate and abundant sunshine all year, Việt Nam offers an escape from harsh winter weather, while its diverse landscapes, from mountains to beaches, provide retirees with outdoor activities such as hiking, swimming and boating. 

From bustling cities like HCM City and Hà Nội to charming coastal towns like Đà Nẵng, Nha Trang, Mũi Né and Phú Quốc, Việt Nam has something for everyone. 

According to Janie, a HCM City-based expat: “Việt Nam’s largest city is great because it has all the amenities you could ever want – shopping, dining, entertainment – but it’s also reasonably priced.”

As a Hà Nội-based expat named Robin explained: “I love Hà Nội because it feels like stepping back in time. The Old Quarter is just magical, with all its old buildings and winding streets. But despite its old-world charm, Hà Nội is still very modern and cosmopolitan,” she said. 

For retirees who want to live near a beach, Việt Nam also has many beautiful coastal cities that promise a more relaxing lifestyle. 

​In addition to its practical suitability for retirees, the country also offers a unique cultural experience that enriches the retirement experience. Its centuries-old traditions and customs are still visible, allowing retirees to immerse themselves in local culture and appreciate the country's rich history and heritage.  It is also known for its world-class cuisine, with street food vendors, and restaurants that offer tasty and affordable options. 

Expat retirees can easily integrate into the local community because Vietnamese people are friendly and welcoming. While language might be a barrier, English is widely spoken in major cities such as HCM City and Hà Nội, making communication and getting around more accessible.

Việt Nam could be an ideal retirement destination for elderly people looking for a great lifestyle and low cost of living. But restrictions currently in place mean it's incredibly difficult for elderly people to live here permanently without a job or investment visa.

Retiring in a foreign country can present several challenges, and Việt Nam is no exception, especially regarding its language barriers, unfamiliar customs, and visa policies.

SOURCE: Vietnamnews.vn