Is Vietnam the world's cheapest country?

Vietnam Retains Title as World’s Cheapest Country

Vietnam has once again been crowned the most affordable country to live in, according to the latest Expat Insider survey conducted by InterNations. This esteemed study has recognized Vietnam as the global leader in affordability for an impressive four consecutive years.

The Expat Insider survey takes into account various factors that contribute to a country’s cost of living, including housing, groceries, transportation, healthcare, and entertainment. Vietnam consistently ranks among the lowest in these categories, making it an incredibly budget-friendly destination for expats.

Housing and Utilities

Housing is a significant expense for expats in many countries, but Vietnam offers remarkably affordable options. Rent for a three-bedroom apartment in the capital city of Hanoi averages around $300 per month, while a similar apartment in Ho Chi Minh City costs approximately $450 per month. Utilities such as electricity, water, and gas are also relatively cheap, contributing to the overall low cost of living.

Groceries and Dining

Vietnam’s cuisine is renowned for its freshness and affordability. Groceries are readily available and reasonably priced. Expats can expect to spend around $200 per month on groceries, depending on their lifestyle and dietary preferences. Dining out is also a budget-friendly affair, with a meal at a mid-range restaurant costing around $5-10.

Transportation

Transportation is another area where Vietnam excels in affordability. Public transportation, including buses and trains, is efficient and inexpensive. Expats can also hire a motorbike or bicycle for a fraction of the cost of owning a car. Taxi fares are also relatively low, making it convenient to get around without breaking the bank.

Healthcare

Healthcare is another essential factor to consider when assessing the cost of living. Vietnam’s healthcare system is ranked among the best in Southeast Asia, providing affordable and accessible medical services. Expats can purchase private health insurance for added peace of mind, which typically costs around $100 per month.

Entertainment

Vietnam offers a wide range of entertainment options to suit various tastes and budgets. Cinema tickets, concerts, and sporting events are all relatively affordable, making it easy for expats to enjoy their leisure time without spending a fortune.

In conclusion, Vietnam continues to be the world’s most affordable country to reside in. With its low housing costs, budget-friendly groceries, efficient transportation, affordable healthcare, and ample entertainment options, Vietnam offers expats an exceptional value for their money.