Việt Nam among top 7 cheapest coastal countries for retirees

By Custom Vietnam Travel | Updated 1/5/2019

Việt Nam is ranked among the top 7 cheapest coastal countries for retirees to put their legs up, with its more than 3,000km of coastline. 

Phu Quoc Island Vietnam

Vietnam ranks seventh among 10 best beach destinations in the world for retirees this year, according to a report compiled by International Living, an Ireland-based publishing company that writes about retiring overseas; and Panama-based travel magazine Live and Invest Overseas.

“If 2019 will bring you retirement and a slower pace of life, you may be looking to relocate so you can spend your glory days by the beach,” the report said.

Nha Trang Beach 

For retirees looking for a place for long-term stays at a lower cost of living, Vietnam is a dream retirement destination with many places where a couple can live for less than $1,000 a month, the report said.

Unlike Vietnam’s two busier metropolises Hanoi and Ho Chi Minh City, the coastal city of Da Nang offers a slow pace of life in relative seclusion.

Panama tops the list this year, followed by Portugal and Costa Rica. The rest of the top 10 are Indonesia, Malaysia, Ecuador, Thailand, Brazil and Spain.

When it comes to a cheap beach holiday, Vietnam is truly the place with three of the most affordable beaches on earth (Cua Dai Beach near Hoi An, Nha Trang Beach and Long Beach on Phu Quoc Island), says TravelBird, a Netherlands-based travel site.

Vietnam has consistently been ranked as one of the world’s cheapest destinations for travellers for its low living costs.

Number estimates an expat’s monthly living costs in Vietnam at $700 to $1,400.

In 2017, the Forbes magazine ranked Vietnam as one of the cheapest destinations to visit, with affordable luxury resorts, healthy food at cheap prices and beautiful sights. Vnexpress

Phu Quoc Island

Moreover, Vietnam is the second cheapest country to retire to this year, according to the latest Annual Global Retirement Index. Published by Ireland’s InternationalLiving.com, the Index lists the best retirement havens by scoring countries in 13 categories, including buying and investing, renting, benefits and discounts, visas and residence, cost of living, fitting in, entertainment and amenities, healthcare, healthy lifestyle, development, climate, opportunity, and governance.

The main goal of the Index is to help retirees find locations where their dollar goes further - where they can get the best value for money in terms of cost of living, housing, and overall quality of life.

While Vietnam is only ranked 19th among 25 countries in the index overall, it is the second best in terms of cost of living. “Vietnam is a fascinating and vibrant destination, rich in natural beauty, steeped in history and brimming with opportunity,” according to InternationalLiving.com. “Whether you want to live in the heart of the city, nestle among pine-forested mountains, or overlook a sun-washed beach, you’ll find modern, high-quality housing for low prices.”

More and more Americans are retiring abroad. The Social Security Administration is now paying benefits to more than half a million Americans living outside the US - a number that has been steadily rising. One big reason for that rise is that many Americans have not saved enough money to live in retirement the way they would want to in the US once they are on Social Security, according to an article published by Investopedia, part of the Dotdash publishing family, on January 29.

If tourists have travelled to Vietnam in recent years and found it an appealing place, they might want to consider actually moving there when they retire. Actually, even those who have never been there might think about choosing it for a new home, the article noted. Vietnam is famous for its beautiful beaches and, surprisingly enough, for its friendliness to Americans.

Since 1979, InternationalLiving.com has been the leading authority for anyone looking for global retirement or relocation opportunities. Through its monthly magazine and related e-letters, extensive website, podcasts, online bookstore, and events held around the world, it provides information and services to help its readers live better, travel farther, have more fun, save more money, and find better business opportunities when they expand their world beyond their own shores. InternationalLiving.com has more than 200 correspondents travelling the globe, investigating the best opportunities for travel, retirement, real estate, and investment.

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