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Viet Nam ranks first in most affordable country list for expats

VGP - Viet Nam is the most affordable country in the world for expats, ranking first out of 53 destinations in terms of personal finances, according to a 2024 InterNations study.

July 08, 2024 7:42 PM GMT+7
Viet Nam ranks first in most affordable country list for expats- Ảnh 1.

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This is the fourth time the Southeast Asian nation makes its name in the list.

The study surveyed over 12,000 expats across 174 countries and territories worldwide to find the best and worst places to live, measure quality of life, working abroad and personal finance.

For the Personal Finance Index, InterNations asked survey respondents to rank their personal satisfaction levels in three areas: general cost of living, satisfaction with financial situation, and whether disposable household income was enough to lead a comfortable life.

Here are the top 10 destinations expats say are best for their personal finances are Viet Nam, Colombia, Indonesia, Panama, the Philippines, India, Mexico, Thailand, Brazil and China.

Of surveyed expats living in Viet Nam, 86 percent rate its cost of living favorably — that’s more than twice the global average of 40 percent, and 65 percent of respondents in the country say they are satisfied with their financial situation compared to 54 percent globally.

Meanwhile, 68 percent of respondents say their disposable household income is more than enough to lead a comfortable life, compared to 41 globally, the survey showed.

Last year, in an annual survey of InterNations to select the best destinations for expats in 2023, Viet Nam came 14th out of 53 destinations./.