31/01/2025
Retiring in Vietnam as an expat can be a great option due to the country's low cost of living, warm climate, and welcoming culture. However, careful financial and legal planning is required. Here’s a breakdown of key considerations:
1. Visa & Residency
Vietnam does not currently offer a specific retirement visa. However, expats typically use:
Tourist Visa: Available for 1-3 months (extensions possible but increasingly difficult).
Business Visa: Some retirees set up small businesses or use business visas for longer stays.
Long-term Stay Options: Many retirees do visa runs or hire agencies to assist with visa extensions.
Marriage Visa: If married to a Vietnamese citizen, you can get a spousal visa with long-term residency options.
2. Cost of Living
Vietnam is one of the most affordable retirement destinations. Monthly expenses vary by lifestyle and location:
Hanoi & Ho Chi Minh City (Saigon): $1,200 - $2,000 per month
Da Nang & Nha Trang (beach cities): $1,000 - $1,500 per month
Dalat & Hoi An (quieter cities): $800 - $1,200 per month
Rent is the biggest variable. A modern one-bedroom apartment in major cities can cost $300 - $700 per month.
3. Healthcare
Vietnam has a mix of public and private healthcare:
Public hospitals: Cheap but can have long waits and inconsistent quality.
Private hospitals (e.g., Vinmec, FV Hospital): High quality, with English-speaking doctors.
International insurance: Expats usually buy international health insurance (costs range from $500 - $3,000 per year).
4. Banking & Finances
Opening a Bank Account: You’ll need a valid visa and proof of residence.
Currency: Vietnam uses the Vietnamese D**g (VND), but USD is widely accepted.
Taxes: Vietnam taxes worldwide income if you stay 183+ days per year.
International Transfers: Some expats keep foreign bank accounts for pensions and use TransferWise (Wise) or Revolut.
5. Property & Housing
Buying Property: Foreigners can buy apartments (condos) but not land (though leasehold options exist).
Renting: The easiest and most flexible option.
6. Lifestyle & Community
Expat Communities: Large expat hubs in Ho Chi Minh City, Hanoi, Da Nang, Nha Trang, and Hoi An.
Food & Entertainment: Vietnam has great food, cultural activities, and a vibrant café scene.
Language: English is spoken in major cities, but learning basic Vietnamese helps.
7. Legal & Safety
Crime Rate: Generally safe, but be cautious of petty theft.
Legal Issues: Vietnam has strict laws; stay updated on visa rules and property regulations.
Would you like recommendations on specific cities, expat groups, or financial planning tips?