Context:
Vietnam remains the most affordable country for expatriates for the fourth year in a row, while India ranks 6th.
Key Findings of the Study
A recent study by InterNations ranked Vietnam first out of 53 destinations due to its low cost of living, financial stability, and overall quality of life.
- These factors make Vietnam an attractive destination for individuals looking to relocate abroad.
- The study, which surveyed over 12,000 expats across 174 territories worldwide, emphasised Vietnam’s competitive edge in housing affordability, alongside reasonable expenses for essentials such as food, transportation, and entertainment.
- Expats consistently praised Vietnam for its welcoming environment and the ease of settling into everyday life, thus making it an attractive destination for individuals looking to relocate abroad.
India’s ranking in Expat destination list:
- India secured the 6th position in the top 10 expat destinations list.
- Known for its rich cultural tapestry and diverse job opportunities, India continues to attract expatriates seeking a blend of traditional charm and modern amenities.
Southeast Asia’s prominence:
- Southeast Asia emerged prominently in the rankings, with Vietnam, Thailand, Indonesia, and the Philippines among the top 10 countries.
- These nations are celebrated for their cultural diversity, vibrant communities, and favourable living conditions, offering expats a fulfilling lifestyle experience.
Key Factors in Evaluation:
- The InterNations study evaluated destinations based on several key factors:
- Quality of life
- Digital connectivity
- Housing availability
- Career prospects
- Salary levels
- Job security
- This comprehensive assessment provides valuable insights for expatriates considering international relocation, guiding them in making informed decisions about their future abroad.
Top 10 wallet-friendly destinations for expats:
- Vietnam
- Colombia
- Indonesia
- Panama
- Philippines
- India
- Mexico
- Thailand
- Brazil
- China