HCM City ranks among top 10 cheapest cities for foreigners

Financial news website Business Insider published an article on November 5 featuring 10 cities that have the cheapest living costs for expats from the United States, with Ho Chi Minh City topping the list, followed by Kuala Lumpur in Malaysia, and Bangkok in Thailand.

The article outlines that approximately 77% of foreigners living in Ho Chi Minh City that were surveyed declared that they feel satisfied with the current state of their finances. In contrast, these percentages in Kuala Lumpur and Bangkok stand at 73% and 63%, respectively. Indeed, the cost of living and housing in these three cities ranges from between US$500 and US$600 per month, far lower in comparison to the price of renting a one-bedroom apartment in the US which is typically US$1,600 per month.

“Vietnam's Ho Chi Minh City took the top spot for living costs and housing expenses, with more than three quarters of current expats living there saying they feel good about their finances,” the article states.

Along with these three cities, Business Insider listed a number of other locations that are also considered affordable for expats to live, including Taipei in Taiwan (China), Panama City in Panama, Mexico City in Mexico, Budapest in Hungary, Montreal in Canada, Doha in Qatar, and Bogota in Colombia.

According to the article, although departing the country for a life abroad isn't always easy, it can make life significantly more affordable, with these cities in particular making life far cheaper.

Across the world from European cities such as Budapest in Hungary, to Southeast Asian cities like Kuala Lumpur in Malaysia and Bangkok in Thailand, life is affordable for expats who are looking for lower living costs, Business Insider says.

Source: VOV
vov.vn

Related News

Are belongings of foreigners on business trip to Vietnam exempt from tax?

Are belongings of foreigners on business trip to Vietnam exempt from tax?

VCN - That is the question of Nhat Viet Relocation Company Limited, which has just been answered by the Customs Department and given specific instructions on providing a confirmation of residence of foreigners on business trip to Vietnam to follow tax exemption procedures for movable assets.
Ho Chi Minh City: Piloting digital transformation in retail

Ho Chi Minh City: Piloting digital transformation in retail

VCN - Selected to pilot the Program supporting retail stores in their digital transformation journey, Ho Chi Minh City is implementing comprehensive solutions to assist businesses and citizens in embracing digitalization.
Examine a series of businesses whose directors have just had their departure postponed

Examine a series of businesses whose directors have just had their departure postponed

VCN - Due to tax arrears, 6 business directors have just been notified by the Customs to temporarily suspend their departure from the country. Why do these businesses owe taxes?
HCM City Customs revoke declared value of more than 4,000 declaration after consultation

HCM City Customs revoke declared value of more than 4,000 declaration after consultation

VCN - Through price consultation operations for import and export goods, Ho Chi Minh City Customs Department has rejected the declared value of over 4,000 customs declarations.

Latest News

Vietnam maintains political stability, economic success in 2024: scholar

Vietnam maintains political stability, economic success in 2024: scholar

Professor Carl Thayer at the University of New South Wales at the Australian Defence Force Academy has described Vietnam’s maintenance of political stability and economic success as its outstanding achievements in 2024.
Vietnam expected to create hi-tech breakthroughs following partnership with NVIDIA

Vietnam expected to create hi-tech breakthroughs following partnership with NVIDIA

Two cutting-edge AI research centres, namely Vietnam Research and Development Centre and AI Data Centre, will be established under the partnership between Vietnam and US tech giant NVIDIA, making a significant milestone in the country’s technological transformation.
Vietnam needs a competitive energy market: experts

Vietnam needs a competitive energy market: experts

Vietnam is making significant strides toward transforming its energy sector by fostering a competitive and sustainable market to meet the nation’s socio-economic development demands.
PM calls for transformative energy projects

PM calls for transformative energy projects

Prime Minister Pham Minh Chinh has laid stress on the critical need for innovative power projects that are able to transform the nation’s energy landscape and prevent power shortages while addressing at a hybrid conference to review the investment and construction of the 500kVcircuit-3 power transmission line linking Quang Trach in the central province of Quang Binh and Pho Noi in the northern province of Hung Yen on December 8.

More News

November’s CPI grows 0.13%

November’s CPI grows 0.13%

Vietnam's consumer price index (CPI) for November rose by 0.13% from the previous month and 2.77% compared to the same period last year, announced the General Statistics Office (GSO) on December 6.
PM urges extra efforts to fulfil all 15 targets set for 2024

PM urges extra efforts to fulfil all 15 targets set for 2024

Ministries and sectors need to promote the mindset of daring to think, daring to act, and daring to take responsibility for the common interests, with the goal of achieving all 15 out of 15 targets set for 2024 so as to lay the foundation and momentum for next year, Prime Minister Pham Minh Chinh stressed at the Government’s monthly regular meeting on December 7.
Expansionary fiscal policy prevents recession, boosts aggregate demand

Expansionary fiscal policy prevents recession, boosts aggregate demand

VCN - Customs News interviewed Ms. Nguyen Thanh Nga, Deputy Director of the Institute of Strategy and Financial Policy (Ministry of Finance).
Economic, diplomatic achievements promote Vietnam’s image: Chinese scholar

Economic, diplomatic achievements promote Vietnam’s image: Chinese scholar

Vietnam’s economic accomplishments and diplomatic efforts in 2024 have significantly contributed to building a positive image of the country both regionally and globally, commented Prof. Xu Liping, Director of the Centre for Southeast Asian Studies at the Chinese Academy of Social Science (CASS).
Efforts made to complete EC’s recommendations on IUU combat

Efforts made to complete EC’s recommendations on IUU combat

Authorities in the central province of Quang Ngai has increase inspections and control over the operation of all fishing vessels, ensure that they comply with regulations.
Vietnam-China e-commerce: A perspective from Lang Son border

Vietnam-China e-commerce: A perspective from Lang Son border

VCN - Cross-border e-commerce is currently a hot topic among e-commerce businesses, particularly those actively developing digital platforms and cross-border electronic payment infrastructures through border gates in Lang Son province.
Localities report progresses in IUU fishing combat

Localities report progresses in IUU fishing combat

Coastal localities nationwide have implemented practical and effective activities and specific measures, demonstrating their determination to join the nation’s efforts to have the “yellow card” that the European Commission (EC) has imposed on Vietnamese seafood regarding illegal, unreported, and unregulated (IUU) fishing lifted in 2024.
Apparatus restructuring difficult but indispensable: PM

Apparatus restructuring difficult but indispensable: PM

Rearranging the organisational apparatus is a difficult task but it is essential, Prime Minister Pham Minh Chinh affirmed on December 4 at a Government conference to carry out the review of the implementation of Resolution No. 18-NQ/TW, issued by the Party Central Committee in 2017, which seeks to streamline the political system for greater efficiency.
Raising the position if Vietnam does not want to become a new "assembly factory"

Raising the position if Vietnam does not want to become a new "assembly factory"

VCN - A more aggressive version of “America First” is predicted when Donald Trump takes office as the 47th President of the United States. According to Associate Professor Dr. Pham Thi Thu Tra, Head of the Economics and Finance Department, RMIT University Vietnam, Vietnam needs to raise its position in the global value chain to seize opportunities if it does not want to become a new “assembly factory” of the world.
Read More

Your care

Latest Most read
Vietnam maintains political stability, economic success in 2024: scholar

Vietnam maintains political stability, economic success in 2024: scholar

Professor Carl Thayer at the University of New South Wales at the Australian Defence Force Academy has described Vietnam’s maintenance of political stability and economic success as its outstanding achievements in 2024.
Vietnam expected to create hi-tech breakthroughs following partnership with NVIDIA

Vietnam expected to create hi-tech breakthroughs following partnership with NVIDIA

Two cutting-edge AI research centres, namely Vietnam Research and Development Centre and AI Data Centre, will be established under the partnership between Vietnam and US tech giant NVIDIA, making a significant milestone in the country’s technological transformation.
Vietnam needs a competitive energy market: experts

Vietnam needs a competitive energy market: experts

Vietnam is making significant strides toward transforming its energy sector by fostering a competitive and sustainable market to meet the nation’s socio-economic development demands.
PM calls for transformative energy projects

PM calls for transformative energy projects

Prime Minister Pham Minh Chinh has laid stress on the critical need for innovative power projects that are able to transform the nation’s energy landscape and prevent power shortages while addressing at a hybrid conference to review the investment and construction of the 500kVcircuit-3 power transmission line linking Quang Trach in the central province of Quang Binh and Pho Noi in the northern province of Hung Yen on December 8.
November’s CPI grows 0.13%

November’s CPI grows 0.13%

Vietnam's consumer price index (CPI) for November rose by 0.13% from the previous month and 2.77% compared to the same period last year, announced the General Statistics Office (GSO) on December 6.
Mobile Version