Retire in Vietnam: The Ultimate Guide to Costs, Visas, and Lifestyle for Expats

For many people, retirement is about finally having the time to live life on your own terms. And if you’ve ever dreamt of swapping grey skies for golden beaches, or daily routines for new adventures, then retiring in Vietnam might just tick all the right boxes.

As a financial adviser and expat myself, I’ve helped many clients plan for life abroad and I understand both the excitement and the uncertainty that come with such a big decision. In this guide, I’ll walk you through what it really takes to retire in Vietnam: the costs, visas, lifestyle, and the financial planning steps that can make it all work seamlessly.

Why Vietnam Appeals to Retirees

It’s not hard to see why so many expats are drawn to Vietnam. The country offers an enticing mix of affordability and beauty. Whether it’s the ancient streets in Hanoi, or a cup of coffee by the beach in Da Nang, or the modern buzz of Ho Chi Minh City, Vietnam gives you plenty of options, all at a fraction of the cost of most Western countries.

According to International Living, Vietnam’s cost of living is around 55–60% lower than in the UK. That means your pension or savings stretch significantly further. And it’s not just about money, it’s about lifestyle. The pace of life here is more relaxed, the food is exceptional, and locals are famously warm and welcoming. For many, it’s a wonderful balance between affordability and adventure.

Pros and Cons of Retiring in Vietnam: A Balanced View

No retirement destination is perfect, and Vietnam is no exception. While the country offers remarkable affordability and a relaxed pace of life, it also presents challenges that may not suit everyone. Understanding both sides of the equation allows you to make a well-informed decision, one grounded in realism rather than romanticism.

I’ve crafted a balanced summary of the main pros and cons of retiring in Vietnam below for your reference:

The Cost of Living in Vietnam

First, let’s talk numbers, because this is where Vietnam really shines. Your budget will, of course, depend on where and how you want to live but even in the larger cities, your pounds go a long way.

If you choose a smaller coastal town like Hoi An or Nha Trang, you could live comfortably on around £800 to £1,200 per month. In Ho Chi Minh City, a more urban lifestyle might bring your total closer to £1,500–£2,000.

When I work with clients on retirement planning, I always suggest creating three budgets: a basic, a comfortable, and a “just-in-case” version.

Not only should you care about daily expenses, but planning for healthcare, travel, and unexpected costs should also be taken into consideration. Having these scenarios mapped out can give you peace of mind and help you enjoy retirement without worrying about what’s next.

How Much Money Do You Need to Retire in Vietnam?

This is also a question that a lot of my clients have asked me.

The truth is, there isn’t a single number that fits everyone. It depends on a lot of factors such as lifestyle, expectations, and locations. However, I can give you a few examples that I often use when building client retirement plans.

1. Modest Lifestyle – Around £700–£1,000 per month

Perfect for those who value simplicity and local living. You could rent a small flat or house in towns like Hoi An, Dalat, or Vung Tau, eat mostly local food, and enjoy a relaxed, community-based life.

Annual expenses: roughly £9,000–£12,000

Retirement fund goal: around £240,000–£300,000 to cover 20–25 years comfortably.

Many retirees in this range rely primarily on pensions or modest investments, supplemented with regular savings that generate steady returns.

2. Comfortable Lifestyle – Around £1,200–£1,800 per month

This is the sweet spot for most expats. It allows for a spacious apartment or small villa, eating out several times a week, occasional travel, and comprehensive healthcare.

Annual expenses: roughly £15,000–£22,000

Retirement fund goal: around £400,000–£550,000 for long-term sustainability.

At this level, I often help clients combine pension solutions (like SIPPs or QROPS) with offshore savings and tax-efficient investment strategies. This ensures your income is stable, flexible, and protected from currency fluctuations.

3. Luxury Lifestyle – £2,500+ per month

If you’d prefer premium housing, private healthcare, regular international travel, or staff like a housekeeper or driver, you can still do so for much less than it would cost in Europe.

Annual expenses: about £30,000–£40,000

Retirement fund goal: ideally £750,000–£1 million, or a mix of pension income and investment yield to sustain long-term comfort.

This lifestyle suits clients who view Vietnam as their primary base but still wish to maintain homes or investments abroad. Here, structured property solutions, such as international mortgages or diversified property portfolios, can help ensure your money continues to work for you.

Visa and Residency Options

At present, Vietnam doesn’t have a specific “retirement visa” for expats, but that doesn’t mean it’s impossible. Below is a list of some of the available visas you can consider when making your decision of retire in Vietnam:

1. Tourist Visas (Short-Term, Renewable)

For many retirees and digital nomads, the simplest route is a tourist visa. These typically last 30 to 90 days and can be renewed or extended while in Vietnam through a local visa agency. Some expats choose to exit and re-enter the country, often referred to as a “visa run”, to reset their stay.

While this option works well for those still testing the waters or moving between different Asian countries, it does require ongoing attention to renewals. If you plan to make Vietnam your long-term base, it’s worth exploring other visa categories that offer more stability.

2. Business Visas and Investor Visas

If you plan to start a small business, consult, or invest locally, the DN (business) visa or DT (investor) visa might be a good fit.

A business visa (DN) can be obtained if you register a company or are employed by one in Vietnam. Many retirees use this route by setting up a small consultancy or investment holding company, not necessarily to run a day-to-day business, but as a legitimate means of residence.

The investor visa (DT) is tied to capital investment. The amount required varies depending on the scale of the business or property project, but even modest investments can sometimes qualify. These visas usually allow stays of one to five years, and can be renewed, giving you greater security than short-term tourist visas.

This is one area where future planning and property investment advice come into play. With professional guidance, it’s possible to structure your investments so they not only satisfy visa requirements but also contribute meaningfully to your long-term financial strategy.

3. Temporary Residence Cards (TRCs)

For those who plan to stay long-term, a Temporary Residence Card (TRC) is one of the most convenient solutions. TRCs are typically valid for one to three years, and they’re available to people holding work permits, investor visas, or those married to Vietnamese citizens.

Once granted, a TRC functions much like a visa-free status within its validity period; you can travel in and out of Vietnam without reapplying each time. For retirees who qualify through investment or family ties, this can make life considerably simpler.

4. Spousal and Family Visas

If you’re married to a Vietnamese citizen, you’re eligible for a TT visa, which allows you to reside in Vietnam as a dependent of your spouse. These visas can be renewed annually and, over time, can lead to more stable long-term residency options.

Even if you’re not yet eligible for permanent residency, this route often comes with fewer restrictions and a simpler renewal process. It’s also worth noting that Vietnam recognises both local and foreign marriages, provided they’re legally registered.

5. Expert or Work Visas

While this may not apply to most retirees, some expats continue working part-time or on consultancy projects after moving abroad. In these cases, the LD (work) visa can be useful. It’s tied to a work permit issued by a Vietnamese employer or business, and can later lead to a Temporary Residence Card.

This option suits semi-retired individuals who still wish to stay active professionally, perhaps sharing their expertise or mentoring locally.

6. Long-Term Residency (Future Potential)

Vietnam does not currently offer a direct “permanent residency” or “retirement visa” pathway. However, the government has discussed introducing retirement-focused programmes in recent years, similar to those in Thailand or Malaysia. It’s worth keeping an eye on policy developments, as these could eventually simplify the process for retirees seeking long-term settlement.

For now, a combination of renewable business or investor visas, alongside careful legal and financial structuring, provides a sustainable and compliant way to reside in Vietnam year-round.

Choosing the Right Place to Settle

Vietnam is wonderfully diverse with 88 cities for you to choose from, so your ideal location depends on the kind of lifestyle you want.

Ho Chi Minh City (Saigon)

If you enjoy vibrant city life, Ho Chi Minh City (or Saigon, as it’s still affectionately known) is Vietnam’s beating heart.

It’s full of energy and home to a thriving expat community. You’ll find an endless choice of cafés, restaurants, rooftop bars, and cultural events, alongside excellent international hospitals and schools.

Of course, it’s a little more expensive than smaller cities, but for many retirees, the convenience and cosmopolitan lifestyle are well worth it. Saigon suits those who still want that buzz of activity, combined with all the modern comforts of an international city.

Hanoi

Vietnam’s capital offers a completely different atmosphere. Where Saigon feels modern and dynamic, Hanoi is steeped in history and charm. Narrow streets wind through the Old Quarter, where traditional shops sit beside elegant French colonial buildings.

The seasons are even more distinct here, with 4 seasons instead of 2 like in the south (a fact I think many retirees from Europe can appreciate.) Hanoi has a slower rhythm compared to Saigon, but it’s rich in culture, art, and local tradition. For those who value authenticity and a sense of place, Hanoi provides an incredibly rewarding lifestyle.

Da Nang and Hoi An

These two locations, which are just a short drive apart, strike a perfect balance between modern living and coastal tranquillity.

Da Nang has grown into one of Vietnam’s most liveable cities, offering clean streets, a relaxed pace, and plenty of amenities, including international hospitals and a small but growing expat community.

Meanwhile, Hoi An, with its lantern-lit streets and riverside charm, appeals to those who want a quieter, more traditional setting.

You could easily live in Da Nang and visit Hoi An at weekends, or vice versa. Many of my clients find this region ideal because it combines affordability, safety, and lifestyle in one place.

Nha Trang, Mui Ne and Phu Quoc

If you’ve always dreamed of waking up to the sound of the sea, Vietnam’s coastal and island options are hard to beat.

Nha Trang is lively, social, and full of beachfront apartments, perfect for retirees who love swimming, diving, or simply watching the sunset with friends.

Mui Ne is smaller and known for its peaceful beaches and kite-surfing scene, ideal if you prefer a slower pace.

Then there’s Phu Quoc, Vietnam’s largest island, which has transformed into a tropical retreat with a growing expat community, modern resorts, and year-round warm weather.

Each of these destinations offers a relaxed way of life, excellent seafood, and an easygoing rhythm that makes retirement feel like an extended holiday.

I often encourage clients to spend at least a few months exploring before deciding. Visit at different times of year, rent in a few areas, and see where you feel most at home.

If you plan to buy, it’s worth having a proper property investment strategy in place, one that considers both lifestyle and long-term financial growth.

Healthcare and Insurance

Healthcare in Vietnam has improved dramatically in recent years. In the major cities, you’ll find excellent international hospitals and English-speaking doctors. However, in smaller towns, the standard can vary, so most expats take out international health insurance for peace of mind.

Policies start at around £40–£60 per month, depending on your age and coverage. It’s also worth considering life insurance if you want to protect your loved ones or leave a financial legacy.

Through my Insurance Solutions, I work with global insurers to create tailored packages for expats, ones that combine local practicality with international protection. The goal is simple: to help you focus on enjoying your life abroad, knowing your health and family are looked after.

Financial Planning for Life in Vietnam

Relocating to another country is already a daunting task in itself, combine that with finance and you can see a headache incoming. But don’t worry, here are a few key points I discuss with clients who plan to retire in Vietnam:

1. Managing Currency and Banking

Vietnam’s local currency, the đồng (VND), can fluctuate, so keeping part of your wealth in pounds or dollars helps maintain stability. Setting up offshore or international banking also makes transferring pensions and savings easier and usually cheaper.

My Foreign Exchange and Offshore Banking services are designed to help expats reduce transfer fees and manage cross-border income efficiently.

2. Pension Planning

Before you move, it’s important to understand how your pension works overseas. If you’re a UK expat specifically, then you may want to look into structures like SIPPs, QROPS, or QNUPS, which can offer flexibility and tax advantages.

With my pension solutions, I help clients assess their UK or European pension options, ensuring their retirement income supports the life they want to live, whether that’s on the beach in Da Nang or exploring Southeast Asia.

3. Savings and Investment Strategies

Vietnam’s lower living costs can make it easier to save or reinvest your money. Through regular savings or Lump-Sum Investment Solutions, you can continue to grow your wealth even in retirement.

I take pride in researching global markets and working with technical and tax advisers to find the most efficient solutions, all tailored to your specific goals.

4. Succession and Estate Planning

Lastly, it’s worth thinking about what happens to your estate. Inheritance laws differ between the UK and Vietnam, so proper succession planning is essential. With the right structure, you can make sure your wealth is passed on smoothly and efficiently to your loved ones.

Preparing for the Move

Relocating to another country is one of the most exciting decisions you can make. Yet, like any major life change, it’s worth preparing carefully to ensure the transition goes as smoothly as possible. Here are some of the key steps I recommend to clients who are getting ready to move to Vietnam.

1. Spend a Few Months in Vietnam

Before making any permanent commitments, spend time exploring different parts of Vietnam. A few months on the ground will help you understand what daily life really feels like: the pace, the people, the culture, even the weather.

You might discover that the energy of Ho Chi Minh City suits you perfectly, or perhaps you’ll fall for the charm of Hoi An’s slower rhythm. Renting short-term accommodation gives you flexibility and perspective before you decide where to settle more permanently.

2. Review Your Visa and Tax Situation

Your visa and tax position are two areas best addressed well before you relocate.

Vietnam’s visa rules can be nuanced, and your residency status may affect how your income is taxed both locally and in your home country. Reviewing this early helps you avoid unnecessary complications later.

This is where professional advice can make a real difference. Aligning your visa strategy with your future planning and pension solutions ensures everything works together smoothly.

3. Speak With a Financial Adviser

Financial planning doesn’t stop when you retire; it simply evolves. Before you move, take time to review your pension arrangements, savings, and investment structures.

A qualified adviser who specialises in expat finance, such as myself, can help you assess whether financial tools like QROPS, SIPPs, or offshore savings accounts are suitable for your situation.

4. Set Up Your International Banking and Insurance

A smooth transition also depends on having your financial infrastructure in place. Setting up offshore banking allows you to move funds between currencies easily, manage regular income such as pensions, and avoid unnecessary transfer fees.

At the same time, securing health and life insurance gives you peace of mind from day one. I always advise clients to choose international policies that offer both local coverage in Vietnam and global support should they travel or relocate again later.

5. Create a Succession Plan

When living abroad, inheritance and estate laws can become complex. What’s valid in your country may not automatically apply in Vietnam, so it’s wise to have a clear succession plan in place.

This ensures your assets are passed on smoothly and according to your wishes. A well-structured estate plan protects your family and reduces potential legal or tax issues across jurisdictions.

6. Keep Your Plan Flexible

Even the best-laid plans benefit from a little flexibility. Exchange rates fluctuate, healthcare needs evolve, and your personal circumstances may change over time.

By building adaptability into your plan, you’ll be better prepared to adjust when needed. Flexibility isn’t about uncertainty; it’s about resilience and long-term confidence.

7. Review Your Finances Annually

Once you’re settled, make it a habit to review your financial situation each year. Laws, tax rules, and personal priorities can change, and an annual review ensures you remain on track.

Many of my clients appreciate having an ongoing relationship where we revisit their plan regularly, making small adjustments as life unfolds. This proactive approach keeps your finances aligned with your goals, wherever life takes you next.

Planning Your Retirement in Vietnam

Retiring in Vietnam can be an immensely rewarding chapter of life. But, as with any major financial decision, success starts with careful preparation.

If you’re thinking seriously about retiring in Vietnam, I’d be happy to discuss how to make it work for you, financially, practically, and personally.

Contact us today and here’s to your next adventure!