Is it easy for an expat to live in Vietnam? Visa options, Living cost, Lifestyle, and Long-term prospects

With recent proposals like the 'golden visa' to attract global elites, Vietnam is signaling its openness to foreign talent and investment.

07Jul2025

B&Company

Latest News & Report / Vietnam Briefing

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B&Company is the first Japanese company specializing in market research and investment consulting in Vietnam since 2008.

In this section “Vietnam Briefing”, young researchers of B&Company will provide timely information of Vietnam’s industrial trends, consumer trends, and social movements.

This article is written in English and automatic translation is used for other language versions. Please refer to the English version for accurate content. Although we strive to ensure the accuracy of the original information, please check separately for each information. Interpretations and future prospects are the personal opinions of each researcher.

Vietnam is rapidly emerging as a top destination for expatriates seeking a blend of rich culture, affordable living, and growing economic opportunities. With recent proposals like the ‘golden visa’ aimed at attracting global elites, the country is signaling its openness to foreign talent and investment.

Navigating Vietnam’s Visa system: from short-term travel to long-term residency

Foreigners wishing to reside in Vietnam can choose from various visa categories tailored to their purpose—tourism, business, work, investment, or family. Most short-term travelers rely on the e‑Visa, which allows stays of up to 90 days for a fee of around USD 25–50 and can be single or multiple-entry. Frequent travelers often use visa-on-arrival arrangements, though extensions typically require leaving the country and reapplying

For those entering Vietnam on business, the DN (business) or NN (non-commercial) visas provide authorization for activities like meetings, project work, or NGO assignments. These visas generally last one year and require sponsorship from a registered entity within Vietnam ([1]). Employment-based visas (LD category) are available to those with work permits and can be valid for up to two years; many expats convert these onshore for longer-term residence.

Vietnam E-visa platform

Vietnam E-visa platform

Source: thithucdientu

In a strategic move to bolster its tourism and investment sectors, Vietnam has proposed a 10-year ‘golden visa’ program. This initiative targets long-term tourists, foreign investors, and skilled professionals, offering extended residency options. The program is set to be piloted in major cities like Ho Chi Minh City, Hanoi, Da Nang, and Phu Quoc. The golden visa encompasses three tiers: a 5 to 10-year residency visa, a 10-year investor visa with a pathway to permanent residency after five years, and a five-year renewable talent visa for skilled professionals. This move aligns Vietnam with other Southeast Asian nations like Thailand and Malaysia, which have implemented similar programs to attract global talent ([2]).

Living costs in Vietnam

One of the primary reasons expats are increasingly drawn to Vietnam is the relatively low cost of living. Compared to Western cities or even other Asian capitals, Vietnam remains budget-friendly while offering a good quality of life. Whether you’re living in Hanoi or Ho Chi Minh City, you’ll find that daily expenses are remarkably affordable.

Vietnam is widely regarded as a very affordable place to live, especially when compared to other popular expat destinations like Europe or Singapore. The cost of living in Vietnam is significantly lower, particularly in terms of daily expenses such as food, accommodation, and transportation. The table below compares the cost of living between major cities in Vietnam (Ho Chi Minh City) and Singapore, showing that prices in Singapore are 3 to 5 times higher. Although the average income in Singapore is higher than in Vietnam, expat salaries in Vietnam are generally not much lower than those in Singapore. Therefore, they still benefit from the lower cost of living in Vietnam.

Comparison of living prices in Vietnam and Singapore (2025)

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