Cost to Retire in Da Nang Vietnam

About this video

• Video Title: Cost to Retire in Da Nang Vietnam
• Channel: Vagabond Awake
• Speakers: Not specified in the transcript
• Duration: 00:21:07 (estimated from transcript timing)

Overview

This video provides a detailed analysis of the cost of living for expats looking to retire in Da Nang, Vietnam. The speaker shares their on-the-ground observations, including the pros and cons of Da Nang, and offers estimated monthly expenses for a low to middle-range budget. It covers aspects like rent, utilities, groceries, dining, transportation, and optional expenses like alcohol and entertainment, along with insights into visas and recommended neighborhoods.

Key takeaways

• Pros of Da Nang: It's described as a "soft landing" for expats due to the availability of Western restaurants, a diverse expat community, a reasonable cost of living, and access to Western-style and traditional Eastern medicine.
• Cons of Da Nang: The rent for apartments has increased significantly (30% in two years), and the cost of meals in local Vietnamese restaurants has also seen a slight rise, though this is offset by the opening of more Western-style eateries. Crowded beaches were noted but attributed to seasonal differences.
• Estimated Monthly Costs: The video breaks down costs for a low-budget scenario (around $1,299/month for two people, including optional expenses) and a middle-range scenario (around $2,192/month for two people).
• Transportation: Walking is feasible in preferred areas, with Grab taxis being an affordable option for longer distances. Renting scooters is advised against unless highly experienced.
• Visa Information: Vietnam currently does not have a retirement visa; expats typically use 90-day tourist visas with "visa runs" or opt for business, marriage, or investor visas.
• Money-Saving Tips: Eating local Vietnamese food is significantly cheaper and healthier than Western options. Shopping at public markets for groceries is also more cost-effective than expat grocery stores. Booking short hotel stays initially is recommended over long-term Airbnb bookings.