Peaceful view of Hoan Kiem Lake with Turtle Tower in Hanoi, Vietnam with city skyline.Scenic view of Baoviet building across a lake, framed by trees and urban backdrop.Scenic view of Turtle Tower on Hoan Kiem Lake, Hanoi, with misty morning light.Serene sunset view over West Lake with Hanoi skyline, capturing a tranquil urban scene.Captivating sunset view of Hanoi's skyline reflecting in the tranquil waters.

Vietnam

Asia · South-Eastern Asia

High PeaceVery Affordable Cost of Living
High Development
Population101.0M16th
GDP / Capita$5KUpper-mid
PPP / Capita$16KLow
Gender Inequality0.378Moderate
Life Expectancy75 yrsModerate

Booming economy, ultra cheap — complex visa rules for long-term stays.

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Backpacker

Ideal destination

At a Glance

60
HighSafety
84
Very AffordableCost of Living
46
LowQuality of Life
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Vietnam

Vietnam is a long, narrow Southeast Asian country of great geographic variety, from the terraced rice fields of Sapa in the north, through the ancient royal city of Hué and the lantern-lit old town of Hội An, to the Mekong Delta in the south. The culture carries a Confucian sensibility of family, hard work, and education, alongside a food tradition that is widely considered one of the finest in Asia. The pace of development is rapid, but the country's beauty and the tenacity of its culture make it consistently compelling.

  • World's second-largest coffee exporter after Brazil.
  • Communist government, capitalist economy — growing faster than most of Southeast Asia.
  • More motorbikes than cars — Hanoi has roughly one bike per person.
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Quick Facts

Capital

Hanoi

Language

Vietnamese

Currency

VND

Area

313,429 km²

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Nomad Hub

Fixed Broadband

289Mbps

Very Fast7th globally

Mobile

188Mbps

Very Fast14th globally
EnglishModerate
PlugType A/B/C

GDP / Capita

i

$5K

Lower Mid

PPP / Capita

i

$16K

Upper Mid

Inflation

i

3.6%

Moderate

Unemployment

i

1.5%

Very Low

Innovation (GII)

i

37.1

Above Avg

GNI / Capita

i

$4K

Lower Mid

FDI Inflows

i

4.2%

Education Spend

i

2.9%

Cost of Living

i

26.4

Very Affordable

Price Level Index

i

87th pct

Very Affordable

20-Year Trend + IMF Forecast

Income & inflation over time

i
+563% nominal+150% real
$6K$12K$18K2%4%200520102015202020252027
GDPPPPInflationIMF forecast
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Neighbouring Countries