When he first came to Vietnam in 2006, Mr. Malcolm Duckett, a student from Australia, planned to stay about six months and travel around the country. That he would still be here more than a decade later never crossed his mind. With a good standard of living, career possibilities, and a family, Vietnam has become his second home and like many expats he can’t see a day when he would ever want to leave. Interesting times With a history and culture spanning thousands of years, Vietnam is an appealing place for Westerners looking to discover the East or simply find something different. As the country has developed rapidly in recent years, Vietnam boasts a combination of the old and the new compared to China, Japan, South Korea, Singapore and Thailand, which have developed for a longer period, been industrialized, and more resemble Western countries, many expats agree. Some fell in love with Vietnam at first sight, as happened to Rodion Fedorov from Russia, who studied Vietnam … [Read more...] about Many foreigners stay long-term in Vietnam
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The index, published by Ireland’s publication International Living, lists the best retirement havens by scoring countries in 13 categories, including visas and residence, cost of living, entertainment and amenities, healthcare, and business opportunities. While Vietnam is only ranked 19th among 25 countries in the index, it is the second best in terms of cost of living. "Vietnam is a fascinating and vibrant destination, rich in natural beauty, steeped in history and brimming with opportunity. Whether you want to live in the heart of the city, nestle among pine-forested mountains, or overlook a sun-washed beach, you’ll find modern, high-quality housing for low prices," the report said. Saigon and Hanoi are the most expensive cities in the country, while a life of retirement in other tourism-centric cities like Da Nang, Hoi An, Nha Trang, and Vung Tau will be much easier on the wallet, it suggested. However, Hanoi and Saigon are still considered some of the cheapest … [Read more...] about Vietnam among most affordable retirement havens: Irish publication
The Hanoitimes - According to Joe, an Australian tourist, Thailand is more attractive than Vietnam when there are thousands of high-end resorts near the sea shore that make people want to return. VnExpress has named a number of reasons why few foreign visitors return to Vietnam, citing some of travelers’ feedbacks. According to the Asia-Pacific Tourism Association, just 10-40% of tourists go back to Vietnam, while the rate is 80% in Thailand. Da Nang city, Vietnam. Jorn – a Norwegian tourist said, although he is impressed with Vietnam because of cheap, good food, and diverse culture, he is not considering returning to Vietnam any time soon because of the rather frequent tourist scams. Typically, he and his girlfriend had to pay an additional of VND60,000 (US$2.5) each for a bus ride instead of VND40,000 (US$1.7), the regular amount paid by Vietnamese. Meanwhile, according to Pile, a SCMP journalist, theft, traffic congestion, poor food … [Read more...] about Why few foreign visitors return to Vietnam?
It will be good opportunity for airlines. Vietnam’s young aviation industry is a high-profile example of the many sectors benefiting from the country’s tremendous growth. The Vietnamese people are eager to spend their rising disposable incomes to pay for their trips by air. Aviation market in Vietnam has seen impressive growth with the rate of 15 percent during ten years. In the first quarter of 2018, the market surged 17 percent, higher than the forecast with 34 million passengers in international and domestic flights. In addition to a surge in local travelers, record numbers of foreign tourists are visiting Vietnam. Outbound and inbound airport passenger checks increased over 20 percent mostly in cheap flights in South Korea and China while there has been a reduction in European countries even lower than forecast by 4.7 percent because of visa-issuance policies in German and the UK. Home market has grown slowly yet it leaped by 7.7 percent with 16.8 million passengers. … [Read more...] about Vietnam’s high quality aviation industry takes off
Vietnam has become an up and coming property investment destination among Chinese and Hong Kong buyers with real estate prices lower than in other Southeast Asian countries. Demand for properties in Vietnam among Chinese buyers surged 300 percent year-on-year in the first quarter of 2018, Chief Executive Carrie Law of Juwai, one of the biggest international property portal in China, told South China Morning Post (SCMP). “Many investors from mainland China are hoping to see these cities [Ho Chi Minh City, Hanoi] replicate the same growth as Beijing and Shanghai,” said Stephen Wyatt, the country head of JLL Vietnam. Buyers from mainland China, Taiwan and Hong Kong last year accounted for 25 per cent of the Southeast Asian nation’s total transactions by foreign buyers, up from 21 per cent in 2016, according to data from real estate company CBRE Vietnam as quoted by SCMP. Analysts say relatively low prices in Vietnam, one of world’s fastest growing … [Read more...] about Cheap real estate in Vietnam draws scores of Chinese buyers