Checklist Before Moving to Vietnam

Vietnam has become an increasingly popular destination for expatriates seeking new opportunities and a vibrant lifestyle. With its tropical climate, affordable cost of living, and growing economy, it offers an attractive setting for foreigners looking to work and reside in Southeast Asia.

As of recent years, approximately 100,000 expatriates have made Vietnam their home, with many settling in the bustling cities of Hanoi and Ho Chi Minh City. Others opt for the coastal charm of Da Nang and Nha Trang or the cultural richness of Hoi An. Proper planning is essential to ensure a smooth transition when relocating to Vietnam. Below is a comprehensive checklist to guide you through the process.

Essential Documents and Permits

Vietnam’s immigration and residency processes can be complex, requiring careful preparation. Begin the application process early, as obtaining necessary permits may take weeks or even months.

• Work Visa: Required for expatriates with confirmed job offers, valid for up to two years. Eligibility depends on factors such as age, health standards, educational qualifications, and a clean background check. It is advisable to allow at least two weeks for processing before beginning employment.
• Temporary Residence Card: Grants residency rights for one to two years, enabling property ownership and extended stays without frequent visa renewals. Eligibility varies based on circumstances, so it’s important to check specific requirements.
• Permanent Residence Card: Available to individuals who have lived continuously in Vietnam for over three years or meet alternative criteria. It offers renewable long-term residency for five to ten years with expanded rights and responsibilities.

Financial Preparation

Ensuring financial stability is crucial when relocating. While Vietnam’s cost of living is generally affordable, there are important financial considerations to address.

• Bank Account: Foreigners must prove their legal residency in Vietnam for at least 12 months to open a local bank account or apply for a credit card. Compare local and international banks to find the best options for fees, exchange rates, and services.
• Currency: The Vietnamese Dong (VND) is widely used for everyday transactions. While the U.S. Dollar (USD) is accepted in some establishments, particularly for large payments such as medical expenses, it is not as commonly used for daily purchases.
• Tax Compliance: Expatriates residing in Vietnam for over 183 days per year are subject to the same tax rates as local citizens. Temporary residents can benefit from Vietnam’s double taxation agreements. Many multinational companies handle tax filings for their employees, but self-employed individuals must file their taxes independently.

Transportation

Vietnam’s transportation landscape is dominated by motorbikes, with over 65 million registered nationwide. In major cities, public transport options are improving, including extensive bus networks and metro systems. Additional options include:

• Ride-Sharing Services: Apps such as Grab provide convenient private transportation.
• Taxis: Readily available in urban areas.
• Driving License: If you plan to drive, apply for a Vietnamese driving license to comply with local regulations.

Finding the Right Place to Live

The choice of location depends on lifestyle preferences and professional opportunities. Here are some popular areas for expatriates:

Ho Chi Minh City

• District 1: Central business hub with vibrant nightlife and tourist attractions.
• District 3: Green residential area with villas and quiet streets.
• Binh Thanh: Emerging startup district with easy access to District 1.
• District 2: Upscale residential areas, including Thủ Thiêm.
• District 7: Family-friendly community with international schools and modern amenities.

Hanoi

• Long Bien: Known for its artistic scene and proximity to the Old Quarter.
• Tay Ho: A scenic lakeside area popular among expatriates.
• Ba Dinh: Central location near embassies and government offices.
• West Lake: Upscale villas and reputable international schools.

For those seeking a relaxed coastal lifestyle, cities such as Da Nang, Nha Trang, and Hoi An offer stunning beaches and a growing digital nomad community.

Healthcare in Vietnam

Vietnam has significantly improved its healthcare system, particularly in major cities like Hanoi and Ho Chi Minh City. International-standard private hospitals cater to expatriates, providing advanced medical technology and English-speaking doctors. However, healthcare facilities in rural areas remain limited, often requiring medical evacuations to larger cities for serious conditions.

To ensure adequate medical coverage, securing comprehensive health insurance is essential. Opt for policies that include emergency evacuation services for added peace of mind.

Conclusion

Moving to Vietnam can be an exciting and rewarding experience, but preparation is key. By securing the necessary documents, financial arrangements, transportation options, housing, and healthcare coverage, you can ensure a seamless transition. Pacific Cross offers reliable health insurance solutions tailored to expatriates in Vietnam, helping you navigate your new life with confidence.