The Vietnam War, and the ensuing decades of conflict that followed it, have had a lasting influence on the lives of many generations. Younger generations of Americans have now grown up with a newfound appreciation for the culture and past of Vietnam, and the world has begun to rediscover what makes the country so unique and special.
However, an unexpected but growing trend has begun to emerge in recent years—older generations of formerly US soldiers, also known as Baby Boomers, are now returning to Vietnam, but this time in a very different perceived role. They are coming back to retire in Vietnam, a once fiercely war-torn land.
The Phenomenon of Boomers Returning to Vietnam
From the fall of Saigon in 1975 to the present day, many Baby Boomers have found themselves drawn to the country of Vietnam in spite of the injustices of their past made against its people. It’s an unprecedented trend in demographic and socio-cultural odds and no one actually expected it to happen at the rate that it is.
The term “Boomer” refers to the generation born between the years of 1946 and 1964; these men and women are now in their retirement years and have begun to feel a strong nostalgic connection to Vietnam, a place where they once served in the military. Vietnam is now seen as a safe haven and a place of refuge for those in the Boomer generation who seek a peaceful and inviting environment to settle down in their senior years.
Vietnam’s Economic Boom and Cost of Living
The past decades have seen Vietnam become one of the fastest growing economies in East Asia and the world. The nation has experienced an average growth rate of 6.7 percent over the last 10 years, according to the World Bank. Development has been strong and the country’s emergence as a major player in the global economy has been astounding.
The cost of living in Vietnam is extremely affordable compared to other countries in the region. According to expatistan.com, the cost of living in Vietnam is approximately 60% of the cost of living in Singapore and just over 50% of the cost of living in the United States.
This affordability has enabled the Vietnamese government to give attractive incentives to those wishing to live and retire in the country.
Advantages of Retiring in Vietnam for Boomers
With a low cost of living and plenty of incentives, Vietnam is fast becoming one of the most attractive destinations for Baby Boomers who are looking to retire. Here are a few reasons why:
• Great Healthcare Facilities: Vietnam has a range of great healthcare facilities available to all visitors. With its impressive medical infrastructure, experienced medical professionals and clean, modern facilities; Vietnam has become an attractive option for those seeking quality medical care.
• Affordability: As mentioned previously, the cost of living in Vietnam is much lower than in many other countries in the world. This affordability makes it a great choice for Boomers who are looking to live comfortably on a limited budget.
• Visas: Vietnam offers a number of visas tailored to those looking to retire in the country. These visas typically offer longer-term access and generous entry/exit privileges.
• Safety: Vietnam is a safe place to live and work. This, coupled with the friendly and welcoming nature of the Vietnamese people, makes it ideal for those looking to retire in peace and tranquility.
• Social Connections: Vietnam is home to a great deal of Baby Boomers who have retired in the country. This offers Boomers a unique opportunity to form strong bonds with local communities and meet people their own age.
It’s clear that Vietnam is quickly becoming a popular destination for retirees in the Baby Boomer generation. With its great healthcare, affordability and safety, Vietnam provides a great chance for Boomers to enjoy their golden years in peace. This trend of Boomers returning to Vietnam, however unexpected, is sure to continue for many years to come.
