Connect with us

Why the Retired Expat Exodus to Vietnam seems very real

Lifestyle

Why the Retired Expat Exodus to Vietnam seems very real

Living in Thailand for many of us Expats is what dreams are made of. With a beautiful climate, food and wonderful Thai people, it is paradise. But everything has its tipping point yet we don’t really know what an expats tipping point was when it came to upping sticks and leaving.

There has been a whole number of factors in recent times that has made living in Thailand more challenging, more so for retired expats; with the strengthening of the baht and weakening of domestic currencies causing a serious financial issue. This shifting of valuations has meant Thailand is no longer a cheap place to retire.

I have tried to look for clues of evidence as to what is really happening, and, although some of the data below are questionable, the sum total does help give an indication as to what’s maybe happening.

Survey Insight

Back in August 2018, Thaivisa.com conducted an Expat Survey which attracted over 1,400 respondents. If you were a Brit living in Thailand it was 42 baht to the pound back then, so the lowest it had ever been. 40% of all respondents said they had considered leaving Thailand in the last 12 months due to economic hardship. If that was the case then it could be argued, the figure is even higher now. It is also a fair assumption to believe that of that 40% considering leaving, some have already left Thailand for pastures new.

The survey also revealed a staggering 1 in 4 (26%) survived on less than 45k baht a month. Using the UK versus Thai baht exchange rates it means with further polarization of rates that 45k baht back then is nearer 40k baht today – in less than 12 months. Something has to give.

How many retirees live in Thailand?

It has always been a finger in the air to try and guess the numbers of retirees in Thailand, if you spoke with many seasoned working expats a few years ago they would more often than not say somewhere between 250,000 and 500,000 retiree expats lived in Thailand. But it was always pure guesswork.

Earlier this year, the United Nations Migration report put the figure at nearer 75,000 retirees living in Thailand. This was a figure that shocked many, as it was far lower than anyone could have guessed.

Are Some Expats starting to leave for Vietnam?

I recently had lunch with the CEO of one of the six big insurance companies for expats in Thailand. He said each week they get 5 requests from retired expats to move their Health Insurance to Vietnam. That is over 20 requests a month and if this is consistent with the other 5 insurance companies, the figure rises to a 120 expat requests a month.

Furthermore, if we are again to believe Thaivisa.com survey statistics, 33% of retired expats are uninsured. So if we factored them into this to it could mean up to 160 expats in Thailand each month are making the move to Vietnam. That would be almost 2,000 expats a year.

Of course, this is just forecasting based on one conversation, but we only have expat forum and social media discussion as any form of evidence at the moment, so trying to validate with any form of figures is useful at very least.

I ran a poll on my Dan about Thailand Facebook page asking expats if they would ever consider leaving Thailand for Vietnam. 64% of the 400 respondents said yes, however small the sample that is a big figure.

And people are starting to post on social networks about seeing the expats that had moved from Thailand to Vietnam:

At the end of the day, life does not stand still and the unpredictability of it means sometimes you just don’t see things happening – until they do. Who knows what the future holds, all we know is we must make the choices in life that are the best for us as an individual. It would appear for many retired expats living in Thailand that choice is now Vietnam.

If you love Thailand and Vlogs then Dan About Thailand is the place to come. Have you joined our Facebook Page yet – click https://www.facebook.com/danaboutthailand/ to join?

Also please do rate this video with our five star rating below!

Join the Inspire Events & Offers Line account… Every day, the best event/offer from each region will be sent on one message. Plus, fun polls, where you get instant access!

เพิ่มเพื่อน
Continue Reading

More in Lifestyle

Join our newsletter

Events

september, 2019

06feb(feb 6)00:0031dec(dec 31)23:59New Flavours at Trader Vic’s at Anantara Riverside Bangkok ResortChef Manuel Gastelum launches Trader Vic’s new menu for a new year, with an exotic medley of Pacific Rim flavours.

03mar(mar 3)11:3029dec(dec 29)15:30Every Sunday Penthouse Brunch at Park Hyatt BangkokMake Penthouse Brunch the highlight of your Sunday and immerse in a one-of-a-kind brunch experience above the city.

17mar(mar 17)12:0029dec(dec 29)15:00Sunday Brunch at NEXT2 Café, Shangri-La Hotel, BangkokSunday Brunch at NEXT2 Café is packed with wonderful flavors awaiting your indulgence. Enjoy some quality time with your loved ones.

31mar(mar 31)12:3029dec(dec 29)16:00Glamorous Black & White Sunday Brunch at Siam Kempinski Hotel BangkokCome celebrate a leisurely afternoon indulging in gourmet delights, caviar tasting, Blanc de Blancs champagne and smooth jazz at Brasserie Europa one of Bangkok’s best brunch places.

14apr(apr 14)12:0005jan(jan 5)15:30Gourmet Sunday Brunch with Unlimited Lobster at The Athenee Hotel, a Luxury Collection Hotel, BangkokA special seafood selection sumptuous spring vegetable salads, splendid carvery, plus grills, foie gras and more live stations, enhance the array.

18apr(apr 18)18:3026dec(dec 26)22:30Along the Silk Road Night at Shangri-La Hotel, BangkokTake the venture along the Silk Road on every Thursday night at Shangri-La Hotel, Bangkok’s NEXT2 Café.

20jun(jun 20)11:2530dec(dec 30)23:59Green Tea Detox at Anantara Spa Anantara Riverside Bangkok ResortAt Anantara Riverside Bangkok Resort’s award-winning spa, we draw on the powers of nature to rejuvenate. Green tea is known for its soothing properties for both body and mind. Polyphenols reduce inflammation, caffeine stimulates circulation, and antioxidants slow down the natural ageing process.

01sep08:2630(sep 30)08:26‘Crafty Half’ Promotion at Craft Sukhumvit 23Make this a September to remember, as Craft Sukhumvit 23 presents our promotion of the month, the “Crafty Half”, offering 1 full pint for the price of a half pint on select products from Smiling Mad Dog this 1st – 30th of September, from noon until 6pm! Plus our house DJ, DJ Maxxx entertaining you from 6 p.m. until late every Thursday – Saturday!

01sep08:3930(sep 30)08:39September Glenfiddich Specials at WhisgarsWhisgars on Soi 23, Sukhumvit’s premier whisky and cigar lounge, is pleased to announce a fresh promotion of the month, Glenfiddich Specials, with a superb offer of a flight of Glenfiddich Whisky at just 500B.++, including 12YO, 15YO and 18YO every day from 2pm – 2am.

11sep(sep 11)18:5623oct(oct 23)18:56A Cultural Tour De forceBangkok’s International Festival of Dance & Music is back with its 21st edition celebrating the ultimate in opera, ballet, music and more from Sept 11 to Oct 23

14sep(sep 14)19:3013oct(oct 13)21:00Disney’s The Lion King at Muangthai Rachadalai TheatreTHE WORLD’S #1 MUSICAL, DISNEY’S THE LION KING TO PREMIERE IN BANGKOK THIS SEPTEMBER

15sep(sep 15)19:0022(sep 22)21:00So Amazing Chef at SO Sofitel BangkokSO Sofitel Bangkok turns the city on with the most anticipated 8-day long culinary event gathering 8 Michelin-starred chefs to cook a storm at its dynamic dining spaces.

21sep(sep 21)14:5306oct(oct 6)14:53Let’s celebrate Oktoberfest 2019 at The Irish Pub Bangkok Four Points by SheratonDuring Saturday 21st September – Sunday 6th October 2019, from 10.00 hrs. – Midnight, ‘The Irish Pub Bangkok’ at Four Points by Sheraton Bangkok, Sukhumvit 15 invites you and your friends to join the ‘Oktoberfest 2019’ This sleek and comfy Irish pub will celebrate Oktoberfest in style, with a special food and beverage plus live entertainment.

23sepalldayMonday Night Rock & Roll at O’Malley’s Irish PubMonday Night Rock & Roll continues next Monday!! Kai will be performing hits from 1970s to now! Come early for a delicious dinner and drinks.

26sep18:0021:00Thailand Professionals networking event at Brasserie 9Thailand Professionals cordially invites you to an evening out with all other expat local business owners, entrepreneurs, executives, and career-minded professionals on Thursday 26th September.

26sep(sep 26)19:3027(sep 27)22:30Swan Lake on Ice – The Imperial Ice Stars at Thailand Cultural CentreWith Tchaikovsky’s glorious music, exhilarating new choreography from leading ice director Tony Mercer, and dazzling costumes (110 costumes), this innovative portrayal of the classic love story is breathtaking.

28sep(sep 28)11:0029(sep 29)19:00The Promise by Conrad Weddings at Conrad BangkokPlan your wedding in Conrad Bangkok’s newly refurbished Grand Ballroom and honeymoon in paradise at the most beautiful beaches in the world.

28sep(sep 28)11:0007oct(oct 7)22:00Vegetarian Week at Fei Ya, Renaissance Bangkok Ratchaprasong HotelExecutive Chef Cheung Chin Choi welcomes you to celebrate the ninth Lunar Chinese month with Tesagan Gin Je Festival which is happening from the week from 28 September to 7 October 2019 at Fei Ya, Renaissance Bangkok Ratchaprasong Hotel.

28sep(sep 28)14:3029(sep 29)17:30Cinderella on Ice – The Imperial Ice Stars at Thailand Cultural CentreA triumphant production with beautiful sets and world champion skaters, it is a dramatic and novel interpretation of the timeless fairytale, with a stunning new score.

30sep19:0022:00Eat Drink Pink 2019 at The Peninsula BangkokMegatix Thailand is proud to join the Peninsula Bangkok to present Eat Drink Pink 2019 Charity Event

Trending

Sponsor

To Top
X