The list of the most expensive cities in the world for foreigners to live in has just been announced, in which two Vietnamese cities appear in the ranking.
How expensive are Vietnamese cities compared to the world?
Việt Nam•21/06/2024Hong Kong once again took the title of most expensive city for expatriate workers in Mercer's 2024 Cost of Living Survey.
The Asian city also topped the list for 2022 and 2023, closely followed by Singapore in second place.
Notably, there are 4 Swiss cities in the top 10 including Zurich, Geneva, Basel and Bern in 3rd, 4th, 5th and 6th positions respectively.
New York, USA, took 7th place, while the British capital London, which was 17th last year, jumped to 8th place. Nassau, Bahamas took 9th place and Los Angeles entered the top 10.
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Cities in Vietnam have low cost of living for foreigners. Photo by Bui Van Hai |
The report surveyed 226 cities based on the comparative costs of more than 200 items in each location, including transportation, food, clothing, household goods and entertainment. Two Vietnamese cities, Hanoi, ranked 172nd, while Ho Chi Minh City ranked 178th. In the Southeast Asian region, Jakarta, Indonesia, ranked 157th, Manila, Philippines, ranked 131st, Bangkok, Thailand, ranked 129th, Phnom Penh, Cambodia, was more expensive than most cities in the region at 123rd, while Kuala Lumpur, Malaysia, had a low cost of living, ranked 200th.
Expensive housing markets and rising costs of transport, goods and services are among the reasons why the cost of living in the top-ranked cities is particularly high, the report said.
In addition, “inflation and exchange rate fluctuations” were noted to have directly affected the “wages and savings” of international workers.
The study also noted that the cost of living in the US is a "significant issue" in 2024, with seven of the country's cities appearing in the top 20.
The lowest-ranked cities for cost of living are Islamabad in Pakistan, Lagos and Abuja in Nigeria. However, this is said to be partly due to “currency devaluation”.
Source: https://baogialai.com.vn/cac-thanh-pho-viet-nam-dat-do-nhu-the-nao-so-voi-the-gioi-post282129.html
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