Which country is cheaper, Vietnam or Panama?
These are the overall average travel costs for the two destinations.
Which country should you visit? Read on to compare the activities as well as the prices of travel for Panama and Vietnam. We'll break down costs for accommodation, food, transportation and more to help you learn more about these two destinations. Then, you can figure out if either of these two places are accessible based on your travel budget, schedule, and interests. So, let's dig into it.
We'll start with a quick overview, and below we will go into all of the details.
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Panama is a dynamic, tropical, and diverse country. Many visitors also come to Panama because of it's amazing beauty. Visitors also love the shopping, museums, wildlife, and adventure travel.
Panama, the isthmus connecting North and South America, is a tantalizing travel destination with a mosaic of experiences to offer. Famous for the engineering marvel of the Panama Canal, the country charms travelers with its alluring blend of vibrant urban life and pristine natural beauty. In Panama City, ultra-modern skyscrapers coexist with colonial-era architecture, offering a fascinating skyline, while beyond the city, lush rainforests, idyllic beaches, and diverse wildlife await exploration. Adventure seekers will find plenty of opportunities for hiking, diving, and snorkeling, while those drawn to culture can immerse themselves in indigenous communities or savor the flavors of local cuisine. Whether you're sipping coffee in the highlands of Boquete, spotting resplendent quetzals in the cloud forests, or lounging on the sandy shores of Bocas del Toro, Panama is a versatile and enticing destination.
Vietnam is a vibrant, enchanting, and diverse country. The famous beauty of Vietnam is one of the main draws. It's also known for shopping, museums, theater, and wildlife.
Vietnam is a dynamic travel destination where timeless traditions meet breathtaking natural beauty, offering an unforgettable blend of history, culture, and adventure. From the bustling streets of Hanoi to the lantern-lit charm of Hoi An, every city pulses with vibrant energy and rich heritage. Nature lovers will be spellbound by the emerald limestone karsts of Ha Long Bay and the terraced rice fields of Sapa, perfect for epic trekking or serene boat cruises. Vietnam’s culinary scene is a revelation—think fragrant pho, crispy banh mi, and fresh seafood markets bursting with flavor at every corner. Whether exploring ancient imperial citadels, cycling through the Mekong Delta’s maze of waterways, or simply sipping strong coffee in a sidewalk café, visitors find themselves immersed in a captivating sensory experience. With warm hospitality and budget-friendly options, Vietnam is a must-visit jewel for travelers seeking authenticity and adventure in Southeast Asia.
Below we will examine the differences and similarities between Panama and Vietnam. With this information, you can decide for yourself which place is better for your next trip.
Interesting museums and landmarks can be found in both Panama and Vietnam, but many consider Vietnam to be a step above.
Visitors can fill many days exploring the museums and attractions around Vietnam. Vietnam’s rich tapestry of history and culture is vividly on display through its most celebrated museums, making them must-visit destinations for discerning travelers. In Hanoi, the Vietnam National Museum of History stands out as a treasure trove, chronicling millennia of Vietnamese civilization through artifacts ranging from ancient Dong Son drums to imperial relics. Just a stone’s throw away, the Ho Chi Minh Mausoleum Complex, including the Ho Chi Minh Museum, offers a deeply personal look into the life and legacy of the nation’s revered revolutionary leader. Down south in Ho Chi Minh City, the War Remnants Museum commands attention with its powerful and sometimes harrowing exhibits on the Vietnam War, providing an unflinching narrative that is both educational and emotional. Meanwhile, the Fine Arts Museum in Ho Chi Minh City celebrates the country’s artistic evolution, housing a stunning collection of traditional lacquer paintings, sculptures, and contemporary pieces. Each museum’s unique location—from the colonial charm of Hanoi’s Old Quarter to the bustling urban landscape of Saigon—adds to the immersive experience, making Vietnam’s museums not just repositories of history, but dynamic cultural landmarks that bring the country’s story vividly to life.
Ho Chi Minh City: It's a day trip outside of town, but the Cu Chi Tunnels are a must-see stop for any visitor. The War Remnants Museum is also a not-to-be-missed spot. Other highlights of the city include Thiên Hau Temple, the Notre Dame Cathedral Basilica, the Saigon Opera House, and the Reunification Palace.
Hanoi: The city is rich in history and culture, which you can experience through its many museums and temples. Notable sights include the Temple of Literature, the Ho Chi Minh Mausoleum, the Vietnam Museum of Ethnology, Hoa Lo Prison Museum, and the Imperial Citadel.
See also Tips For Your First Trip To Vietnam.
Panama offers a variety of museums and landmarks to choose from. Panama offers a variety of museums that cater to different interests, with a focus on history and biodiversity. The Biomuseo in Panama City, designed by Frank Gehry, offers insights into the natural history and biodiversity of the region. The Panama Canal Museum provides an in-depth look at one of the world's engineering marvels and its historical significance. Casa Museo del Banco Nacional stands as a symbol of Panama’s financial history. While the museum scene may not be extensive, it offers quality learning and exploration opportunities.
Overall Vietnam is considered to offer more history, cutlure, and arts to visitors than Panama.
Vietnam offers world-famous historcal and cultural sights and attractions. This is one of the main reasons why so many people come here every year. Vietnam’s rich tapestry of history and culture offers travelers an immersive journey through millennia of dynastic legacies, colonial encounters, and vibrant traditions. From the ancient imperial grandeur of Hanoi’s Old Quarter and the UNESCO-listed complex of the Imperial City in Hue, to the bustling, history-steeped port town of Hoi An with its beautifully preserved lantern-lit streets, each destination pulses with stories waiting to be uncovered. In Hanoi, visitors can wander through museums and centuries-old pagodas that echo with Confucian and Buddhist heritage, while Hue’s royal tombs and citadel showcase the sophisticated artistry and power of the Nguyen Dynasty. Hoi An’s fusion of Vietnamese, Chinese, and Japanese influences is brought to life not only in its architecture but also through interactive cultural workshops—learn to prepare traditional bánh xèo pancakes, or craft your own lantern in a hands-on class. Further south, the Cu Chi Tunnels near Ho Chi Minh City provide a gripping glimpse into Vietnam’s more recent history, transporting visitors into the underground guerrilla world of the Vietnam War. Throughout the country, travelers can engage with cultural festivals like Tet (Lunar New Year) and Mid-Autumn Festival, where age-old rituals, vibrant performances, and communal feasts offer an unforgettable window into Vietnam’s enduring spirit. Whether exploring ancient sites or participating in local customs, Vietnam’s blend of history and contemporary culture guarantees an enriching and dynamic experience.
Panama is a great destination for historical, cultural, and artistic sights and attractions. Panama offers a fascinating blend of history and culture, primarily influenced by its strategic geographic location. The historic area of Casco Viejo in Panama City provides a captivating journey through time with its cobblestone streets and colonial architecture. The ruins of the original Panama City, Panama Viejo, are another important historical site reflecting the city's past. The indigenous Emberá and Kuna communities offer cultural experiences showcasing traditional crafts and ways of life. Visitors can immerse themselves in Panama's diverse cultural tapestry.
Vietnam generally has more big cities and urban activities than Panama.
Vietnam has large cities with plenty of activites for visitors as well. Vietnam’s largest cities—Ho Chi Minh City, Hanoi, and Da Nang—each offer a vibrant window into the country’s dynamic blend of history, culture, and modern energy, making them must-visit destinations for travelers. Ho Chi Minh City, the bustling economic heart in the south, pulses with frenetic street life, iconic war history museums, and sprawling markets like Ben Thanh, where you can haggle for everything from local handicrafts to street food delicacies like pho and bánh mì. The city comes alive after dark with rooftop bars, live music venues, and a burgeoning craft beer scene, alongside theaters showcasing contemporary Vietnamese performing arts. Hanoi, the nation’s capital in the north, charms visitors with its centuries-old Old Quarter, tranquil lakes, and revered temples, offering a more traditional but equally lively urban experience. Culinary explorers savor legendary egg coffee and street-side imperial dishes here, while art lovers catch captivating water puppet shows and cultural performances. Meanwhile, Da Nang on the central coast seamlessly blends urban excitement with stunning beaches, offering a laid-back yet cosmopolitan vibe. Visitors can explore its modern museums, enjoy the nightlife along the Han River, or use the city as a base for adventures to the ancient town of Hoi An and the Marble Mountains. Across all three cities, travelers find a thrilling mix of historical intrigue, bustling market rhythms, diverse dining from humble street stalls to innovative fine dining, and nightlife that ranges from jazz bars to lively nightclubs—each city distinct, but all richly rewarding urban destinations in Vietnam.
Panama has some large cities, so you'll find plenty of things to do when visiting. Panama City, the capital, is vibrant and offers diverse attractions for visitors. The city's skyline is marked by modern skyscrapers, yet the historical charm of Casco Viejo provides a taste of ancient architecture and lively streets. The vibrant Calzada de Amador offers scenic views of the city and spots for leisurely strolls. Besides historical sites and shopping malls, Panama City offers cultural experiences, from museums to contemporary art galleries, catering to various interests. Visitors will find a refreshing juxtaposition of the old and new, ensuring a memorable city experience.
Vietnam generally has a wider variety of smaller towns and villages than Panama.
You'll find plenty of local activities in all of the small towns and villages in Vietnam. Vietnam’s most visited small towns are enchanting snapshots of the country’s rich culture and breathtaking landscapes, each offering a unique charm that captivates travelers. Take Hội An, the UNESCO-listed ancient town famed for its lantern-lit streets, well-preserved architecture, and vibrant riverside cafes—its quaintness lies in the seamless blend of history and lively local life, making it perfect for leisurely strolls and bespoke tailor shopping. Then there’s Sapa, perched in the northern highlands, where terraced rice fields cascade down misty mountainsides, and ethnic minority villages invite visitors into authentic cultural exchanges and invigorating hikes. In the south, the Mekong Delta’s Mỹ Tho charms with its peaceful waterways, floating markets, and lush orchards, ideal for boat cruises and sampling fresh tropical fruit. These towns are beloved not only for their scenic beauty but also for the immersive experiences they offer—whether cycling through rice paddies, exploring ancient temples, or savoring regional cuisines—each spot promises travelers a memorable blend of relaxation, adventure, and cultural discovery.
Panama offers plenty of small towns along with charming sights and activities, too. The quaint small towns of Panama are delightful spots for travelers seeking authentic local experiences. Valle de Antón, situated in a beautiful volcanic valley, is famed for its picturesque landscapes, natural hot springs, and the popular Sunday market. In the highlands, Boquete is known for its cool climate and lush coffee plantations, appealing to nature lovers with numerous hiking trails and gardens. Santa Fé in the Veraguas province offers a serene mountain retreat, perfect for enjoying fresh air and scenic drives. These towns embody the charm and tranquility many visitors are seeking.
Vietnam has a longer list of notable local restaurants than Panama.
With its innovative style combined with traditional elements, Vietnam makes for a great culinary experience. Vietnamese cuisine is celebrated worldwide for its vibrant flavors, fresh ingredients, and harmonious balance of sweet, sour, salty, and spicy notes—making it a culinary treasure of Southeast Asia. At its heart lie iconic dishes such as phở, a fragrant noodle soup simmered for hours with beef or chicken broth, garnished with herbs and lime, and bánh mì, the beloved baguette sandwich melding French colonial influences with local ingredients like pickled vegetables, pâté, and savory meats. The country is also renowned for fresh spring rolls (gỏi cuốn), crispy fried fish, and rich, fragrant dishes like bún chả from Hanoi or the spicy, herbaceous bún bò Huế from central Vietnam. Vietnamese cuisine’s emphasis on freshness, minimal use of oil, and bold yet balanced flavors has garnered an enviable reputation globally—not only as delicious but also as healthy and approachable. Whether enjoyed street-side on bustling Saigon sidewalks or in elegant restaurants abroad, Vietnam’s food continues to captivate palates and inspire chefs internationally, confirming its status as one of the world’s great culinary traditions.
Ho Chi Minh City: This city, arguably, has some of the best food in Vietnam. You'll find everything from food stalls selling mouthwatering street food to luxury restaurants preparing traditional dishes with a modern twist. Banh Mi (a Vietnamese sandwich) and Pho (Vietnamese soup) are the most well known dishes around town, but also try the Bún mắm (a noodle dish) and Bún bò Huế (a beef based soup).
Hoi An: The local cuisine is truly unique from the rest of Vietnam. It's considered to be a culinary city with interesting recipes that depend on local ingredients that can't be found outside of the region. Specialty dishes of the city include Cao Lầu (pork and rice noodles), Bánh Bao Bánh Vạc (white rose dumplings), and Cơm Gà Hoi An (Hoi An chicken rice).
See also The Best Restaurants in Hoi An.
Panama has a delicious restaurant scene that relies on local flavors. Panama’s culinary scene is a flavorful mix that reflects its diverse cultural influences. Local markets in Panama City offer a taste of traditional food such as "sancocho," a hearty chicken soup, and "patacones," delicious fried plantains. At the fish market, fresh seafood is abundant, including ceviche prepared with a local twist. The coffee-growing region of Boquete is perfect for coffee lovers wanting to savor freshly brewed cups. Throughout the country, visitors can enjoy a fusion of Latin American flavors served in an array of restaurants, from street vendors to upscale dining.
It's hard to distinguish whether Panama or Vietnam has a better nightlife scene.
Panama has an active nightlife scene for those who seek it out. Panama's nightlife offers a blend of vibrant options, primarily centered in Panama City. The bustling district of Casco Viejo is known for its lively bars, rooftop lounges, and nightclubs, where visitors can enjoy drinks with views of the illuminated skyline. For a more local experience, places like Calle Uruguay offer a mix of dance clubs and pubs for an energetic night out. The vibrant beach town of Bocas del Toro also hosts lively parties and sunset bars, attracting a youthful crowd. While not as expansive as some other cities, Panama's nightlife is varied and engaging.
If you're looking for night time activities Vietnam has a few options to choose from. Vietnam’s nightlife is a vibrant tapestry of energetic street parties, chic rooftop bars, and pulsating clubs that reflect the country’s youthful spirit and diverse cultural influences. In Ho Chi Minh City, the bustling Bui Vien Street is a must-visit hub where backpackers and locals mingle over cold bia hoi (fresh beer) and street food, while upscale venues like Glow and Lush offer sleek dance floors and cutting-edge electronic beats. Hanoi’s Old Quarter comes alive after dark with traditional water puppetry shows, cozy jazz lounges such as the famed Binh Minh, and the lively Ta Hien Street, often dubbed the “beer street,” where the party spills onto the sidewalks. Meanwhile, in the beach city of Da Nang, nightlife marries seaside relaxation with modern flair—sunset cocktails at rooftop bars like Sky36 segue into vibrant nightclubs pulsing with EDM rhythms. Further south in the island town of Nha Trang, nightlife balances its party club scene with laid-back beach bars and night markets, perfect for those who want to dance all night or simply soak in the ocean breeze under colorful lanterns. Across Vietnam’s major destinations, the nightlife scene offers something for every kind of night owl, blending tradition and modernity in an endlessly inviting after-dark playground.
Ho Chi Minh City: The city never settles down and you'll find all night parties and dance clubs open into the early hours. Backpackers keep the energy high, but there are also luxury clubs and more relaxed places where you can have a good night out if the backpacker thing isn't your scene.
Nha Trang: The nightlife scene is varied and caters to all types of travelers. There are glamorous rooftop bars and lounges, beachside parties, and booze cruises that cater to the backpacker crowd. The city is big enough to have options for everyone.
See also Party Hostels in Vietnam.
There are great resorts to choose from in both Panama and Vietnam.
Vacationers flock to Panama for its luxury resorts. Panama is home to an impressive selection of luxury and all-inclusive resorts that provide a lavish experience. The Pearl Islands are renowned for exclusive resorts that offer privacy, pristine beaches, and top-notch service. Bocas del Toro presents both upscale beachfront accommodation and eco-resorts for visitors looking for a touch of luxury in tropical surroundings. In the bustling region of Playa Blanca and along the Pacific coast, travelers can enjoy high-end resorts with comprehensive amenities. These destinations ensure a luxurious retreat for those seeking comfort by the sea.
For the ultimate resort vacation, Vietnam is a great choice. Vietnam’s resort landscape is as diverse as its rich culture and stunning geography, offering travelers an array of unforgettable escapes tailored to every taste. In the south, the sleek, luxury resorts of Phu Quoc Island entice visitors with powdery white beaches, crystal-clear waters, and vibrant coral reefs, making it a hotspot for snorkeling, diving, and indulgent spa retreats. Central Vietnam’s Danang boasts a sophisticated blend of five-star beachfront resorts with sweeping views of the Marble Mountains and the East Vietnam Sea, appealing to those who want a stylish base for golfing on world-class courses or exploring the ancient imperial city of Hue nearby. Heading north, Halong Bay’s boutique floating resorts provide a magical overnight experience amid limestone karsts and emerald waters—perfect for kayaking and cruising through one of the world’s most iconic seascapes. Meanwhile, the cool highlands of Da Lat offer charming mountain resorts surrounded by pine forests and flower farms, beckoning visitors who seek hiking, canyoning, and a serene, temperate climate. Each region’s unique setting and activities—from cultural immersion and adventure sports to pure relaxation—make Vietnam’s resort destinations compelling choices for travelers eager to explore the country’s natural wonders and heritage in luxurious comfort.
With more scuba diving and snorkeling spots, Panama is usually better than Vietnam.
The clear water and abundant marine life make Panama a world-class scuba diving and snorkeling destination. Panama’s scuba diving opportunities are exceptional, with its diverse marine environments. Coiba National Park and the surrounding waters are considered a world-class diving destination due to the abundance of marine life, including whale sharks and colorful coral reefs. Bocas del Toro offers warm, clear waters perfect for exploring vibrant underwater ecosystems. The Caribbean Sea and the Pacific Ocean give divers various locations to experience different underwater terrains and wildlife. Enthusiasts will find that Panama’s rich sea life and ideal conditions offer unforgettable diving adventures.
Vietnam has a few good snorkeling spots.
Most people pick Panama for its beaches over Vietnam.
Travelers come from around the world to visit the beaches in Panama. Panama's stunning beaches are a major draw for visitors seeking sun and relaxation. The pristine sands of the San Blas Islands offer a picture-perfect setting with turquoise waters ideal for swimming and snorkeling. Bocas del Toro boasts laid-back vibes with a combination of party beaches and quiet spots. The Pacific coast, including Playa Blanca and Santa Catalina, provides long stretches of seaside bliss and excellent surf conditions. With such a wide range of beaches, Panama caters to every type of beachgoer.
Vietnam is considered a top beach destination.
Shopping is a popular activity in both Vietnam and Panama.
Panama is a great destination for shopping. Panama has an interesting array of shopping options, combining local and international offerings. In Panama City, modern malls like Albrook Mall and Multiplaza Pacific are popular spots for shopping, housing international brands and local boutiques. The Casco Viejo area is great for finding unique, artisanal crafts and handmade items. Duty-free shopping can also be found in the Colon Free Zone, a major draw for bargain hunters. Visitors can enjoy a broad spectrum of shopping experiences across the country.
Shopping is a popular activity when visiting Vietnam. Vietnam offers a vibrant and endlessly engaging shopping scene that perfectly blends traditional craftsmanship with modern flair. The bustling Ben Thanh Market in Ho Chi Minh City is undoubtedly the most iconic spot, where visitors can haggle over everything from intricate silk textiles and handcrafted lacquerware to aromatic spices and street food delicacies—all under one colorful roof. In Hanoi, the Old Quarter’s narrow streets are a shopper’s paradise, famed for boutique shops selling exquisite embroidery, conical hats (nón lá), and unique art pieces that reflect the country’s rich cultural heritage. Meanwhile, the floating markets of the Mekong Delta, such as Cai Rang, offer an unforgettable experience, where locals barter fresh produce and handmade goods directly from boats, making it a feast for the senses and a glimpse into rural Vietnamese life. Shoppers love these locations not only for their diverse product ranges and affordability but also for the immersive cultural encounters they provide, transforming every purchase into a story to take home.
Ho Chi Minh City: The city is filled with a mix of modern shopping centers and local shops selling traditional items. You'll find international brands as well as uniquely Vietnamese products. The city also has some of the best boutique shopping opportunities in Southeast Asia.
Hanoi: Explore the Old Quarter where you'll find narrow shophouses and traditional markets. It's best to explore on foot and pop in to the places that look interesting. Silk Street and Silver Street are particularly fascinating.
Can Tho: The city is large with malls and a central market, but most visitors come specifically for the nearby floating markets. These unique markets are best visited by boat. Goods and food are sold out of vendor boats and popular food dishes include noodle soup and local fruits. Each boat has a tall bamboo stick displaying the items that it sells.
Hiking trails can be found around both Panama and Vietnam, and they are great.
Panama offers some nice hiking trails. Panama offers a variety of hiking experiences for outdoor enthusiasts, with options for all skill levels. The renowned Sendero Los Quetzales in Boquete provides a journey through lush cloud forests, with chances to spot the elusive Resplendent Quetzal bird. Trails in Soberanía National Park offer fascinating opportunities to explore diverse flora and fauna. For more challenging treks, the climb to the summit of Volcán Barú rewards hikers with panoramic views. While the trails may not be as extensive as in some other countries, there is plenty to explore for hiking aficionados.
Vietnam is a good destination for hiking.
Sapa: Trekking is, by far, one of the best ways to experience the area's beauty. You'll pass by scenic rice paddies, walk along mist covered mountains, and stumble into fascinating villages. Many people hire a local guide to guide them. This helps the local economy and offers insider information.
Visiting the great national parks is a popular activity in both Vietnam and Panama.
Panama is a great destination for touring the national parks. Panama's national parks provide a captivating mix of natural wonders and biodiversity. Soberanía National Park, near Panama City, is famous for bird watching, where enthusiasts have spotted over 500 bird species. In the western highlands, Volcán Barú National Park offers challenging hikes with rewarding views from the country's highest peak. The lush rainforest of Darien National Park is one of the most biodiverse regions in the world, though access can be difficult due to its remote location. These natural spaces foster breathtaking excursions and immersion in unspoiled environments.
Visiting the national parks is a popular activity when in Vietnam. Vietnam’s national parks are vibrant sanctuaries of biodiversity and culture, offering travelers a captivating glimpse into the country’s rich natural heritage. Among the most celebrated is Phong Nha-Kẻ Bàng National Park in Quảng Bình Province, a UNESCO World Heritage site renowned for its awe-inspiring karst landscapes and some of the world’s largest and most spectacular cave systems, including the legendary Sơn Đoòng Cave. For those seeking lush biodiversity, Cát Tiên National Park in the south is a hotspot for wildlife enthusiasts, home to rare species like the Javan rhinoceros and elusive pangolins amid dense tropical rainforest. Meanwhile, in the north, Ba Bể National Park enchants visitors with its emerald lakes nestled among limestone mountains, offering tranquil boat rides and a chance to experience traditional Tay ethnic culture in nearby villages. Each park stands as a testament to Vietnam’s commitment to conservation while providing adventurous travelers with unforgettable encounters deep in nature’s embrace.
Overall, Panama is considered to offer more wildlife viewing opportunities and experiences to visitors.
Panama offers fun and exciting wildlife experiences and wilderness activities for visitors of all ages. Panama is a haven for wildlife enthusiasts, with its lush rainforests and diverse ecosystems. The dense jungles of Soberanía National Park house howler monkeys, sloths, and colorful birds, making it a perfect spot for wildlife spotting. The Bocas del Toro Archipelago offers encounters with playful dolphins and vibrant marine life. Off the Pacific coast, visitors can witness humpback whales near the Pearl Islands. The diverse habitats across the country promise incredible wildlife experiences for visitors who venture into these natural sanctuaries.
The wildlife and wilderness activities of Vietnam are worth exploring. Vietnam offers some of Southeast Asia’s most thrilling wildlife viewing experiences, blending lush tropical forests, remote mountains, and winding river deltas. At the heart of this biodiversity hotspot is Cat Ba National Park, renowned for its populations of the rare and elusive Cat Ba langur, one of the world’s most endangered primates. Further north, Cuc Phuong National Park—the country’s oldest protected area—invites travelers to explore its ancient karst landscapes and dense tropical woodlands, teeming with species like the critically endangered Delacour’s langur and a dazzling array of butterflies. For those drawn to wetland ecosystems, Tram Chim National Park in the Mekong Delta is a birdwatcher’s paradise, especially during the migratory season when large flocks of sarus cranes and other rare waterfowl congregate amid its flooded grasslands. Unique to Vietnam is this diversity of habitats compressed into a relatively small area, offering wildlife enthusiasts an unparalleled opportunity to witness species rarely seen anywhere else in the world, all set against some of the country’s most breathtaking natural backdrops.
You can find a fairly equal amount of great adventure travel opportunities in both Panama and Vietnam.
The adventure travel options in Panama attract many visitors. Adventure seekers will find Panama a thrill-filled destination with plenty of exciting activities. The swift rivers of Chiriqui Province offer white-water rafting for adrenaline junkies. The lush rainforests and rugged terrain provide exceptional hiking and zip-lining adventures in Boquete and beyond. The Caribbean Sea around Bocas del Toro is ideal for surfing enthusiasts, with consistent waves year-round. Panamanian adventures are diverse, ensuring travelers can satisfy their desire for both natural beauty and exhilaration.
Vietnam offers fun and exciting adventure experiences for visitors. Vietnam is a treasure trove for adventure travelers seeking thrills wrapped in stunning landscapes and rich culture. From the rugged karst peaks of Ha Long Bay, where kayaking through emerald waters and hidden caves is a surreal experience, to the undulating terraced rice fields of Sapa offering some of Southeast Asia’s best trekking routes, adventure here comes with breathtaking backdrops. In central Vietnam, the motorsport enthusiast will find their playground on the Hai Van Pass, a dramatic mountain road famed for its sweeping ocean views and hairpin turns, perfect for motorbiking. Meanwhile, the limestone cliffs of Cat Ba Island attract rock climbers from around the world, providing challenging climbs with spectacular vistas. For those who crave water sports, the Mekong Delta offers exhilarating boat tours through maze-like canals, immersing travelers in vibrant river life. Whether you’re ziplining in the dense jungles of Phong Nha-Ke Bang National Park or exploring the caves themselves—including the world’s largest, Son Doong—Vietnam’s adventure opportunities combine natural wonder and adrenaline in equal measure, ensuring every traveler leaves with a story worth telling.
Overall, Panama is considered to offer more mountain activities and attractions to visitors.
Panama offers beautiful mountain scenery for visitors, and is one of the main attractions. Panama’s mountainous regions offer exceptional beauty and activities for those who love high-altitude adventures. The Chiriqui Highlands, particularly around Boquete, provide a cool climate and stunning vistas of rolling hills and coffee plantations. Volcán Barú, the highest peak in the country, presents a challenge for avid hikers seeking to reach its summit. The mountainous landscapes offer opportunities for bird watching, with the Resplendent Quetzal being a sought-after sight. Panama’s mountains deliver both adventure and tranquility for those who explore them.
Vietnam offers some fun activities and attractions in the mountains.
Both Panama and Vietnam offer a fairly equal range of great watersports for travelers.
Panama is famous for its exciting and thrilling watersports activities. Panama is a premier destination for watersports enthusiasts, offering a variety of activities to suit all tastes. Bocas del Toro and the San Blas Islands boast calm, clear waters ideal for kayaking. Surfers flock to Playa Venao and Santa Catalina for their impressive waves. The Gulf of Chiriqui and Pearl Islands provide excellent opportunities for fishing and snorkeling. The country's vast coastline ensures that visitors can easily find an aquatic adventure to enjoy.
With world-famous watersports and marine activities, Vietnam attracts many visitors interested in seaside activities marine exploration, and adventure. Vietnam, with its extensive coastline, emerald bays, and tropical islands, is a treasure trove for watersports enthusiasts seeking both adventure and serenity. The sparkling waters of Halong Bay offer exceptional kayaking opportunities, allowing travelers to paddle quietly among towering limestone karsts and hidden caves, creating an intimate connection with this UNESCO World Heritage site. For those craving a rush, the beaches of Nha Trang are a hotspot for jet skiing, parasailing, and vibrant windsurfing scenes, fueled by steady coastal breezes and warm water. Further south, the idyllic island of Phu Quoc beckons divers and snorkelers to explore its vibrant coral reefs bursting with marine life, while the Mekong Delta’s calm rivers provide perfect settings for stand-up paddleboarding and river cruises. Whether you’re slicing through the waves on a kiteboard in Mui Ne or enjoying a tranquil boat ride on the Perfume River in Hue, Vietnam’s diverse watersports offer unforgettable experiences that showcase the country’s natural beauty and exhilarating spirit.
Overall, Panama is considered to offer more outdoor activities and attractions to visitors.
With world-famous outdoor activities, Panama attracts many visitors interested in natural scenery, exploration, and adventure. Panama is a paradise for outdoor enthusiasts, offering an incredible array of activities amidst stunning natural landscapes. Hiking is popular, with trails in the picturesque highlands of Boquete, including the famous Quetzal Trail. The dense rainforests, like those in Soberanía National Park, offer exciting opportunities for wildlife spotting and bird watching. The coastlines provide endless watersport activities, from snorkeling in the Caribbean to fishing in the Pacific. The diversity of Panama's landscapes ensures that outdoor activities are both exciting and satisfying for every visitor.
Vietnam offers fun and exciting outdoor activities for visitors. Vietnam is a playground for outdoor enthusiasts, offering a spectacular array of activities set against some of the world’s most breathtaking landscapes. Trekking through the terraced rice paddies of Sapa in the northern highlands provides both a challenging adventure and an intimate glimpse into the lives of indigenous hill tribes, with mist-cloaked mountains as your ever-changing backdrop. For water lovers, a kayak expedition in Ha Long Bay is a must—paddling through the emerald waters, weaving between dramatic limestone karsts and hidden caves, you’ll feel as though you’ve slipped into a living postcard. Down south, the Mekong Delta invites intrepid cyclists to explore its labyrinth of rivers and floating markets, where vibrant local culture pulses alongside lush, tropical scenery. Meanwhile, Phong Nha-Ke Bang National Park is a spelunker’s paradise, boasting some of the world’s largest and most awe-inspiring caves, like the legendary Son Doong. Whether you’re scaling cliffs in Da Nang, kite surfing on the windswept shores of Mui Ne, or immersing yourself in the jungle near Cat Tien National Park, Vietnam’s outdoor activities promise an exhilarating communion with nature and culture that’s as diverse as the country itself.
See also Should you visit Ha Long Bay, Lan Ha, or Bai Tu Long?.
Panama and Vietnam both offer a wide array of great road trip possibilities for your next trip.
Panama is a great place to take a road trip. Panama provides interesting opportunities for road trips, allowing travelers to uncover both popular and hidden gems along scenic routes. The journey to Boquete from Panama City offers picturesque views of the highlands and cloud forests. Heading to the Azuero Peninsula introduces travelers to beaches, traditional towns, and unique cultural festivals. The drive through the Soberanía National Park provides an eco-friendly adventure close to the Panama Canal. While the road infrastructure is generally good, travelers will find a mix of landscapes and attractions along their routes.
Vietnam is a popular destination to get a car and take a road trip. Vietnam offers some of Southeast Asia’s most exhilarating road trips, combining breathtaking landscapes, vibrant culture, and dynamic cities. Among the most popular routes is the classic Saigon to Hanoi journey along the coastal Highway 1A, where travelers can stop at highlights like the historic town of Hoi An, the ancient imperial city of Hue, the stunning Marble Mountains, and the otherworldly limestone karsts of Ha Long Bay. Another favorite is the Hanoi to Sapa loop through Vietnam’s rugged northern highlands, revealing terraced rice paddies, colorful hill tribes, and mist-draped mountain vistas. Taking a road trip here is an immersive experience—expect winding mountain roads, bustling street markets, fragrant roadside food stalls, and the ever-present hum of motorbikes weaving through villages. Most travelers opt for motorbikes or renting a car with a local driver-guide, allowing flexibility to explore lesser-known spots and engage deeply with local life. Whether cruising on a motorbike amidst rolling valleys or driving along the stunning coastline, Vietnam’s road trips offer a thrilling blend of adventure, culture, and jaw-dropping scenery that’s hard to match anywhere else in Asia.
Both Panama and Vietnam are great family-friendly destinations.
Panama is a very family-friendly place to visit. Panama is a delightful destination for families, offering a wealth of experiences that cater to all ages. The famous Panama Canal is an educational marvel, where families can learn about its history and engineering feats. Kids will enjoy the Biodiversity Museum in Panama City, with its colorful and interactive exhibits. Families can unwind on the pristine beaches of Bocas del Toro or explore the lush landscapes of the Gamboa Rainforest. Boquete, with its cooler climate, provides opportunities for gentle hikes among coffee plantations and butterfly gardens, making it perfect for family outings.
Because of its large number of kid-friendly activities, Vietnam is very family-friendly. Vietnam is an exceptionally family-friendly destination that effortlessly blends cultural richness with engaging, kid-focused adventures, making it a top choice for travelers with children. From exploring the vibrant lantern-lit streets of Hoi An, where kids can try their hand at traditional lantern-making workshops, to cruising the calm waters of Ha Long Bay aboard child-friendly boats, Vietnam offers countless opportunities for family bonding. The Mekong Delta’s floating markets provide a lively spectacle that fascinates young minds, while interactive experiences at places like the Saigon Zoo and Botanical Gardens delight children with encounters with exotic wildlife. Moreover, Vietnam’s welcoming locals, affordable family accommodations, and delectable, mild-flavored cuisine ensure a comfortable and stimulating environment for all ages. Whether trekking through the terraced rice paddies of Sapa with gentle hikes or discovering the ancient history of Hue via cyclo rides, Vietnam is truly a vibrant playground for families eager to explore together.
Ho Chi Minh City: Kids may feel overwhelmed at first, but they're sure to fall in love with the energy and kid-friendly activities in this city. There are traditional water puppet shows, kid-friendly restaurants, and fun parks. There's also the Suoi Tien Theme Park, smaller water parks, zoos, and art museums to explore.
Vietnam offers a wider variety of romantic activities for couples than Panama.
Vietnam is fantastic couple's destination with fun and romantic activities. Vietnam is a treasure trove for couples seeking a romantic escape, blending vibrant culture with breathtaking natural beauty that sets the perfect backdrop for love to flourish. Imagine cruising the emerald waters of Ha Long Bay aboard a private traditional junk boat, where limestone karsts rise majestically through soft morning mist—a setting straight from a dream for honeymooners. In Hội An, the lantern-lit streets create an enchanting atmosphere as couples stroll hand-in-hand beside the Thu Bồn River, savoring candlelit dinners in quaint riverside cafés or indulging in couple’s spa treatments rooted in ancient traditions. For those who prefer mountain serenity, the cool climes of Sa Pa offer terraced rice fields and cozy boutique lodges where you can watch colorful hill-tribe markets by day and share intimate moments by a roaring fire at night. Whether it’s savoring exquisite Vietnamese cuisine together in Hanoi’s Old Quarter or exploring secluded beaches in Phú Quốc, Vietnam invites lovers to weave unforgettable memories against a tapestry of warmth, adventure, and timeless romance.
Halong Bay: This truly world-class setting makes a perfect honeymoon or romantic destination. You'll likely want to book a luxury boat with plenty of amenities and delicious dining options. The setting is spectacular, and among the most unique in the world.
See also Hostels in Hue, Vietnam for Couples, Solo Travellers, and Groups, Hostels and Budget Hotels in Hoi An for Backpackers, Couples, and Solo Travellers, and Hostels in Ho Chi Minh City for Solo Travellers, Couples, and Groups.
Panama makes for a fun place to visit for a couple. Panama offers a mix of romantic escapes, making it an enjoyable destination for couples. The exotic San Blas Islands provide a perfect getaway with their secluded and pristine beaches. Couples can enjoy the vibrant nightlife of Panama City, offering diverse dining options and rooftop bars with stunning skyline views. A romantic walk along the cobblestone streets in Casco Viejo, the Old Quarter, presents charming cafes and historic architecture. For nature-loving couples, a visit to the serene highlands of Boquete can offer an escape with intimate hikes and cozy accommodations.
Most people consider Vietnam to be better for backpackers than Panama.
Vietnam is a mecca for backpackers and budget travelers. Vietnam stands out as a quintessential budget-friendly haven for backpackers and younger travelers seeking rich cultural experiences without breaking the bank. Hostels in cities like Hanoi, Ho Chi Minh City, and Hoi An are plentiful, often charging as little as $5 to $10 per night for dorm beds, complete with modern amenities, social lounges, and even rooftop bars perfect for meeting fellow adventurers. Beyond affordable accommodation, Vietnam offers an abundance of budget activities—from exploring the surreal limestone karsts of Ha Long Bay via inexpensive day tours, to cycling through the ancient streets of Hoi An or hiking up the terraced rice fields in Sapa, all accessible for under $20. Getting around is equally wallet-friendly: local buses and sleeper trains provide comfortable, scenic transport connecting major destinations, often costing less than a domestic café latte. Even motorbike rentals, a favorite among backpackers for flexible exploration, typically run around $5 to $7 a day. Combined, these factors make Vietnam a magnet for youthful explorers craving adventure, culture, and camaraderie on a shoestring budget.
Ho Chi Minh City: It's well established on the Southeast Asian backpacker's circuit and you'll find no shortage of hostels in town. You'll find a good number of backpackers in District 1 of the city, near Ben Thanh Market. Many backpackers also arrange trips to the Mekong Delta or elsewhere in Thailand while they're here.
Hanoi: It's a highlight for many backpackers doing the Southeast Asian circuit. It is filled with hostels and cheap places to eat, and there is no shortage of backpackers around town. Most stay in the Old Quarter, where you'll find the highest concentration of hostels and budget accommodation.
Hoi An: It's solidly on the backpacker trail, and you'll find many visitors who come for the beautiful culture and fascinating setting.
See also Party Hostels in Vietnam, Hostels in Hue, Vietnam for Couples, Solo Travellers, and Groups, and Hostels and Budget Hotels in Hoi An for Backpackers, Couples, and Solo Travellers.
Many backpackers visit Panama. Panama is an exciting and budget-friendly destination for backpackers, teeming with diverse landscapes and cultural experiences. The vibrant local life and affordable accommodations in Panama City make it an ideal starting point. Boquete is a haven for nature enthusiasts, where backpackers can explore cloud forests and waterfalls without breaking the bank. The remote islands of Bocas del Toro offer affordable beach experiences and a lively backpacker community. For a unique cultural experience, backpackers can visit indigenous communities in the Comarca Ngäbe-Buglé region.
See also Hostels in Panama City, Panama for Solo Travellers and Small Groups, and Hostels for Backpackers, Students, and Budget Travellers in Panama..
Panama has better transportation options to get you around the region.
Panama has some very good public transit options. Panama boasts a well-developed transportation network, making it easy for travelers to navigate the country. The Tocumen International Airport in Panama City serves as the primary gateway with numerous international connections. Within the city, an efficient metro system and abundant taxis ensure convenient urban travel. Long-distance buses and highway systems facilitate comfortable travel between major towns like David and Bocas del Toro. Visitors will find it straightforward to explore the country's diverse regions, thanks to its accessible and reliable infrastructure.
Is it easy to travel around Panama?
While Vietnam offers some public transit options, it might not be your first choice. Vietnam offers a fascinating array of transportation options that cater to every type of traveler, from budget backpackers to luxury seekers. For exploring cities like Hanoi and Ho Chi Minh City, motorbike taxis (xe ôm) and ride-hailing apps like Grab provide quick and affordable ways to weave through bustling traffic, while local buses offer an ultra-budget option—though be prepared for crowded conditions and limited English signage. For longer distances, the extensive railway network operated by Vietnam Railways is a scenic and comfortable way to travel between major cities such as Hanoi, Hue, Da Nang, and Ho Chi Minh City, with overnight sleeper trains being especially popular. Intercity buses are ubiquitous, ranging from basic local coaches to modern, air-conditioned sleeper buses that reach even remote destinations. Domestic flights are frequent and competitively priced, with multiple carriers connecting northern, central, and southern hubs, dramatically cutting down travel times across the country’s long, narrow shape. Renting a motorbike or car opens up unparalleled freedom to explore rural areas and coastal routes, though visitors should exercise caution given the chaotic road conditions and different traffic norms. While Vietnam’s transport options are generally comprehensive, travelers should be aware that infrastructure outside major cities can be less reliable, with infrequent public transit in rural areas, so planning ahead is key to a smooth journey.
Is it easy to travel around Vietnam?
Overall Panama is a more comfortable and modern travel destination than Vietnam.
Panama can be very comfortable and luxurious with plenty of restaurants, activities, hotels, and amenities. Travelers seeking comfort will find Panama accommodating with its variety of modern amenities and upscale lodgings. The Waldorf Astoria and JW Marriott in Panama City offer luxurious stays with world-class service. The country's well-developed road network and reliable public transportation make travel comfortable. In the highland town of Boquete, visitors can enjoy charming boutique hotels offering tranquility and scenic views. Even more remote destinations like the Pearl Islands offer upscale resorts, ensuring a comfortable getaway far from the mainland bustle.
Vietnam is generally comfortable to travel in, although some areas don't have as much travel amenities. Traveling in Vietnam offers a fascinating blend of the modern and the delightfully rough-around-the-edges, making it a uniquely immersive experience for the adventurous traveler. Public transit, while steadily improving, remains a patchwork of options: bustling local buses that are inexpensive but can be crowded and erratic, vibrant motorcycle taxis weaving through chaotic streets, and increasingly popular sleeper trains that offer a comfortable overnight journey between major cities. Domestic flights have also become a reliable and affordable way to cover long distances quickly. When it comes to food, Vietnam is a paradise on a plate—street vendors serve up steaming bowls of pho, crispy banh mi sandwiches, and fresh spring rolls that burst with flavor, often at prices that make your wallet smile. Accommodation ranges widely: in major cities and tourist hotspots, you’ll find modern hotels with amenities like air conditioning and Wi-Fi, but outside these hubs, many guesthouses and hostels lean towards the basic and rustic, often family-run with a warm, authentic feel rather than polished luxury. So while traveling in Vietnam might sometimes be a little rough—think uneven roads, occasional language barriers, and the sensory overload of vibrant street life—it’s exactly these rough edges that make the journey richly rewarding, a refreshing departure from sterile, cookie-cutter tourism.
Both Panama and Vietnam are very touristy.
Panama is somewhat touristy. Panama strikes a balance between popular destinations and hidden treasures, as it is not overwhelmingly touristy. Visitors can explore heavily-traveled spots like the Panama Canal and Casco Viejo in Panama City, drawing considerable interest. However, locations like the San Blas Islands and the untouched Darien area provide more off-the-beaten-path experiences. For those appreciating less crowded areas, small towns like El Valle de Antón offer a peaceful escape surrounded by nature.
Vietnam has a reasonable number of visitors. Vietnam occupies a fascinating middle ground in the global tourism landscape—it’s neither overwhelmingly over-touristed nor a hidden gem untouched by visitors. Popular spots like Ha Long Bay, Ho Chi Minh City’s bustling Ben Thanh Market, and the ancient town of Hoi An can draw sizable crowds, especially during peak travel seasons and holidays, but these places rarely feel claustrophobic compared to hotspots in neighboring Thailand or Bali. Beyond the well-trodden highlights, vast swaths of Vietnam remain refreshingly off-the-beaten-path—think the remote hill tribes of Sapa, the tranquil stretches of the Mekong Delta, or the largely undiscovered beaches of the central coast. In essence, Vietnam offers a dynamic blend: vibrant tourism hubs where you’ll find lively energy and international visitors, balanced by quieter, authentic corners perfect for travelers seeking to escape the crowds and delve deeper into local culture. It’s a destination that invites exploration beyond the postcard clichés, rewarding those willing to look a little further.
For some great organized tour ideas, see The Best Family-Friendly Tours to Panama, The Best Adventure Tours to Panama, The Best Budget Tours to Panama, The Best One-Week (7-Day) Tours from Panama City, The Best 2-Week Tours from Panama City, The Best Family-Friendly Tours to Vietnam, The Best Hiking & Trekking Tours in Vietnam, The Best Historical Tours in Vietnam, The Best 10-Day Tours in Vietnam, The Best One Week (7-Day) Tours in Vietnam, The Best 2-Week Tours in Vietnam, The Best River Cruises in Vietnam, The Best Bicycle Tours in Vietnam, Tours for Outdoor and Nature Lovers in Vietnam, The Best Coach Bus Tours in Vietnam, The Best Adventure Tours to Vietnam, The Best Eco Tours in Vietnam, The Best Sightseeing Tours in Vietnam, The Best Cultural Tours in Vietnam, The Best Food and Culinary Tours in Vietnam, The Best Tours Under $1000 in Vietnam, The Best Luxury Tours to Vietnam, The Best Budget Tours to Vietnam, The Best Tours for Seniors to Vietnam, The Best G Adventures Tours to Vietnam, The Best One-Week (7-Day) Tours from Hanoi, The Best One-Week (7-Day) Tours from Ho Chi Minh City, The Best 10-Day Tours from Hanoi, The Best 10-Day Tours from Ho Chi Minh City, The Best 2-Week Tours from Hanoi, and The Best 2-Week Tours from Ho Chi Minh City.
Panama and Vietnam both offer a nice selection of activities for visitors. Many travelers usually spend more of their time in Vietnam than Panama because of the number of activities and things to do in the area. Usually, 3-7 days is a good amount of time for Panama, and 5-14 days is enough time in Vietnam.
Families should spend more time in Panama than Vietnam. Because of the many family-friendly attractions and fun things to do for kids in Panama, it's a great place to visit with the whole family.
Couples should spend more time in Vietnam than Panama. You'll find plenty of romantic sights and fun activities in Vietnam that are perfect for a weekend getaway or a longer couple's trip.
Backpackers and budget travelers should spend more time in Vietnam than Panama if your budget allows for it. With a larger number of budget-friendly sights, good nightlife, and active things to do, anyone traveling on a budget would have a good time in Vietnam.
In Panama, you'll find wildlife, adventure travel, and national parks. The length of your trip often depends on your style of travel. Adventure travel is very popular here, too. Since there is so much to do in the area, a weekend is probably not enough for all of it.
Vietnam is a great place to explore. With so much to do, a weekend is probably not enough time to see everything. Your budget might influence how long you stay.
Panama is a great place to explore. It is common to spend five days here. Many visitors spend time at the beach while visiting the area. Five days is a great amount of time to relax and see the many things that Panama has to offer. Anyone can find something fun to do here.
It's hard to know how much time to spend in Vietnam. For many, it makes a great getaway for five days. Adventure travel is very popular here, too. With all of its activities, you can easily fill five days here. It has many unique tourist attractions and fascinating things to do.
It's hard to know how much time to spend in Panama. In Panama, you'll find national parks, history and culture, and nightlife. People usually spend lots of time at the beach. With all of its activities, you can easily fill one week here.
Many travelers enjoy the adventure travel, national parks, and history and culture when visiting the enchanting destination of Vietnam. This country offers a variety of activities to choose from. It's also known for its adventure travel activities. If you have one week, this is a great place to go. This would be the perfect place to spend one week, as it has just the right amount of activities.
It's hard to know how much time to spend in Panama. Many people enjoy the national parks, history and culture, and nightlife when visiting Panama. Adventure travel is very popular here, too. Two weeks is more than enough time to enjoy everything. Take some day trips to nearby places to fill the extra days.
Many travelers enjoy the adventure travel, national parks, and history and culture when visiting the vibrant destination of Vietnam. This country offers a variety of activities to choose from. Many visitors spend time at the beach while visiting the area. If you have two weeks, this is a great place to go. With all of its activities, you can easily fill two weeks here.
These are the overall average travel costs for the two destinations.
The average daily cost (per person) in Panama is $93, while the average daily cost in Vietnam is $65. These costs include accommodation (assuming double occupancy, so the traveler is sharing the room), food, transportation, and entertainment. While every person is different, these costs are an average of past travelers in each country. What follows is a categorical breakdown of travel costs for Panama and Vietnam in more detail.
Looking for a hotel in Panama or Vietnam? Prices vary by location, date, season, and the level of luxury. See below for options and compare which is best for your budget and travel style.
Kayak helps you find the best prices for hotels, flights, and rental cars for destinations around the world. Compare prices for multiple destinations when planning your next trip.
Some typical examples of transportation costs in Panama are as follows:
Some specific examples of transportation prices in Panama:
Below are a few samples from actual travelers for transportation costs in Vietnam:
Also for Vietnam, here are a few examples of actual transportation services:
Prices for flights to both Vietnam and Panama change regularly based on dates and travel demand. We suggest you find the best prices for your next trip on Kayak, because you can compare the cost of flights across multiple airlines for your prefered dates.
Below are a few samples from actual travelers for food and meal costs in Panama:
Also, here are some specific examples of food and dining related activities in Panama.
Here are some examples of typical meal expenses from previous travelers to Vietnam:
For Vietnam, here are some samples of tours and activities related to meals and dining experiences:
Here are a few typical costs in Panama for activities, ticket prices, and tours that come from previous visitors:
Here are a few actual costs in Panama for available activities, ticket prices, and tours:
For Vietnam, here are some examples of average entertainment and activity prices from previous travelers:
Also, here are some specific examples of entertainment, tickets, and activities for Vietnam.
Here are a few samples of the prices for alcohol and nightlife in Vietnam from other travelers:
Also in Vietnam, these are the prices for nightlife and alcohol related activities from various tour providers:
When we compare the travel costs of actual travelers between Panama and Vietnam, we can see that Panama is more expensive. And not only is Vietnam much less expensive, but it is actually a significantly cheaper destination. Since Panama is in Central America and Vietnam is in Asia, this is one of the main reasons why the costs are so different, as different regions of the world tend to have overall different travel costs. So, traveling to Vietnam would let you spend less money overall. Or, you could decide to spend more money in Vietnam and be able to afford a more luxurious travel style by staying in nicer hotels, eating at more expensive restaurants, taking tours, and experiencing more activities. The same level of travel in Panama would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Panama than you might in Vietnam.