The program, proposed by the Vietnam Tourism Advisory Council and presented to Prime Minister Pham Minh Chin, aims to increase Vietnam's competitiveness compared to neighboring countries such as Thailand and Malaysia, which already offer similar long-term visa options.
The program provides for three main categories of visas:
- Golden visa:valid from 5 to 10 years, can be extended. It is intended for permanent residents, investors in the economy and tourism.
- Investment visa:valid for 10 years. It provides an opportunity to obtain a permanent residence permit after 5 years of saving investments.
- Visa for talented professionals:A 5-year visa designed for highly qualified professionals in fast-growing industries. Simplified renewal procedure.
The program is expected to be tested in key tourist and economic centers such as Phu Quoc, Ho Chi Minh City, Hanoi and Da Nang before it can be implemented nationwide.
The program starts against the backdrop of the economic recovery in Vietnam and a record increase in the number of foreign tourists. In the 1st quarter of 2025, more than 7.67 million foreign visitors visited the country, which is 23.8% more than in January and March last year.
To obtain an investor visa, applicants will need to invest at least 3 billion Vietnamese VND (about 120,000 US dollars) in a Vietnamese company or project.Source: Eurasia Business News
