Vietnam proposes ‘golden visa' program; welcoming global talent to boost tourism and investment sectors
Vietnam has proposed a 10-year golden visa program aimed at boosting its tourism and investment sectors. The initiative seeks to attract long-term tourists, investors, and foreign professionals, particularly from India, to enhance the country's economic growth and regional competitiveness, according to a report by The Times of India.
The golden visa is part of Vietnam's broader strategy to transform from a short-term tourist destination to a center for sustainable travel and international collaboration. By offering long-term, renewable residency to individuals who contribute to the country's tourism, innovation, or economy, Vietnam aims to foster closer cultural and economic ties with global talent and capital.
The proposal includes investor and talent visas with long-term residency prospects. The investor visa would grant a 10-year resident visa to those who invest in Vietnam, with the potential for permanent residency after five years, provided the investment is maintained. The talent visa, intended for highly qualified workers in important growth industries, would offer a simplified renewal procedure to promote long-term employment and retention.
The program is expected to be piloted in major economic hubs and tourist hotspots such as Ho Chi Minh City, Hanoi, Da Nang, and Phu Quoc. These locations are known for their safety, affordability, and availability of international schools, hospitals, and housing options, making them attractive to foreign residents.
(Join our ETNRI WhatsApp channel for all the latest updates) Vietnam's digital-friendly visa process, which already includes eVisas for tourism and short-term business, is expected to extend to the golden visa program. This approach aims to streamline application procedures and make the process more efficient for applicants.
The golden visa initiative aligns with Vietnam's goal of becoming a competitive regional hub for investment and talent, offering a blend of traditional charm and modern comforts to those seeking long-term residency. (With inputs from TOI)
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