logo
ATTENTION foreign travellers: This country is long-term visa exemption from August 15 for..., check eligibility, how to apply, rules, and...

ATTENTION foreign travellers: This country is long-term visa exemption from August 15 for..., check eligibility, how to apply, rules, and...

India.com6 days ago
Vietnam has made a big change to its visa rules, introducing special visa exemption cards for certain foreign nationals who can make important contributions to the country's economy and society. Starting August 15, 2025, these cards will be valid for up to five years and will allow multiple entries without having to apply for a visa each time.
The announcement, shared by Vietnam Briefing , is aimed at attracting highly skilled professionals, investors, and leaders from around the world to help drive innovation and growth. The government says this move supports Vietnam's plan to become a competitive, open, and globally connected hub, in line with its newly approved International Financial Centre (IFC) policies. Who Can Get the New Visa Exemption?
Vietnam's new visa exemption program is designed for influential people whose work can help the country grow. This includes: Senior leaders from foreign governments, parliaments, top courts, and international organisations.
Well-known scientists, professors, and researchers from respected universities and institutes.
CEOs and top executives from leading global companies, especially those with strong cultural value or global brand recognition.
Investors, entrepreneurs, and senior business leaders who have contributed to economic growth.
Influential figures in culture, academics, or economics with an international presence. Main Benefits and Rules Multiple entries to Vietnam during the card's validity period, without needing to apply for a visa each time.
Cards will be issued in both digital and physical formats, both having the same legal value.
Faster and simpler entry procedures, especially for those who travel often. Who qualifies Vietnam visa exemption?
To get the visa exemption, applicants must have a valid passport and meet the requirements set in the government's Decree. They must also be officially nominated by a Vietnamese agency or organisation. This exemption is meant for people whose presence in Vietnam will make a meaningful contribution to the country's development. How are the exemption cards issued?
The program will offer a chip-embedded physical card that stores personal details such as full name, passport number, and biometric data. Eligible foreign nationals living in Vietnam will receive the card once their biometric information is added to the National Immigration Database or after they obtain a Level 2 electronic identification (e-ID) account. Impact on Vietnam's global position
This visa exemption is part of Vietnam's broader plan to update its immigration and business rules, making the country more competitive on the world stage. It is expected to draw top global talent, increase foreign investment, and encourage collaboration in research, culture, and business — helping drive Vietnam's economic and social growth.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mindspace Reit raises Rs 550 cr via sustainability-linked bonds from IFC
Mindspace Reit raises Rs 550 cr via sustainability-linked bonds from IFC

Business Standard

time22 minutes ago

  • Business Standard

Mindspace Reit raises Rs 550 cr via sustainability-linked bonds from IFC

K Raheja Corp-backed Mindspace Business Parks real estate investment trust (Reit) has raised Rs 550 crore through sustainability-linked bonds (SLBs) from the International Finance Corporation (IFC), the private sector investment arm of the World Bank Group. This follows the Reit's initial Rs 650-crore SLB issuance in June 2024, bringing the total SLB issuance to Rs 1,200 crore. The Rs 650-crore bond was also subscribed by IFC. This is the first SLB issuance by an Indian Reit under the new environment, social and governance (ESG) framework introduced by the Securities and Exchange Board of India (Sebi) in June 2025, the Reit said. The allotted SLBs have a tenure of eight years and are rated 'AAA (Stable)' by Icra, a ratings agency. In May 2025, Mindspace Reit had approved raising Rs 1,800 crore through a fresh issuance of non-convertible debt securities or commercial papers in one or more tranches. Ramesh Nair, managing director and chief executive officer, Mindspace Reit, said: 'With this issuance, we're taking a big step forward on our sustainability journey. Being the first Reit to raise sustainability-linked bonds under Sebi's new ESG framework shows our intent to lead from the front. Partnering with IFC gives us global backing, and it will help us drive energy efficiency, add more green-certified space, and build a portfolio that's ready for the future.' The SLB is directly tied to measurable ESG performance targets, ensuring accountability and impact. These include a reduction in greenhouse gas (GHG) emissions, an increase in the share of green-certified areas under management, and a reduction in energy intensity. Imad Fakhoury, regional director for South Asia, IFC, said: 'IFC is pleased to deepen its partnership with Mindspace Reit through an additional investment, fuelling the growth of Reits as an asset class and strengthening India's real estate sector. By championing sustainable buildings and innovative financing, we are creating opportunities for developers, investors and communities. This investment will accelerate the development of world-class office infrastructure that generates jobs, attracts global capability centres and top employers, and strengthens India's business environment.'

India, Vietnam Coast Guards to collaborate on tackling maritime crime, search and rescue, marine pollution
India, Vietnam Coast Guards to collaborate on tackling maritime crime, search and rescue, marine pollution

The Hindu

timean hour ago

  • The Hindu

India, Vietnam Coast Guards to collaborate on tackling maritime crime, search and rescue, marine pollution

The Indian and Vietnamese Coast Guards held their sixth high-level meeting in Hanoi on Wednesday (August 20, 2025) under the framework of the 2015 Memorandum of Understanding on Coast Guard Cooperation. According to the Ministry of Defence, the talks focused on strengthening collaboration in maritime search and rescue, law enforcement, marine pollution response, and capacity building. Both sides placed particular emphasis on tackling transnational maritime crimes, including smuggling, trafficking, and illegal fishing. The meeting was co-chaired by the Coast Guard's Additional Director General Anand Prakash Badola and Vietnamese Coast Guard Vice Commandant Major General Vu Trung Kien. The delegations reviewed recent ship visits and professional exchanges, and agreed to pursue joint initiatives aimed at enhancing interoperability. They also highlighted the importance of coordinated search and rescue operations and joint pollution response mechanisms to safeguard maritime safety and protect the marine environment. Reaffirming their commitment to regular institutional interactions, training programmes, exchange of best practices, and ship visits, both Coast Guards stressed that such engagements foster mutual trust and operational synergy. The dialogue reflected the shared resolve of India and Vietnam to work in close cooperation for ensuring regional maritime security, safety, and environmental sustainability, the Ministry said.

Mindspace REIT raises Rs 550 crore via Sustainability-Linked Bonds from IFC
Mindspace REIT raises Rs 550 crore via Sustainability-Linked Bonds from IFC

Economic Times

time2 hours ago

  • Economic Times

Mindspace REIT raises Rs 550 crore via Sustainability-Linked Bonds from IFC

Mindspace Business Parks REIT, developer of Grade-A office assets, has raised an additional ₹550 crore through Sustainability-Linked Bonds (SLBs) from the International Finance Corporation (IFC), the private investment arm of the World Bank Group. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mindspace Business Parks REIT, developer of Grade-A office assets, has raised an additional ₹550 crore through Sustainability-Linked Bonds (SLBs) from the International Finance Corporation (IFC), the private investment arm of the World Bank Group. This follows its maiden SLB issuance of ₹650 crore in June 2024, taking the total SLB funding to ₹1,200 latest issuance is the first by an Indian REIT under the Securities and Exchange Board of India 's (SEBI) new ESG framework for debt securities, notified on June 5, 2025. The framework sets enhanced standards for transparency, independent review, and ongoing compliance in ESG-linked instruments, positioning this transaction as a landmark moment in India's real estate financing.'With this issuance, we're taking a big step forward on our sustainability journey. Being the first REIT to raise Sustainability Linked Bonds under SEBI's new ESG framework shows our intent to lead from the front. Partnering with IFC gives us global backing, and it will help us drive energy efficiency, add more green-certified space , and build a portfolio that's ready for the future,' said Ramesh Nair, MD and CEO, Mindspace REIT The bonds carry a tenure of eight years and have been rated [ICRA] AAA (Stable). Bureau Veritas Industrial Services (India) Pvt. Ltd. provided the second-party opinion on the issuance, while Shardul Amarchand Mangaldas & Co acted as legal counsel to the as sustainability-linked instruments, the bonds are directly tied to measurable ESG performance targets, including reduction in greenhouse gas emissions, expansion of green-certified areas under management, and lowering of energy intensity. By linking financial outcomes to sustainability milestones, Mindspace REIT is embedding ESG principles into its growth strategy while reinforcing its commitment to responsible and transparent financing.'By championing sustainable buildings and innovative financing, we are creating opportunities for developers, investors, and communities. This investment will accelerate the development of world-class office infrastructure that generates jobs, attracts global capability centres and top employers, and strengthens India's business environment,'said Imad N Fakhoury, Regional Director for South Asia, IFC, said,Industry experts say the transaction not only strengthens the REIT's capital structure but also sets a precedent for ESG-driven fundraising in the Indian real estate sectorMindspace Business Parks REIT, sponsored by K Raheja Corp group, listed on the Indian bourses in August 2020. The REIT owns quality office portfolios located in four key office markets of India, namely Mumbai Region, Pune, Hyderabad, and Chennai, and is one of the largest Grade A office portfolios in portfolio has a total leasable area of 38.1 msf comprising of 31.0 msf of completed area, 3.7 msf of area under construction and 3.4 msf of future development. The portfolio consists of 5 integrated business parks and 6 quality independent office assets with superior infrastructure and amenities. It has a diversified and high-quality tenant base, with over 260 tenants.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store