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Vietnam Tourism Board Proposes New 10-Year Golden Visa · IMI Podcasts

• 0:00
  SPEAKER_00: Vietnam's Tourism Advisory Board has proposed a golden visa program valid for five to ten years as the country aims to compete with neighboring destinations, according to Van Express.
• 0:12
  SPEAKER_00: The board has submitted its proposal to Prime Minister Fam Min Chin, warning that Vietnam's tourism sector risks falling behind that of Thailand and Malaysia, despite approaching pre-pandemic recovery levels.
• 0:25
  SPEAKER_00: Both neighboring countries now offer long-term visa options for foreign nationals.
• 0:31
  SPEAKER_00: The proposal features three visa options: a 10-year golden visa, a 10-year investor visa, offering potential permanent residency after five years, if the applicant maintains the investment, and a five-year talent visa with simplified renewal procedures.
• 0:49
  SPEAKER_00: The board recommends piloting these programs in tourism hubs, including Pu Kwok, Ho Chi Minh City, Hanoi, and Danang.
• 0:57
  SPEAKER_00: This golden visa would differ from Vietnam's current investor visa framework.
• 1:02
  SPEAKER_00: The existing DT class visas, DT1 to DT4, require capital commitments, ranging from 3 billion Vietnamese dong, or 120,000 US dollars, for a one-year DT4 visa to 100 billion Vietnamese dong, or 4 million US dollars, for a five-year renewable DT1 visa.
• 1:23
  SPEAKER_00: Unlike golden visas, which typically allow passive investment, DT visas demand active business involvement in Vietnam.
• 1:31
  SPEAKER_00: Regional competitors have already moved ahead in this space.
• 1:35
  SPEAKER_00: Thailand, Indonesia, and Malaysia now offer capital-based residency programs.
• 1:40
  SPEAKER_00: Prime Minister Chin urged ministries to expand visa policies to boost tourism growth and position Vietnam as a welcoming destination.
• 1:51
  SPEAKER_00: The proposal aligns with Vietnam's goal to attract more people to the country, either as residents or tourists.
• 1:57
  SPEAKER_00: The government has extended visa exemptions for citizens of 12 countries until 2028, and the Prime Minister has directed ministries to consider implementing visa exemptions for visitors from Europe, the Middle East, and Latin America.
• 2:12
  SPEAKER_00: Vine Express does not mention specific investment thresholds for the proposed Golden Visa, but the initiative clearly aims to create a more accessible path to long-term residency than the current DT visa system.
• 2:28
  SPEAKER_00: The existing path to permanent residency takes three years, followed by the possibility of naturalization after five years, when applicants demonstrate Vietnamese language proficiency and renounce other citizenships.
• 2:44
  SPEAKER_00: This episode first appeared as an article by Ahmad Abbas on IMIDAily.com.
• 2:52
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• 2:59
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