May 10th, 2025 at 05:24 am

Vietnam Proposes 10-Year Golden Visa to Attract Investors and Digital Nomads

Vietnam is strategically planning a 10-year golden visa program to beckon investors and digital nomads. This exciting proposal introduces new, extended visa options and simplified renewal processes. Pilot programs are also expected to be rolled out in major cities like Hanoi and Ho Chi Minh City. This initiative aims to attract high-net-worth individuals and global talent to Vietnam.

Who Can Apply for Vietnam’s Golden Visa?

The Golden Visa program seeks individuals who can substantially contribute to Vietnam. It focuses on economic, cultural, and technological advancements within the country. This flexible residency option is appealing for those seeking a stable, long-term arrangement in Southeast Asia. Here are the target applicants:

• International investors looking for new opportunities.
• Highly skilled professionals in various fields.
• Entrepreneurs and business leaders with innovative ideas.
• Remote workers and digital nomads seeking a vibrant lifestyle.

Proposed Visa Categories Target Investors, Professionals, and Creatives

The Vietnam Tourism Advisory Board (TAB) has outlined three distinct visa options to cater to different profiles. These categories are designed to provide longer and more flexible stays than current options. If approved, these categories would offer longer and more flexible stays than the current 1–2 year visa terms available for most foreign nationals. The visa options include:

• Vietnam Golden Visa: Valid for 5–10 years and extendable, it targets long-term residents.
• Investor Visa: This 10-year visa offers a pathway to permanent residency after five years.
• Talent Visa: A 5-year visa with a simplified renewal process, ideal for professionals.

Current Visa Policies Seen as Restrictive for Foreign Investors

Vietnam currently offers DT-class visas (DT1–DT4) for foreign investors, but these have limitations. These visas require direct investments and commercial activity, which can be restrictive. Here’s a summary of the current visa types:

• DT1: 5 years validity with an investment requirement of approximately US$4 million.
• DT4: 1 year validity with an investment requirement of approximately US$120,000.

The proposed golden visa aims to create new residency pathways without high financial thresholds.

Easier Entry: Digital Visas and Visa Waivers

Vietnam is also streamlining its visa application process alongside the golden visa launch. These reforms aim to make international travel easier and more cost-effective. Key improvements include:

• A more digital-friendly visa system for convenient applications.
• Elimination of mandatory embassy visits for many applicants.
• Expanded visa-free access for citizens of select countries.
• Vietnam has extended visa-free travel to more countries, boosting tourism.

Strong European Interest Fuels Optimism

Vietnam is considering new visa exemptions for travelers from Europe and other regions. These reforms are expected to boost tourism significantly. Recent statistics demonstrate strong year-over-year growth from European countries:

• Italy: +32.6%
• France: +24.7%
• UK: +20.7%
• Germany: +18.8%

This surge in European interest highlights Vietnam’s growing appeal.

Vietnam: A Top Pick for Expats and Digital Nomads

Beyond tourism, Vietnam attracts foreign professionals and digital nomads. Cities like Hanoi and Ho Chi Minh City offer a vibrant and affordable lifestyle. These cities provide:

• International schools and hospitals for families.
• Safe, walkable neighborhoods with a strong sense of community.
• Diverse housing options to suit various preferences.
• Strong digital infrastructure to support remote work.
• Vietnam is rapidly becoming an expat-friendly destination for short- and long-term stays.

Final Thoughts

Vietnam’s golden visa launch is a bold and timely move that aligns with global trends. This initiative presents an exciting opportunity to explore all that Vietnam has to offer. Whether you’re a digital nomad, entrepreneur, or long-term traveler, now is the perfect time to consider Vietnam.