Vietnam is contemplating the introduction of a ‘Golden Visa’ program that could enable foreigners to stay for extended periods ranging from five to ten years. This initiative seeks to draw in long-term tourists, retirees, digital nomads, and foreign investors.
The proposal, initiated by Vietnam’s Tourism Advisory Board, aims to enhance the country’s attractiveness as a travel and investment destination in Southeast Asia. With significant progress made in the tourism sector post-pandemic, experts warn that neighboring countries like Thailand and Malaysia have already established their own long-stay visa options, capitalizing on the resultant benefits.
A Golden Visa would function as a residency permit in exchange for financial investment in various sectors, including real estate and business. Currently, Vietnam primarily grants short-term visas; implementing a Golden Visa could facilitate up to a decade of residency, coupled with straightforward renewal processes and the liberty to live, work, or retire in this enchanting country.
The pilot program, if approved, is expected to be launched in key urban and tourist centers such as:
- Phu Quoc – A tropical paradise.
- Ho Chi Minh City – A vibrant business and cultural nucleus.
- Hanoi – The historic capital.
- Da Nang – Emerging as a preferred destination for digital nomads.
Eligibility for the Golden Visa would cover:
- International investors and entrepreneurs.
- Skilled professionals and tech talent.
- High-spending tourists and digital nomads.
- Retirees seeking an affordable and scenic lifestyle.
The overarching goal is to rejuvenate tourism, lure foreign investment, and bolster Vietnam’s international standing as a desirable living destination.
