The Golden Visa program, offering a residence period of 5 to 10 years, is currently being proposed to establish a long-term residency mechanism for foreign investors and professionals in Vietnam. Although the policy has not yet been officially enacted, if approved, it would mark a significant milestone in attracting international capital and talent, thereby contributing to Vietnam’s sustainable economic growth.
Introduction to Vietnam’s 10-Year Golden Visa
On March 25, the Vietnam Tourism Advisory Board (TAB) submitted to the Prime Minister a series of proposals aimed at revitalizing Vietnam’s tourism industry. Among these, the most notable is the introduction of a “Golden Visa” program, which would grant long-term residence permits ranging from 5 to 10 years for foreign investors, international experts, and high-end travelers seeking to live and work in Vietnam.
Under the current Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam, the maximum residence duration is currently five years for visa categories LS, DT1, and DT2. Therefore, if approved, the Golden Visa Vietnam would represent a breakthrough policy, establishing a long-term residence mechanism that enhances Vietnam’s appeal as a destination for global investors and professionals.
Experts from the Tourism Advisory Board emphasize that Vietnam possesses significant advantages, including its rich cultural heritage, stunning natural landscapes, favorable investment environment, and advanced healthcare system. The proposed 10-year Golden Visa is expected to become a turning point that enhances Vietnam’s position in the global luxury tourism market, while also attracting foreign direct investment (FDI) and high-skilled talent to the country.
Benefits of Holding a Golden Visa
Looking at countries such as Australia, Austria, Canada, Malaysia, Thailand, and Singapore, which have already implemented Golden Visa programs, it is evident that these schemes offer exceptional privileges to qualified applicants.
Golden Visa holders are typically granted long-term or permanent residence, unlimited entries and exits, and the freedom to establish businesses, make investments, and live as permanent residents. Moreover, they play a significant role in contributing to the host country’s economy through their investment and entrepreneurial activities.
Notably, most Golden Visa programs also extend benefits to dependent family members, allowing spouses and children to live, study, and work in the host country. Therefore, the Golden Visa is not only a pathway to long-term residence, but also an opportunity to build a stable, prosperous life in a high-quality international environment.
Impacts on Vietnam and Foreign Investors
The Golden Visa program, offering long-term residency, is expected to provide a strong sense of security and stability for international investors, professionals, and high-end travelers, aligning with the expectations of the premium market segment.
On a national scale, the policy could serve as a powerful catalyst for attracting foreign direct investment (FDI) into sectors such as luxury real estate, hospitality, and resort development. As foreign investments increase, local communities will also benefit through expanded employment opportunities and higher income levels.
Moreover, the image of Vietnam will be elevated as a prestigious and livable destination, ready to compete globally for long-term visitors and investors. The introduction of the Golden Visa not only strengthens Vietnam’s tourism competitiveness but also helps the country build lasting relationships with the global elite — individuals who may later become strategic investors or influential ambassadors promoting Vietnam’s international reputation.
In conclusion, the proposal to implement a Golden Visa program in Vietnam marks a strategic step toward attracting foreign investment, global talents, and high-end international travelers. Once enacted, this policy would not only establish a transparent and convenient long-term residence framework for foreign investors, but also elevate Vietnam’s position on the global economic and tourism map.
Contact Siglaw firm today for comprehensive visa consulting and support services – fast, fully compliant, and highly efficient for foreign nationals in Vietnam.
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