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Vietnam's 10-year Golden Visa

Why in the news?

  • Vietnam announced a 10-year Golden Visa to attract Indian investors, tourists and digital workers.

Golden Visa:

Key Features:

  • 10-year renewable residency
    • Long-term residency facility for foreign investors and skilled professionals.
    • The visa will be renewable, ensuring permanence.
  • Promotion of economic and social contributions
    • The scheme is designed to attract people who contribute to tourism, innovation, and economic development.
  • Digital-first application process
    • The visa application system will be based on a digital process in line with the current e-visa framework.
    • It is expected to bring transparency and quick processing.
  • Eligibility criteria
    • The eligibility criteria have not been finalized yet.
    • People who potentially contribute to economic investment, technical skills, or innovation will get priority.

Vietnam:-

  • Located in Southeast Asia
  • Borders: China (north), Laos and Cambodia (west), South China Sea (east)
  • Capital: Hanoi
  • Largest city: Ho Chi Minh City (formerly Saigon)
  • Currency: Vietnamese dong
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