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Vietnam’s Tourism Advisory Board has submitted a proposal to Prime Minister Pham Minh Chinh to introduce a Golden Visa program, offering long-term residency permits valid from 5 to 10 years. The aim is to boost Vietnam’s regional competitiveness and attract more international tourists and investors.
The proposed program includes three visa options:
A 10-year Golden Visa
A 10-year investor visa, with eligibility for permanent residency after five years if the investment is maintained
A 5-year talent visa, with simplified renewal procedures
These visas are expected to be piloted in major tourism hubs such as Ho Chi Minh City, Hanoi, Da Nang, and Phu Quoc.
Unlike the current DT-class investor visas—which require capital contributions ranging from VND 3 billion to VND 100 billion (approx. USD 120,000 to USD 4 million) and require investors to actively manage a business in Vietnam—the Golden Visa would allow for passive investment, offering greater flexibility for long-term residents.
Meanwhile, regional peers such as Thailand, Malaysia, and Indonesia have already launched investment-based long-term visa programs. This proposal is seen as a strategic move to help Vietnam catch up and strengthen its position as a welcoming, globally competitive destination.
Prime Minister Chinh has also instructed relevant ministries to expand visa exemptions, particularly for citizens of Europe, the Middle East, and Latin America. Currently, Vietnam has extended visa waivers for 12 countries until 2028.
Under existing rules, foreigners must legally reside in Vietnam for at least three years to apply for permanent residency. Those seeking citizenship must reside for an additional five years, be proficient in Vietnamese, and renounce their original nationality. If approved, the Golden Visa program would offer a simpler, more accessible path to long-term residency—one that aligns with global mobility trends and international expectations.
In fact, Golden Visas have become a popular investment migration model worldwide, especially across Europe and Southeast Asia. With moderate investment thresholds, clear procedures, and the promise of long-term residency, they have become an attractive solution for individuals seeking both financial returns and a stable lifestyle abroad—whether for business, retirement, or securing a better future for their families.
If Vietnam implements this program with transparency and openness, it has the potential to become a major driver of both tourism growth and foreign investment.
