Vietnam Joins Singapore, Malaysia, Thailand, Indonesia, and Philippines with New Ten Year Golden Visa Program

Vietnam joins Singapore, Malaysia, Thailand, Indonesia, and the Philippines in introducing a new 10-year Golden Visa program designed to attract foreign investors, skilled professionals, retirees, and families. This move reflects Vietnam’s commitment to enhancing its regional competitiveness by offering extended, renewable residency options that simplify long-term living and investment. By aligning with its Southeast Asian neighbors, Vietnam aims to boost economic growth, retain global talent, and create a more welcoming environment for expats seeking stability, access to quality healthcare, education, and a vibrant lifestyle.

Vietnam is gearing up to launch an ambitious 10-year Golden Visa program aimed at accelerating economic growth and boosting the country’s competitiveness within Southeast Asia. This new residency scheme offers foreign nationals, including investors, skilled professionals, retirees, and long-term tourists, the opportunity to live in Vietnam for extended periods with renewable permits ranging from five to ten years. The program is designed to simplify the relocation process by reducing the need for frequent visa renewals, providing a more stable and attractive environment for long-term settlement.

Unlocking Opportunities in Vietnam’s Dynamic Landscape

Vietnam has emerged as one of Asia’s fastest-growing economies, boasting vibrant business hubs, breathtaking natural landscapes, and a rich cultural heritage. Cities such as Hanoi, Ho Chi Minh City, Da Nang, and the tropical island of Phu Quoc are gaining prominence as attractive destinations for both work and leisure. The Golden Visa program capitalizes on this momentum by encouraging foreign nationals to establish deeper roots within the country, while enjoying access to a host of benefits including healthcare and education for themselves and their families.

Recognizing the importance of family unity, the visa scheme allows dependents to accompany the main applicant. Families relocating to Vietnam under the Golden Visa program will have full access to public and private healthcare services as well as education, ensuring a smooth transition and quality living standards for all members.

Categories Tailored to Diverse Needs

Vietnam’s Golden Visa program is structured around three main categories, each designed to cater to different groups of foreigners interested in residing in the country:

• Talent Visa: This visa targets skilled professionals who seek long-term employment in Vietnam, particularly in key growth sectors like information technology, healthcare, education, and other critical industries. Valid for five years, this visa is renewable and aims to attract highly qualified individuals who can contribute to Vietnam’s economic development. The streamlined renewal process makes it easier for talents to continue their careers uninterrupted.
• Investor Visa: Entrepreneurs, business owners, and investors looking to inject capital into Vietnam’s booming economy can benefit from this visa. It is particularly attractive to those who plan to start or expand a business within the country. Investors who successfully maintain their business operations for five years or more may be eligible to apply for permanent residency, providing greater security and incentives for long-term commitment.
• Long-term Tourist and Retiree Visa: For retirees and long-term visitors seeking an extended stay, this visa offers residency options ranging from five to ten years. It is perfect for those looking to explore the country’s rich culture, enjoy its world-renowned cuisine, and experience a relaxed lifestyle surrounded by stunning natural beauty. This category also appeals to digital nomads and tourists who want a hassle-free way to enjoy Vietnam for an extended period.

A Seamless and Digital Application Process

Vietnam is embracing digital transformation in its immigration system by implementing a fully digital application process for the Golden Visa program. This innovation aims to simplify and expedite the submission and approval stages, eliminating the need for applicants to visit embassies or consulates physically.

Applicants will be required to provide standard documents including a valid passport, proof of health insurance, a clear background check, and evidence supporting their income, employment, or investment. The move to a paperless system reflects Vietnam’s broader push to enhance ease of doing business and improve the overall experience for foreign residents.

Pilot Rollout in Major Cities

The Golden Visa program will initially be launched in select urban centers such as Hanoi, Da Nang, Phu Quoc, and Ho Chi Minh City. These cities are not only economic powerhouses but also popular hubs for expats, offering a blend of modern infrastructure, cultural attractions, and vibrant social scenes. The pilot phase will allow the government to refine the program before potentially expanding it nationwide.

Anticipated Impact and Benefits

Though the program is yet to open for applications, it is widely anticipated to draw a diverse group of residents, including entrepreneurs, digital nomads, retirees, and families. Vietnam’s appeal lies in its affordable cost of living, robust digital infrastructure, delicious cuisine, and warm, welcoming communities. These factors combine to make it an ideal destination for those looking to relocate for work, investment, or lifestyle reasons.

The 10-year Golden Visa is expected to strengthen Vietnam’s position as a competitive destination in the region, attracting global talent and capital that will fuel innovation and economic progress. Additionally, by making long-term residency more accessible, Vietnam hopes to foster stronger cultural exchanges and deepen international ties.

Conclusion

Vietnam’s introduction of the 10-year Golden Visa marks a strategic step toward building a more open, investor-friendly, and inclusive environment for foreigners. By offering extended residency options across several categories, along with simplified digital processes and family-inclusive benefits, the program promises to transform the way international residents experience the country. As Vietnam continues to thrive on the global stage, this initiative will likely play a key role in shaping its future as a vibrant, diverse, and prosperous nation ready to welcome the world.