Vietnam's proposed new Golden Visa aims to attract foreign investors and high-net-worth individuals, as the country capitalizes on its strong economic momentum. With GDP growth projected at 7.1% in 2024鈥攄riven largely by exports and foreign direct investment鈥攖he government is positioning itself for a 鈥渘ew era鈥� of development and is setting its sights on double-digit growth.
Vietnam's proposed 10-year Golden Visa, which is renewable, will be granted to expatriates who make a substantial contribution to the national economy鈥攑articularly in tourism, innovation, and other strategic sectors. The program is structured around three distinct visa tracks:
- A renewable Golden Visa valid for 5 to 10 years;
- A 10-year Investor Visa, with eligibility for permanent residency after five years;
- A renewable 5-year Talent Visa, aimed at highly skilled professionals in high-growth industries.
The government promises a streamlined, fully digital application process. This simplified procedure will also extend to tourist and business travel visas.
Among its key targets, Vietnam is actively courting Indian expatriates. During a startup-focused seminar on April 2, officials from both countries reaffirmed their commitment to deepening bilateral cooperation. A similar initiative in March focused on strengthening ties between Indian and Vietnamese businesses.
While India remains a priority market, Vietnam is also working to expand international partnerships. Since the beginning of the year, the country has welcomed over 7.67 million foreign visitors, led by arrivals from China (1.95 million) and South Korea (1.58 million). The number of European visitors is also rising, with growth ranging from 11.5% to more than 30%.
