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A new visa - Is this real ?

MarkinNam

   Is this a joke or for real,,,,,,,,,Maybe.

See also

Visas for VietnamTourist visa in VietnamSteps to obtain an Investor TRC (Temporary Residence Card) in VietnamE visa for holidayWork pass/ visa to transfer helper to Vietnam
Psyde Steppe

Maybe stick to the Vietnam official government website, instead of Youtube for your information?

Aidan in HCMC

Neither. It's conjecture.😉


Rest assured, when/if a Vietnam "retirement visa" becomes a reality, you'll hear about here in the forum.

jrharvey

This guy has a lot of helpful information about Vietnam but uses a lot of clickbait titles to grab attention. Its part of the game with youtube so I get it. I do watch his videos regularly though. I would also caution against using his legal services. Just personal experience.

OceanBeach92107

<snip> Is this a joke or for real,,,,,,,,,Maybe. - @MarkinNam


Another dubious link, similar to when you posted the direct link to a scam visa agent.


By posting the link instead of simply asking the question, you end up promoting what is essentially click bait.


If you watched the entire video you'd know that he finally admits it's all conjecture at this point, based on the government actively considering the issue BUT WITHOUT HAVING CHANGED ANY REGULATIONS OR LAWS. 


Also, it's worth mentioning why this wouldn't necessarily be good news.


Under the current system of investor visas and associated TRCs {temporary resident cards) a person invests a certain amount of money in order to receive the visa that then allows them to apply for the TRC.


Because it's an investment, it can lose value, but it can also gain value or retain its value without change.


Currently a 3-year TRC can be obtained with a â‚«3 billion Vietnam dong investment.


Under one proposal that is being floated, a person could BUY a TRC of significant length for â‚«5 billion Vietnam dong.


That money would then be gone.


It wouldn't be a system where you can put a certain amount of money on deposit to obtain and guarantee your visa, ALTHOUGH THAT IDEA IS ALSO BEING DISCUSSED.


But I'm just talking about one proposal amongst many that are being floated in the news.


If Visa laws were sausages, this would be messiest, nastiest part of the process.


So the bottom line is 🚫 NO 🚫, it's not real, and it's not a joke, it's just misleading click bait.


I think it's worth noting that there is a common misconception about the communist government of Vietnam.


Foreigners seem to think that the Communist party is monolithic and everyone marches in lockstep with each other.


That's actually a fair perception, once laws have been passed and enacted.


But the process that the government goes through in order to establish new laws and regulations is really quite open and encouraging of discussion and debate.


There are definitely conservative and liberal factions in the Congress.


They have strong opinions and feelings about the direction the country should be taking on myriad issues.


This is an example of the head of the government calling on the Congress to have open debate about possible long-term visa solutions, so the news can be very messy and difficult to summarize concretely.


However, once formal recommendations have been submitted and voted upon and enacted into law, there will be no deviation from the party line.


As Aidan has indicated, when the process reaches that point, you will definitely hear about it here in the forum.

MarkinNam

@jrharvey

Thanks JR

I had subscribed to it but have reversed that now

MarkinNam

Is this a joke or for real,,,,,,,,,Maybe. - @MarkinNam


This WAS a question and Not a statement, thanks for the feed back from every one

MarkinNam

My failing was not reading the comments in regard to the video, and just believing the spiel. Not all of my inquiries here get a response so I feel forced to look to other sources. some times I f up

Aidan in HCMC

My failing was not reading the comments in regard to the video, and just believing the spiel. Not all of my inquiries here get a response so I feel forced to look to other sources. some times I f up - @MarkinNam

Nah, you didn't F up.

Ken Duong " (MBA, but no LLB? link, YouTube) uses YT mainly as a promotional device for his visa services. Keep an eye on the forum here, and you'll get up to date info on any/all visa changes.

MarkinNam

@MarkinNam

Aidan in HCMC

@MarkinNam - @MarkinNam

Of note in that article...

"Vietnam *is* introducing a 10-year golden visa. "

then...

"Vietnam’s new golden visa aims to attract *foreign investors*"

then...

"...new visas that offer renewable residency to those interested in *investing in the country’s tourism sector and economy.*"

then...

"There are three *proposed* categories, according to news site Financial Express."

(yet, there is no mention of these "visa proposals" on the )


No mention whatsoever of any retirement visa, nor of the costs to qualify for any of the *proposed* visas.

There are already investment, student, expert visas available, though not offered for, nor promoted as, a "10 year golden visa".


The clickbait title does little to lend the article any credence, and I'm assuming was worded as so only to increase that sites traffic. The article's author cites Financial Express as its source, yet that source site has no info regarding VN visas (at least none I could find). Also, there is a glaring difference between "...is introducing...", and "proposing to introduce".


Believe us when we say that one's best source for up-to-date Vietnam visa information is right here on the expat.com VN forum.

Accept no substitutes😀