An Immigration Department official said that strategic foreign investors who contribute 100 billion dong ($ 4.3 million) or more capital to Vietnam are granted visas for up to five years and temporary residence permits for a maximum of 10 years. AFP

Vietnam’s new immigration law includes a new type of visa for foreigners who come to the country to carry out activities under the international agreements it has signed.

The change should facilitate the implementation of the new agreements that Vietnam has signed, such as the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), said the Colonel Tran Van Du, Deputy Head of Immigration. Department under the Ministry of Public Security.

The department held a session last week to explain immigration laws to diplomatic missions and non-governmental organizations (NGOs) in Vietnam.

Vietnam will issue visas with a validity of six to 12 months for foreigners entering to promote services and establish a commercial presence in accordance with international agreements.

The amendment to the law on entry, exit, transit and stay of foreigners in Vietnam entered into force this month.

Du said: “Strategic foreign investors who provide 100 billion dong capital [$4.3 million] or more in Vietnam are granted a visa for up to five years and temporary residence cards for up to 10 years. This will attract more foreign investment to the country.

The outdated immigration law provided that all certified foreign investors in Vietnam could obtain a five-year visa, regardless of their investment capital.

The new law issues a visa for a maximum of 12 months and does not grant a temporary residence permit to foreign investors who invest less than three billion dong.

The outdated law also required citizens of 13 countries entering Vietnam under the visa waiver regime to wait at least 30 days to return and the new law removed this regulation, creating conditions for foreign visitors to return to any time.

Countries whose citizens do not need to apply for a visa to enter Vietnam are Belarus, Denmark, Japan, Norway, Italy, Finland, France, Russia, South Korea, Spain, Sweden, Germany and the United Kingdom.

Chika Tsujimoto, head of the political section of the Japanese embassy in Vietnam, told Viet Nam News: “The removal of this regulation will create conditions for Japanese businessmen to come to Vietnam for short trips. .

“Japanese businessmen want to invest in Vietnam. Vietnam is not only an attractive destination for Japanese investors, but also serves as a link between Japan and other neighboring countries.

“I think the new immigration law for foreigners will attract not only Japanese investment in Vietnam, but tourists and students as well.”

The co-managing director of the Union of Vietnam Friendship Organizations-NGO Resource Center, Marko Lovrekovic, said the law on entry, exit, transit and residence of foreigners in Vietnam is important for foreign NGOs as well as for the business sector in Vietnam.

“The Vietnamese government has constantly tried to make amendments. The new law has extended the duration and validity of visas and permits, which greatly facilitates the implementation of projects of foreign NGOs, ”he said.

Du said that thanks to the two-year electronic visa pilot project in 2018 and last year, the number of foreign visitors to Vietnam has increased. This is why the immigration agency has decided to expand the list of countries eligible for e-visas to 80 countries.

He said: “We will study to continue to expand the list in the coming time.

“Vietnam will open automated border gates for Vietnamese citizens and foreigners with temporary and permanent residence cards in Vietnam.

“Automated border gates are not new to the world, but are definitely new to Vietnam. “

Foreigners who entered the country under visa waiver, e-visa or tourist visa programs after March 1 will automatically be granted residence permit extensions until July 31 free of charge due to the Covid-19 pandemic.

Du said: “We will offer continuous extension based on practical situations if international flight routes have not been resumed.”

VIET NAM / ASIA NEWS NETWORK


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