New immigration law looks to attract investment

Update: 14:57 | 13/07/2020
Vietnam’s new immigration law includes a new type of visa for foreigners who come to Vietnam to conduct activities as part of international agreements Vietnam has signed.
TIN LIÊN QUAN
Guidelines on extension of foreigners’ temporary residence due to COVID-19 pandemic
Vietnam Airlines suspends flights to France, Malaysia from March 17
new immigration law looks to attract investment
Passengers at Noi Bai International Airport in Ha Noi. (Photo: VNA)

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

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

Vietnam will issue visas with validity from six to 12 months for foreigners who enter to promote services and establish commercial presence according to international agreements.

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

“Strategic foreign investors who contribute capital of 100 billion VND (4.4 million USD) or more in Vietnam are granted an up-to-five-year visa and temporary residence cards for at most 10 years. This will attract more foreign investment in the country,” Du said.

The outdated immigration law regulated that all certified foreign investors in Vietnam could obtain a five-year-visa regardless of their investment capital. The new law issues a visa with a duration of at most 12 months and does not grant temporary residence cards to foreign investors that invest less than 3 billion VND (130,400 USD).

The outdated law also required citizens from 13 countries entering Vietnam under the visa waiver scheme to wait for at least 30 days to return and the new law has removed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

Countries from which citizens do not have to apply for visas to enter Vietnam include Belarus, Denmark, Japan, Norway, Italy, Finland, France, Russia, the Republic of Korea, Spain, Sweden, Germany and the UK.

Chika Tsujimoto, head of political section, Japanese Embassy in Vietnam said: “The removal of this regulation will create conditions for Japanese businesspeople to come to Vietnam on short-term trips. Japanese businesspeople have an interest in making investments in Vietnam. Vietnam is not only an attractive destination for Japanese investors but also acts as a linkage between Japan and other neighboring countries.”

“I believe that the new immigration law for foreigners will attract not only Japanese investment in Vietnam but also tourists and students,” she said.

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

“The Vietnamese Government has tried to constantly make amendments. The new law has extended the length and validity of visas and permits, which makes much easier for the implementation of foreign NGOs’ projects,” he said.

Colonel Tran Van Du from the Immigration Department said thanks to the two-year e-visa pilot in 2018 and 2019, the number of foreign visitors to Vietnam increased. That’s why the immigration agency decided to extend the list of countries eligible for e-visas to 80 countries.

“We will study to continue to extend the list in the time to come,” Du said.

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

“The automated border gates are not new in the world but are definitely new to Vietnam,” he added.

Foreigners who entered the country under visa waiver programs, e-visas, or tourism visas after March 1 will be automatically given stay permit extensions until July 31 free of charge due to the COVID-19 pandemic.

“We will propose the continuous extension depending on practical situations if international flight routes have not been resumed,” Du said.

Passport changes

The new law on exit and entry of Vietnamese citizens approved by the National Assembly last November officially took effect this month with several changes that facilitate the travel of Vietnamese citizens.

Vietnamese citizens from 14 years old can choose to be issued a passport embedded with electronic chips or a passport without electronic chips. The chips contain information about the passport holder and a digital signature of the issuing authority.

Kien Giang ready to welcome new investment waves

Kien Giang ready to welcome new investment waves

Hoang Thi Le Hang, Vietnam country director of Union Aid Abroad – APHEDA, an Australian NGO, said the electronic chip-embedded passports will facilitate Vietnamese citizens while traveling overseas. The electronic chips also help tackle fake passports.

Colonel Tran Van Du advised Vietnamese citizens traveling abroad for a definite period to visit relatives or on holidays to bring personal identification cards.

Identification cards are one of the necessary documents Vietnamese citizens must submit in case they lose their regular passports overseas and wish to return immediately. They can visit Vietnamese representative offices located overseas to be issued regular passports under shortened procedures, he said.

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(Source: VNA)