Vietnam introduced the newest residency by investment program in Southeast Asia, the minimum investment amount is 120,000 USD (VND 3 billion). 

There are three options under the Vietnam residency by investment program: 

Golden Visa: valid for five to ten years, and it's an extendable residency permit for contributors to the economy, aiming at the tourism industry. 

Investor Visa: It is valid for ten years, and the resident can obtain permanent status after maintaining the investment for five years. 

Talent Visa: renewable residency for five years, targeting highly skilled people. 

The usual Vietnamese practice is to try new solutions in predetermined regions, so investors can start in main tourist locations such as Phu Quoc, Ho Chi Minh City, Hanoi, and Da Nang before the government rolls out the scheme for the entire country. The background of the decision is that Vietnam wishes to compete with Thailand and Malaysia, and those neighboring countries have successful golden visa programes, according to Eurasiabusinessnews. 

Advantages of the Golden Visa in Vietnam 

• First of all, the new visa allows foreigners to stay in Vietnam without the usual visa renewals.
• Holders of the Vietnamese Golden Visas can work and start businesses there.
• Permanent residents can apply for citizenship after five years. 
  
  

It is worth comparing the region's golden visa programes. 

The Thailand Elite Visa allows applicants to reside in the country with a minimum contribution of 20,000 USD, meanwhile, the ten-year option is available in exchange for a contribution of 45,000 USD. 

In Malaysia, the Malaysia My Second Home Program (MM2H) requires a property purchase for at least 140,000 USD or a fixed deposit of 150,000 USD in a local bank. 

Are you looking for the best residency by investment options? Contact our experts at Discus Holdings Ltd! We are here to help you find the best solution. 

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