Vietnam Launches 10-Year Golden Visa to Attract Indian Investors and Tourists

In a landmark move to reshape its global image from a short-stay tourist destination to a sustainable business and cultural hub, Vietnam has introduced a 10-year Golden Visa aimed at attracting foreign investors, professionals, and long-term tourists, particularly from India. The visa policy is part of a broader strategic push by Vietnam to encourage innovation, economic partnerships, and international mobility across Southeast Asia.

Why in News?

Vietnam has officially announced plans to roll out a 10-year renewable Golden Visa, a step designed to enhance its appeal to Indian entrepreneurs, tourists, and digital workers, capitalizing on the increasing demand for long-term stays in affordable and opportunity-rich countries. This visa aims to deepen bilateral relations and position Vietnam as a new hub for business and tourism in the region.

Key Features of Vietnam’s Golden Visa

• Offers renewable 10-year residency for foreign investors and skilled professionals.
• Designed to attract contributions in tourism, innovation, and economic development.
• Eligibility criteria are yet to be finalized but will favor meaningful contributions to Vietnam’s economy.
• Likely to feature a digital-first application process, modeled after the current eVisa system.

Background and Significance

• Vietnam is already a popular short-term destination for Indian tourists.
• With improved air connectivity (from Delhi, Mumbai, Chennai, and Kolkata), Vietnam has become highly accessible.
• The country is leveraging its affordable cost of living, safety, and growing expat ecosystem to attract long-term residents.
• The move reflects Vietnam’s ambition to become a sustainable international hub for business, remote work, and cultural exchange.

Impact on India–Vietnam Relations

• India is now a key source market for Vietnam’s tourism sector.

The Golden Visa is expected to strengthen trade and investment, especially in,

• IT and digital services
• Textiles
• Renewable energy
• Tourism infrastructure

Vietnam’s Strategic Vision

• Transition from short-term tourism to long-term economic engagement.
• Attract global talent and investments to boost GDP and innovation.
• Reinforce Vietnam’s role as a leading Southeast Asian business destination.