Vietnam may soon introduce a long-term “golden visa” for international travelers. The country’s Tourism Advisory Board (TAB) has proposed a visa valid for five to ten years. The plan is designed to help Vietnam stay competitive in Southeast Asia’s growing tourism market. The official proposal was recently submitted to Prime Minister Pham Minh Chinh, according to Báo Văn Hóa.
This move could place Vietnam alongside regional tourism leaders like Thailand, Malaysia, and Indonesia, all of which already offer similar long-stay visa programs. With global travel steadily recovering after the pandemic, Vietnam aims to attract more long-term visitors, investors, and digital nomads through this initiative.
A Strategic Push to Compete Regionally
The golden visa proposal is part of Vietnam’s broader efforts to recover and grow its tourism sector. The Tourism Advisory Board stressed the importance of matching neighboring countries that already offer long-term residency options for foreign visitors.
Thailand recently launched its 10-year Long-Term Resident (LTR) visa, targeting wealthy global citizens and skilled professionals. Malaysia’s “Malaysia My Second Home” program has been in place for over a decade, and Indonesia offers its “second home visa” for foreign nationals with significant financial means.
“Vietnam needs to act now to remain a top destination,” said Vu The Binh, President of the Vietnam Tourism Association. “A golden visa would make the country more attractive to global travelers looking to stay longer and invest more.”
What Is a Golden Visa?
Golden visas are long-term residence permits offered by a country to foreign nationals. These visas typically require applicants to meet specific criteria, such as investing in the local economy, owning property, or meeting minimum income thresholds. In return, holders gain the right to live in the country for several years, often with the option to renew or apply for permanent residency.
TAB’s proposal suggests that Vietnam’s golden visa could be issued for five to ten years, though specific terms have not yet been disclosed. The board believes this will bring in retirees, digital workers, entrepreneurs, and long-term tourists.
Aiming for Quality and Quantity
Vietnam welcomed more than 12.6 million international tourists in 2023, a strong recovery after the COVID-19 slump. Still, it lags behind pre-pandemic numbers and faces increasing competition from nearby countries.
“We’re not just looking for more tourists—we want high-quality travelers who stay longer, spend more, and contribute to the economy,” explained a TAB spokesperson. “A golden visa is a key step in that direction.”
The plan also supports Vietnam’s national tourism development strategy for 2030, which targets 18 million international visitors per year and increased tourism spending.
Industry Support and Economic Impact
Tourism experts and hospitality leaders have voiced support for the idea. They believe a golden visa could strengthen Vietnam’s appeal among foreign investors, retirees, and professionals working remotely.
Nguyen Quoc Ky, Chairman of Vietravel Holdings, noted, “This visa could open the door for more long-term business activities, second homes, and even start-up ecosystems in cities like Da Nang and Ho Chi Minh City.”
The World Travel & Tourism Council (WTTC) reports that tourism contributed approximately 9.2% to Vietnam’s GDP in 2023. A boost in long-stay travel could raise that number, especially in areas outside traditional tourist hubs.
Government Review Underway
The Prime Minister’s Office has not yet made an official statement, but insiders say the proposal is under serious review. If approved, the policy may be implemented later this year or early 2026.
Vietnam currently offers visa-free travel to 25 countries, and e-visas for citizens from over 80 countries. However, most visas are short-term, valid for 15 to 90 days. A golden visa would mark a significant shift in the country’s immigration approach.
Challenges and Considerations
While the plan is gaining support, some experts warn of potential risks. These include property speculation, pressure on infrastructure, and social integration challenges. Officials say clear guidelines and vetting processes will be needed to prevent abuse.
The Ministry of Public Security and the Ministry of Culture, Sports and Tourism are expected to work closely on the framework to ensure transparency and control.
A New Era for Vietnam’s Tourism?
If the golden visa is approved, Vietnam will enter a new era of travel and international engagement. The country could see more long-term residents, increased foreign spending, and new investments in housing, education, and healthcare.
As Southeast Asia’s tourism race heats up, Vietnam is signaling that it intends to stay ahead—not just by attracting more tourists, but by offering them a reason to stay longer.
