Gov't unveils entry, exit and residence policy for foreigners at Int'l Financial Center

The Decree provides for issuance of visa and tempory residence card for foreign investors, experts, scientists, managers and skilled workers working at entities headquartered in the IFC and their family members.

The valid duration of visa or temporary residence card shall exceed 10 years.

The time required for issuing visa and temporary residence card shall not exceed three working days since the date of valid dossiers.

Conditions for permanent residence

Major investors, experts, scientists, special talents, and senior managers working at the IFC shall be considered for permanent residence in Viet Nam if the following conditions are satisfied:

- Applicants must have papers proving long-term employment at agency/organization located in the IFC and have worked at such agency/organization for at least three consecutive years.

- Applicants shall need to acquire approval from Cabinet Ministers, Heads of Ministerial-level Agencies or Governmental Bodies, or Chairmen of the Ho Chi Minh City Municipal or Da Nang Municipal People's Committee.

Application dossiers

Application dossiers shall include the following papers:

- Application form for permanent residence

- Judicial record issued by competent authority of applicant's country

- Diplomatic note issued by diplomatic mission of the applicant's country.

- Certified copy of applicant's passport

- Written request and papers proving the applicant meets required conditions

Within 02 months since the date of receiving valid dossiers, the Minister of Public Security shall consider and decide to grant permanent residence to the foreign applicant.

In case the dossiers require further verification, the additional time shall not exceed one month.

Within 02 months since the date of receiving the notification regarding the grant of permanent residence from the Ministry of Public Security, the applicant shall need to come to immigration agency to take the permanent residence card.

Every ten years, the applicant needs to show up at the immigration agency to renew his/her permanent residence card./.