Want to be in the loop?
subscribe to
our notification
Business News
DRAFT CIRCULAR RAISING VISA FEES INTO VIETNAM
Three-month visa : $65
Visa of three - six months: $95
Visa of more than six months - one year: $135
Visa of more than one year - two years: $165
Visa of more than two years - three years: $195
Visa of more than three years - four years: $225
Visa of more than four years - five years: $255
Previous to the change, the fees were $65 for a visa of less than one month, $95 for less than six months, and $135 for six months upwards.
Meanwhile, a single-entry visa for tourists remains unchanged, at $45 under the draft circular.
When VIR asked MoF’s Deputy Minister Vu Thi Mai at last week’s government press conference about the rise in fees for multiple-entry visas, she refused to comment on the issue.
Nguyen Van Tuan, director of a locally-owned tourist company in Hanoi, told VIR that: “I suggest that single-entry visa fees for tourists not be raised, though the existing fee level of $45 remains unchanged in the draft circular. If it was raised, local tourism industry would be badly affected as the number of foreign tourists would decrease.”
Source: VIR
Related News
HCM CITY STARTS CONSTRUCTION OF 6,229 SOCIAL HOUSING UNITS
Industrial developer Becamex IDC on Friday broke ground on four social housing projects in HCM City, adding more than 6,200 apartments as Việt Nam's largest metropolis aims to tackle a shortage of affordable housing. The four projects, comprising 6,229 apartments, will be developed in Chánh Hiệp and Thuận Giao wards and are intended for low-income residents, industrial workers and other beneficiaries of government housing support programmes.
MANUFACTURING SECTOR ENDS FIRST HALF OF 2026 WITH FIRM GROWTH AS PMI HOLDS ABOVE NO-CHANGE MARK
The manufacturing sector ended the first half of 2026 on a firm footing, with sustained growth in output and new orders, even as supply-chain pressures and employment weakness persisted, according to S&P Global. The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 51.8 in June, down from 52.8 in May but still above the 50-point threshold, signalling a continued improvement in the health of the sector, S&P Global said in a news release on July 1.
GOVERNMENT SETS MULTIPLE TARGETS IN LATEST FINANCIAL STRATEGY
Việt Nam's Government aims to see 50 State-owned enterprises included among the 500 largest companies in Southeast Asia, and at least one listed among the 500 largest firms in the world by 2030. These targets were set in Decision 1119/QĐ-TTg, which was recently signed by Deputy Prime Minister Nguyễn Văn Thắng.
BANK PROFITS EXPECTED TO REMAIN RESILIENT IN Q2
The banking sector is expected to post another quarter of profit growth in the second quarter of 2026, supported by solid credit expansion, although earnings are likely to become increasingly uneven across lenders as pressure on net interest margins and asset quality persists. A recent report by MB Securities (MBS) showed that profit after tax at the banks under its coverage is forecast to increase by around 15 per cent year-on-year in the second quarter.
LOGISTICS EMERGES AS NEW GROWTH ENGINE FOR VIỆT NAM’S MARINE ECONOMY
As Việt Nam looks to tap the potential of its marine economy, logistics is increasingly emerging as a key driver of growth for coastal regions. According to the Ministry of Agriculture and Environment, the marine economy currently contributes around 50 per cent of the country's gross regional domestic product (GRDP), with many coastal localities ranking among the nation's top performers in terms of income per capita.
EIGHT MAJOR INFRASTRUCTURE PROJECTS BREAK GROUND IN HO CHI MINH CITY
Eight major infrastructure projects with a combined investment of more than VND253 trillion ($9.7 billion) have broken ground in Ho Chi Minh City. The groundbreaking took place on July 1 to mark the 50th anniversary of the city being officially renamed Ho Chi Minh City on July 2, 1976. The projects, excluding social housing developments, draw on funding from public investment, public-private partnerships (PPPs), and direct private capital.
























