Want to be in the loop?
subscribe to
our notification
Business News
FOREIGN ASSOCIATIONS CONCERNED ABOUT VIETNAM VISA POLICY
According to documents prepared for the Vietnam Business Forum 2015, an annual dialogue between the Government and the private business sector set for on December 1 in Hanoi City, foreign business associations raise the issue in order to seek solutions for FDI firms.
Sherry Boger, chairwoman of the American Chamber of Commerce in Vietnam (AmCham), said Vietnam’s revised Immigration Law, which took effect on January 1, 2015, does not link with the Trans-Pacific Partnership (TPP) trade pact. Most member states of the pact have pledged easy entry for entrepreneurs in the bloc depending on appendices of each member state.
U.S. citizens now get Vietnam visa that have a three-month validity and a single entry. This is a big hurdle to businesspeople and tourists from the two countries and may greatly affect revenue of the tourism industry, which is one of Vietnam’s five priority sectors, Boger said in a petition.
In fact, AmCham raised the visa issue at the Vietnam Business Forum in June this year and was informed that U.S. citizens could apply for one-year-validity, multiple-entry visa from the following month. But nothing has changed so far.
If Vietnam does not revise its visa policy for American business and leisure travelers, the U.S. would have similar treatment towards Vietnamese passport holders in near future. At present, Vietnamese citizens can get multiple-entry U.S. visa with a one-year validity, Boger said.
AmCham expects the problem to be solved in the next few months.
Meanwhile, Shimon Tokuyama, chairman of the Japan Business Association in Vietnam, urged a relaxation of the visa conditions for Japanese visitors.
Japanese citizens cannot re-enter Vietnam within 30 days without a new visa, thus limiting opportunities of Japanese businesspeople and tourists who want to visit Vietnam more frequently.
David W. Carter, a representative of the Australian Chamber of Commerce in Vietnam (AusCham), also expressed concern over the visa issue.
The Government’s recent decision to increase the number of countries subject to visa exemption is welcomed. Currently, Vietnam offers a visa waiver for citizens from 21 countries while Malaysia exempts 164 countries from entry visa, the Philippines with 157 countries and Thailand with 52 countries.
“First, we strongly recommend promptly expanding the list of countries enjoying visa exemptions to Australia and New Zealand to further facilitate trade, investment and tourism between the nations. Secondly, we recommend the exemptions be for 30 days not the current 15 days with returns allowed within 30 days as a means of encouraging people to use Vietnam as a hub,” Carter said.
Apart from the visa matter, the Government and associations will discuss Vietnam’s international integration, banking, infrastructure development and auto industry at the forum.
Source: The Saigon Times
Related News
SENTRYSAFE CHW20201 - EFFECTIVE WATER RESISTANCE, MAXIMUM PROTECTION
In unexpected flooding situations, the most important thing is to keep your valuables dry and intact. SentrySafe CHW20201 is specially designed with superior water-resistant capabilities, helping protect documents, cash, and important belongings even when fully submerged. Proven in real testing: After water submersion, the documents inside remain dry - undamaged.
AN ELECTRIFYING NIGHT WITH THE "QUEEN OF DANCE" THU MINH AT THE GRAND HO TRAM!
The stage at The Grand Ballroom is set to catch fire as Vietnam’s undisputed "Queen of Dance," Thu Minh, takes the spotlight. Renowned for her powerhouse vocals, magnetic stage presence, and sultry, high-energy performances, Thu Minh promises an evening of pure musical euphoria. The energy escalates with an exclusive appearance by special guest and The Voice champion, Vu Thao My.
HIGH-QUALITY HUMAN RESOURCES NEEDED TO ATTRACT NEW TECH INVESTMENT CAPITAL
Besides infrastructure, Việt Nam must also rapidly develop a highly skilled workforce to attract investment in AI, semiconductors and advanced manufacturing, experts have said. Don Lam, CEO and co-founder of investment management company VinaCapital, said that global technology investors were increasingly looking at the readiness of the entire ecosystem, with high-quality human resources a decisive factor.
HIRING OUTLOOK STRENGTHENS IN Q4 AS SKILLS SHORTAGES PERSIST
Hiring intentions among employers in Việt Nam strengthened in the fourth quarter, with 52 per cent of surveyed companies planning to increase headcount between October and December, according to a ManpowerGroup survey released this week. Việt Nam's hiring outlook was stronger than the Asia Pacific and Middle East (APME) regional average of 33 per cent and the global average of 29 per cent, ranking third in the region and 11th globally among 42 markets surveyed.
LARGE BANKS FORECAST TO GAIN HIGHER PROFITABILITY IN H2 2026
The return on average assets (ROAA) of the banking sector will likely remain stable at around 1.5 per cent in the second half of 2026, but profitability divergence among banks will increase, with large banks outperforming peers on stronger margins and diversified earnings, analysts forecast. In a recent report on the banking sector, analysts from the Vietnam Investors Service Rating said the sector’s ROAA rose by 10 basis points quarter-on-quarter to 1.51 per cent in the first half of this year, driven by net interest margin (NIM) improvements at some State-owned banks and large private banks.
VIỆT NAM'S FOOTWEAR, BAG EXPORTS TO US TOP $8 BILLION IN EIGHT MONTHS
Việt Nam's exports of footwear and handbags to the US exceeded US$8 billion in the first eight months of 2026, as the US and EU remained the country's biggest markets despite sluggish growth in footwear shipments. Exports from Việt Nam's leather and footwear sector reached more than $2.45 billion in August, down 9 per cent from July but up 3 per cent from a year earlier, according to preliminary statistics.






















