Peter Zimmermann from Germany said he and his wife have been coming to Vietnam for 5-6 months every winter since 2013 and they always rented a house or a large apartment in the beach town of Nha Trang. "Vietnam is really an excellent place to live as a retiree as local people are open and very friendly. There are good hotels, resorts, restaurants, cafes and apartments. Great beaches by the sea and lots of culture and history to discover," he told VnExpress International . However, current visa policies remain a major barrier for pensioners looking to settle down in Vietnam because the country has not resumed its pre-pandemic visa policies. Apart from granting visa exemption to 24 tourism markets for stays of 15-30 days, Vietnam only issues a one-month single-entry e-visa to visitors from other countries, instead of the three-month multi-entry visas it used to issue. "It is not reasonable for pensioners like us to leave the country every 30 days and return with a new … [Read more...] about Vietnam visa policy rebuffs foreign retirees’ love
Average retirement income
Electric motorbikes manufactured by Vinfast. Many UK businesses are looking into electric mobility industry in Viet Nam which is expected to grow by double digits in the next few years. — VNS Photo Mai Huong Many British investors are seeking investment opportunities in Viet Nam in the hope of cashing in on free trade agreements (FTAs) that Viet Nam has signed with the UK and other economies worldwide. The UK-Viet Nam Free Trade Agreement (UKVFTA), which officially took effect in May 2021, was one of the first trade deals inked by the UK after it left the European Union by the end of 2020, which reflected the importance of Viet Nam in the UK’s trade policy. Bilateral trade and investment between the two economies have grown significantly with a growth rate of 17 per cent last year. Data of the Foreign Investment Agency under the Ministry of Planning and Investment showed as of October 20, 2021, the UK had 439 valid projects amounting to nearly US$4 billion in registered … [Read more...] about More British investors look at Viet Nam to cash in on free trade agreements
HD SAISON has unveiled a preferential loan package of VND10 trillion (US$429.78 million) for workers at industrial parks across the country with the stated goal of protecting them from loan sharks. — Photo courtesy of the company HD SAISON, a subsidiary of HDBank, has earmarked a loan package of VND10 trillion (US$429.78 million) at half the market interest rate for workers at industrial parks across the country. Through this, it hopes to help the government stabilise the economy and ensure social security, and protect workers from loan sharks. Workers expressed happiness on hearing about the package. HD SAISON will lend from this package until the end of 2023 at an interest rate of 20 per cent a year compared to the normal rate of 40-50 per cent. Borrowers can roll over their loans for several years. For the sake of workers An HD SAISON spokesperson said the company was honoured to be chosen by the Government and the State Bank of Vietnam as one of two consumer finance … [Read more...] about Why do workers opt for HD SAISON’s loan package?