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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

During the first six months of 2022, anti-corruption authorities at all levels took disciplinary action against 295 Party members for corruption, 117 more than in the same period last year. Vietnam has gradually created a solid legal framework to make corruption impossible. General Secretary of the Central Committee of the Communist Party of Vietnam Nguyen Phu Trong. Photo: VNA General Secretary of the Central Committee of the Communist Party of Vietnam Nguyen Phu Trong gave the remarks during the 22nd meeting of the Central Steering Committee for prevention of corruption and wrongdoings on August 17. According to Trong, who also serves as the head of the Committee, the authorities have taken a comprehensive and consistent approach in drafting regulations against corruption within the Party and the State. “New changes have been made to revise the Party and the State’s regulations to better adapt to the current situation,” he noted. Trong called for the … [Read more...] about Vietnam finalizes legal framework to make corruption impossible: Party chief

South Korean authorities continue to reject work visa applications from residents of two districts in Thanh Hoa Province, north-central Vietnam, due to rampant visa overstays, according to a statement made at a conference in Hanoi. Workers from Hoang Hoa and Dong Son Districts in Thanh Hoa Province will likely continue to have their South Korean work visas rejected, said Le Dinh Tung, deputy director of the provincial Department of Labor, Invalids and Social Affairs at the conference on Vietnamese workers and experts working abroad held in the capital city on Tuesday. The event was jointly organized by the Central Economic Commission, the Ministry of Labor, Invalids and Social Affairs, and the International Labor Organization (ILO) Office in Vietnam. As these districts are home to a number of workers who have continued living in South Korea despite their labor contracts having expired, South Korean authorities have suspended accepting workers from these locales until further … [Read more...] about S.Korea continues refusing guest workers from Vietnam’s Thanh Hoa due to visa overstays

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

Domestic and foreign elites seek apartments in the core area of ​​HCM City where give them the highest life quality standards. The selling price of luxury and super-luxury apartments in HCM City has recently strongly leaped. Many apartments have the highest price in Viet Nam. Despite the price hike, some projects still have positive liquidity as the projects are really attractive to both domestic and international buyers. There are many factors driving the price hike. Of them, the most important factor is the prime location plus the panoramic view of the city; the unique design as well as the level of products’ perfection that brings luxury and class to the apartment. These are the reasons that make customers with financial potential to buy. The Grand Manhattan is one of the few projects in the heart of HCM City, District 1 that target the upper-class customer group. A green space at The Grand Manhattan. Located in the cross corner of Co Giang and Co Bac streets, Grand … [Read more...] about The Grand Manhattan satisfy demand of elite customers

The approval of Vietnam’s circular economy development plan, announced in June, aims to help reduce greenhouse gas emissions by 15 per cent of GDP by 2030 (as compared to 2014). The commitment at COP26 by Vietnam to achieve net-zero carbon emissions by 2050 is considered the main call for investment into green technologies and friendly-environmental projects, as well as approval of plans such as the aforementioned circular economy one. These messages have sent a strong signal regarding the country’s direction towards low-carbon, green development, and a circular economy, and could be a new driving force for Vietnam’s sustainable socioeconomic development, helping to improve its competitiveness and foreign direct investment (FDI) into the country. While governments have committed to lowering CO2, companies are also following suit for the good of the planet, Photo: Shutterstock As a result, numerous groups have made decisions in terms of investment and other operations … [Read more...] about Green standards top policies for fresh foreign ventures