The Hanoitimes - Vietnam is boosting its presence in the EB-5 program to become “the most active participant”, according to the Wall Street Journal. More and more Vietnamese people are pouring money into real estate in the US through EB-5 Immigrant Investor Visa Program, which allows them to become lawful permanent residents – a way to help them fulfill the American dream. Illustrative photo Indeed, Vietnam is boosting its presence in the EB-5 program, just behind China and India, to become “the most active participant”, according to the Wall Street Journal. Currently, about 20% of EB-5 investment in the US real estate comes from Vietnam, compared to 25% from India and 30% from China, the Wall Street Journal reported, citing statistics from the US Immigration Fund. According to the US Immigration Fund, the number of Vietnamese nationals receiving EB-5 visas rose to 693 in 2018 from 471 in 2017. Four years ago, Vietnam … [Read more...] about More Vietnamese people seek American dream through EB-5 visa
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US real estate developers target EB-5 capital from Vietnam
Illustrative image (Source: VNA) Hanoi (VNA) – US real estate developers are turning to a new, fast-growing source of cheap capital known as EB-5 from Vietnam, reported the Wall Street Journal on March 5. The Southeast Asian country is rapidly gaining on China as one of the biggest participants in the foreign-investment initiative. The programme offers green cards in return for investing in job-creating US businesses or real-estate projects. About 20 percent of EB-5 investment in American real estate now comes from Vietnam, putting it behind just India’s 25 percent and China’s 30 percent, according to the journal. Vietnamese nationals received 693 EB-5 visas last fiscal year, an increase from 471 in 2017, it said. Developers advertising their projects to Vietnamese investors including Related Companies, which is looking for 380 million USD for the third phase of its Hudson Yards development, and Extell Development, which is seeking investors for its Times … [Read more...] about US real estate developers target EB-5 capital from Vietnam
‘The Terminal’ drama ends, Vietnam sends Lesotho man home
Masena Bokang Jon, 32, from the Kingdom of Lesotho near South Africa, boarded a Turkish Airlines flight to Istanbul at the Tan Son Nhat International Airport on Tuesday night. Airport authorities said Thursday he would take another flight from Istanbul to his homeland. After confirming his personal status, immigration officers in Vietnam completed legal procedures for him to leave for home, concerned that his state of health required good care from his family. Earlier reports had said that Jon stayed in the detention room at Tan Son Nhat for two months following his deportation from Japan for using a fake passport. He had entered Vietnam with a valid visa, arriving in Ho Chi Minh City on a Vietnam Airlines flight from the Indonesian capital of Jakarta on August 18. Two weeks later, he boarded an AirAsia flight to Japan, transiting via Thailand’s Bangkok. However, Japanese immigration authorities denied him entry after discovering he was using a fake passport. The authorities … [Read more...] about ‘The Terminal’ drama ends, Vietnam sends Lesotho man home
Vietnam ends ‘The Terminal’ drama, sends Lesotho man home
Masena Bokang Jon, 32, from the Kingdom of Lesotho near South Africa, boarded a Turkish Airlines flight to Istanbul at the Tan Son Nhat International Airport on Tuesday night. Airport authorities said Thursday he would take another flight from Istanbul to his homeland. After confirming his personal status, immigration officers in Vietnam completed legal procedures for him to leave for home, concerned that his state of health required good care from his family. Earlier reports had said that Jon stayed in the detention room at Tan Son Nhat for two months following his deportation from Japan for using a fake passport. He had entered Vietnam with a valid visa, arriving in Ho Chi Minh City on a Vietnam Airlines flight from the Indonesian capital of Jakarta on August 18. Two weeks later, he boarded an AirAsia flight to Japan, transiting via Thailand’s Bangkok. However, Japanese immigration authorities denied him entry after discovering he was using a fake passport. The authorities … [Read more...] about Vietnam ends ‘The Terminal’ drama, sends Lesotho man home
Vietnam welcomes over 11.6 million foreign visitors in first nine months
Asian tourists went up 27.2%, followed by a 19.5% increase in visitors from African countries, while the number of European and American tourists rose by 9.8% and 12.5% respectively. In September, the Vietnam National Administration of Tourism (VNAT) held many tourism promotion activities in a number of markets to attract more foreign visitors. Notably, events were held for the first time in Canada on the 45th anniversary of diplomatic ties, during which Vietnam’s new policies, destinations, products and services were introduced to potential travellers. Currently Vietnam is issuing electronic visas to citizens from 46 countries, including Canada, which saw more than 33 million people travel abroad in 2017, ranking 7th in the world in terms of outbound tourism. In Asia, the Philippines, Vietnam and Japan are the fastest growing markets for Canadian visitors, in addition to China. Besides Canada, the VNAT collaborated with the US Travel Association and the Hanoi Investment, Trade … [Read more...] about Vietnam welcomes over 11.6 million foreign visitors in first nine months