Are people working in economic zones in Vietnam granted visa?

Are people working in economic zones in Vietnam granted visa?

According to Clause 1, Article 25 of Decree 82/2018/ND-CP, regulations on exit, entry, travel and residence in economic zones are as follows:

1. Investment projects on development of industrial park infrastructure in areas facing socio-economic difficulties or areas with extreme socio-economic difficulties shall be entitled to financial support from the central budget for investing in infrastructure according to the target program of investment in infrastructure of industrial parks which is approved by a competent authority over periods.

Thus, according to the above regulations, if you are a foreigner working in the economic zone and your wife and children will be granted a valid visa many times and have a suitable term in accordance with the law on residence and the law on exit, entry and residence of foreigners in Vietnam.

Is it possible to carry out transactions in the Vietnam's economic zone in Renminbi?

Article 28 of this Decree stipulates finance and credit for the economic zone as follows:

1. The purchase, sale, payment, transfer and other transaction relations between organizations and individuals doing business within border-gate economic zones may be effected in the currency unit of Vietnam (dong), China (yuan), Laos (kip), Cambodia (riel) and other freely convertible foreign currencies in accordance with the law on foreign exchange control.

2. Credit institutions may establish and operate their economic zones in accordance with the law on credit institutions.

3. Domestic and foreign tourists visiting non-tariff zones within bordergate economic zones shall enjoy tax incentives when buying imported goods brought back to their home countries in accordance with the tax legislation applicable to non-tariff zones located within bordergate economic zones.

4. Organizations and individuals succeeding in mobilizing non-refundable official development assistance capital and attracting investment projects implemented within economic zones shall be commended and rewarded according to the Regulation promulgated by provincial-level People's Committees upon receipt of the approval from the Ministry of Finance.

According this Article, the implementation of transactions between individuals and organizations operating in the border-gate economic zone in Vietnam may be conducted in Chinese (Yuan).

Best Regards!