Foreign investors can temporarily reside in Vietnam for a period of 10 years

11:10, 23/01/2020

This is a notable content specified in Law on amendments to a number of Articles of Law on entry, exit, transit and residence of foreigners in Vietnam issued on November 25, 2019 by the National Assembly of Vietnam.

Specifically, according to the Law on amendments to a number of Articles of Law on entry, exit, transit and residence of foreigners in Vietnam, the validity of temporary resident card is specified as follows:

- Validity of DT1 temporary residence cards does not exceed 10 years.

- Validity of NG3, LV1, LV2, LS, DT2 and DH temporary residence cards do not exceed 5 years.

- Validity of NN1, NN2, DT3 and TT temporary residence cards do not exceed 3 years.

- Validity of LD1, LD2 and PV1 temporary residence cards do not exceed 2 years.

DT1 shall be issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam and contributing capital of VND 100 billion or more or investing in business lines benefitting from investment incentives, in administrative divisions benefitting from investment incentives decided by the Government.

View more details at the Law on amendments to a number of Articles of Law on entry, exit, transit and residence of foreigners in Vietnam, effective from July 01, 2020.

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