With economic opening policies, especially after the Covid-19 pandemic, Vietnam is an attractive destination for foreign investors. Accordingly, the number of foreign investors in Vietnam is constantly increasing. In order to create favorable conditions for individual investors with direct capital investment or representatives of foreign organizations investing in Vietnam to live, work, Vietnam has policies, suitable for each type of investor in...

1. How to Invest, Do Business and Reside in Vietnam in 2022?
With economic opening policies, especially after the Covid-19 pandemic, Vietnam is
an attractive destination for foreign investors. Accordingly, the number of foreign
investors in Vietnam is constantly increasing. In order to create favorable conditions
for individual investors with direct capital investment or representatives of foreign
organizations investing in Vietnam to live, work, Vietnam has policies, suitable for
each type of investor in being granted temporary residence cards in Vietnam.
How to Invest, Do Business and Reside in Vietnam
Investors using visas, temporary residence cards under the investment category
sponsored by foreign investment companies and with the temporary residence card
symbol DT, are divided into three types of temporary residence cards as follows: (i)
DT1 – Issued to foreign investors in Vietnam and representatives of foreign
organizations investing in Vietnam with a contributed capital of VND 100 billion
(USD 4.5 mil) or more or investing in industries, professions eligible for investment
incentives, geographical areas with investment incentives decided by the Government;
(ii) DT2 – Issued to foreign investors in Vietnam and representatives of foreign
organizations investing in Vietnam with a contributed capital of between VND 50

2. billion (USD 2.3 mil) and under VND 100 billion or investing in industries, trades to
encourage development investment decided by the Government; (iii) DT3 – Issued to
foreign investors in Vietnam and representatives of foreign organizations investing in
Vietnam with capital contribution from VND 03 billion (USD 136k) to less than VND
50 billion. Temporary residence cards with a specific term for investors and
representatives of foreign organizations investing in Vietnam are as follows:
Temporary residence cards with symbol DT1 have a term of not more than 10 years;
Temporary residence card with symbol DT2 is valid for no more than 05 years;
Temporary residence card with symbol DT3 is valid for no more than 03 years. In
case foreign investors and representatives of foreign organizations investing in
Vietnam with a contributed capital of less than VND 03 billion, they will not be
granted a temporary residence card, instead they will apply for a signed visa DT4
which is valid for no more than 12 months.
The application file for applying for a temporary residence card to a foreign investor
must be documents proving the status of the sponsoring agency, organization,
individual; documents proving the relationship between the investor and the
sponsoring agency, organization or individual; information of the sponsored investor;
relevant document information to determine the type of temporary residence card
issued to investors; and declarations in accordance with the law.
If foreign investors and representatives of foreign organizations investing in Vietnam
wishing to stay in Vietnam, they need to apply for a temporary residence card
according to the conditions, documents, procedures of Vietnamese law. It is important
to consult with immigration lawyers at ANT Lawyers – Law firm in Vietnam for
effective solutions.