Monday, 21 December 2015

Vietnam Reduce Visa Granting Fee to Attract Investment

Vietnam visa fees have been revised to make easy for the foreigners entering Vietnam.  This is expected to increase tourists and facilitate the investment.
The Ministry of Finance has issued Circular 157 regulate the fees for granting passport, visa and papers on entry, exit, transit and residence in Vietnam.
Accordingly, from the date of November 23rd 2015, the new fees related to the entry of foreigners, overseas Vietnamese are significantly reduced.
Specifically, the visa fees for foreigners and overseas Vietnamese are reduced as follow: visa valid once fell from 45 USD to 25 USD; visa valid up to 3 months decreased from 95 USD to 50 USD, visa valid more than 3 months to 6 months and visa valid over 6 months to 1 year stays at 95 USD and 135 USD.
In addition, the fee rates for granting visa valid from 1 year to 2 years are 145 USD; visa valid over 2 years to 5 years have the rate of 155 USD.
The reduction of the visa fee rates for foreigners to Vietnam, including tourists to conform to the new regulations of the Law on entry, exit, transit and residence of foreigners in Vietnam, at the same time, encouraging tourism development.
At the same time, also for the purpose of encouraging tourism, the fee rates for visa valid several times, visa valid for no more than 3 months for foreigners and overseas Vietnamese in the conference, workshop or travel has been reduced from 95 USD to 50 USD.
In addition, for tourists traveling to Vietnam and then go to Laos, Cambodia… then return to Vietnam to exit the country in less than 30 days, the 5 USD fee level is applied instead of the current 45 USD.


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