About Vietnam

Vietnam has marched through a challenging 2021 that was still reeling from the effects of the COVID-19 global pandemic. Many industries and establishments suffered greatly all throughout 2020 and 2021, but the Vietnamese economy has shown signs of life as of late. That’s why many foreign investors are scrambling to avail of Visa services in Vietnam.

The country underwent a very strict lockdown in an effort to curb the spread of the virus last year and it lasted for five months. This forced many businesses to turn away customers and to shut their doors temporarily. The global supply chain was also greatly affected by the pandemic and it forced many commercial establishments to make adjustments to their operations.

Now, things are looking up for Vietnam as economic activity resumed back in October as the government braced for a life after the pandemic. The Vietnamese government also took on a very active role in stimulating the economic growth of the country despite having everything come to a halt just a few months prior. Together with the proper health authorities and experts, Vietnamese officials are hard at work at reigniting the momentum of economic growth that Vietnam was experiencing just before the pandemic began.

Right now, the government’s Ministry of Planning and Investment has laid out a plan that’s designed to get a 7% GDP annual growth rate over the next five years. That means that the country is opening its doors up to investments and economic stimuli in order to achieve this goal. Foreign investors are now bullish on Vietnam’s potential as an economic force moving forward.

Types of Business Visas in Vietnam

The visa laws and classifications in Vietnam have changed as a result of the pandemic. There are 21 different types of main visas which all correspond to a different nature of visit. A tourist visa is still the most popular type of visa that a foreigner can get, but for the purposes of doing business in Vietnam, there are three specific visas that are relevant: Business visa, Investor Visa, and Working Visa.

Business Visa

A business visa is the second most popular kind of visa that’s granted by the Vietnamese government, and they are classified into two kinds: DN1 and DN2.

  • A DN1 visa is granted to foreigners who have working duties and responsibilities with certain businesses and organizations that have a legal status that comply with the governing laws of the country.
  • A DN2 visa is granted to foreigners who arrive at Vietnam with the intention of establishing a commercial presence or entity under the compliance of international treaties to which Vietnam is party to.

Vietnam business visas can also be further divided into single or multiple entries across varied durations:

  •  1-month single entry visa
  •  1-month multiple entry visa
  •  3 months single entry visa
  •  3 months multiple entry visa

There are two ways through which foreigners can acquire a business visa for Vietnam:

  • Visa on Arrival – You can secure a visa on arrival as long as you have all of the relevant documents and requirements with you when you enter the country. It’s highly recommended that you have a sponsor letter in order for you to be granted a visa on arrival.
  • Vietnamese Embassy/Consulate – You can also acquire a visa by visiting your nearest Vietnamese Embassy or Consulate. The officials at these offices will give you a list of requirements and documents that you need to secure in order for you to be granted a visa.

For those who are planning to stay in Vietnam for longer than three months, it’s advised that you secure other visas such as the Investor and Working visas.

Investor Visa

An Investor visa is one that is granted to foreign investors who have stakes in businesses or organizations in Vietnam. Like a business visa, an Investor visa is also classified into different groupings:

  • A DT1 visa is granted to foreign investors in Vietnam with a capital contribution of at least VND 100 billion. This kind of Investor visa is valid for up to five years.
  • A DT2 visa is granted to foreign investors in Vietnam with a capital contribution of under VND 100 billion. This kind of Investor visa is valid for up to five years.
  • A DT3 visa is granted to foreign investors in Vietnam with a capital contribution of under VND 50 billion. This kind of Investor visa is valid for up to three years.
  • A DT4 visa is granted to foreign investors in Vietnam with a capital contribution of less than VND 3 billion. This kind of Investor visa is valid for up to 12 months. 

Working Visa

Working visas can also be issued to foreigners who have professional obligations to established organizations or companies in Vietnam. Working visas are classified into two: LD1 and LD2.

  • An LD1 visa is granted to foreigners who come to Vietnam with a work permit exemption certificate unless otherwise covered by international treaties to which Vietnam is a member.
  • An LD2 visa is granted to foreigners who are able to secure a work permit in Vietnam.

A Working visa has a validity period of up to two years.

Premia TNC’s Visa Services

Given the array of documents and requirements that are involved in applying for a visa in Vietnam along with the corresponding permits, many foreign investors will outsource this duty to a solutions provider like Premia TNC. The bureaucratic nature of visa applications can take away from the time and attention of entrepreneurs and investors. Premia TNC is positioned to be able to provide seamless and efficient visa processing services for any prospective foreign workers or investors in Vietnam.


Do you need more information?

You may refer to these Vietnam business expansion guides to find out more:

Vietnam Corporate Information

Read about why Vietnam is such a popular choice for a company incorporation.

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Vietnam Company Secretary Services

Is it mandatory to engage a corporate secretary in Vietnam?

Learn More

Corporate Bank Account Opening in Vietnam

Should you need further assistance regarding Corporate Bank Account Opening Sevices?

Learn More

Frequently Asked Questions

What are the Requirements to Get a Business Visa?

In order for you to attain a business visa in Vietnam, you must satisfy the following requirements:
- You are not prohibited from entry into Vietnam.
- You must have a sponsor company in Vietnam that will serve as a sponsor both your visa and travel. This company must be legitimate. Making use of ghost companies may be grounds for denial of a visa.
- You must have a passport that is valid for at least six months from your date of entry into the country, and it must have at least two blank pages.
- You must supply a recent portrait photo of yourself (4*6cm, or 2*2-inch, white background, in paper or .jpg, depending on your method of visa application).

Do You Need a Sponsorship Letter to Apply for a Business Visa?

If you are applying for a business visa on arrival or via your country’s Vietnamese embassy, then you would need a sponsorship/invitation letter. You will not be granted an entry permit without a sponsor company for your business.

Can You Extend the Validity of a Business Visa?

Both the embassy visa and visa on arrival can be extended.

Can You Work in Vietnam with a Business Visa?

Yes, it’s possible to work in Vietnam with just a business visa, but this is only applicable in the short-term. If you are planning to work in Vietnam on a long-term basis, then you will need to secure a work permit aside from your business visa.

How Much Does it Cost to Process a Business Visa?

The price for applying for a business visa in Vietnam can vary depending on the duration of validity and the method through which you are applying.
Visa on Arrival Prices:
- Single-entry, 1 month: USD 25
- Multiple-entry, 1 month: USD 50
- Single-entry, 3 months: USD 25
- Multiple-entry, 3 months: USD 50
Vietnam Business Visa via Embassy/Consulate: Price can vary depending on the Embassy or Consulate.

Is It Worth It to Invest in Visa Processing Services?

There are a number of benefits of outsourcing visa processing services to a company like Premia TNC:
1. You won’t have to endure long lines and crowds at your local embassy or consulate. Having so many people at the embassy at one time could even potentially serve as a security hazard for everyone there. It’s also a lot more efficient to handle all of your documents, interviews, and requirements with a team of experts beforehand just to make sure that you won’t miss anything before visiting the embassy.
2. Embassies and consulates aren’t always going to be as easy to access as these visa processing service providers. A lot of the time, people might even have to fly or traverse long distances just to visit the nearest Vietnamese embassy or consulate.
3. You could save yourself a lot of time and money by outsourcing the visa processing to another company. While you may have to pay extra fees to the service provider, you will end up saving on flights and other unnecessary expenses that may come out of confusion or ambiguity with the process.
4. Lastly, there’s just a greater deal of customer service that comes with hiring a third party. The embassy or consulate merely functions as a processing center, but they don’t necessarily go out of their way to help people acquire visas. That’s precisely what an organization like Premia TNC specializes in doing. They obsess over the smallest details of the visa acquisition process so that you can free up your mind and your time to do other things for your business.