the ultimate guide to vietnam retirement visa

A retirement visa is a great option for expatriates who wish to pursue a more relaxed lifestyle in Vietnam. However, if you're considering applying for a retirement visa and want to know what benefits the country has to offer, then this guide is going to be of great help.

What is a Vietnam retirement visa?

A Vietnam retirement visa is an official travel document issued to expatriates who retire from their employment in Vietnam. The travel document allows its holder to travel to any country in the world for up to six months at a time, with no restrictions on the length of stay or number of visits.

The purpose of this document is to allow expatriates who have worked for a minimum of five years in Vietnam or abroad to take advantage of the particular policies and benefits that apply to retiring foreign nationals. For example, expatriates who hold a retirement visa can obtain permanent residence status and be eligible for public health insurance, as well as other benefits.

READ MORE: APPLY INVESTOR VISA FOR VIETNAM

What are the advantages of a retirement visa for Vietnam?

People who have worked in Vietnam for at least a year and wish to retire are eligible for Vietnam retirement visas. You will need to submit an online application to get this visa. If your application is approved, a temporary residence permit will be given to you, allowing you to stay in Vietnam for up to 30 days before requesting a permanent residency card.

It is possible to live and work in Vietnam permanently with a retirement visa from Vietnam. Unlike a tourist visa, this type of visa gives you the right to remain in the country long term, as well as access to healthcare, education, and other benefits.

Here are some benefits of a Vietnam retirement visa;

• You can apply for citizenship after five years of residency with no requirement to be married or have children.
• You can apply for permanent residency after five years of living in Vietnam.
• As soon as you land in Vietnam, you may begin working.

How long does it take to receive a retirement visa for Vietnam?

A Vietnam retirement visa is a type of visa given to citizens who have resided in Vietnam for 30 years or more and wish to retire in the country. The visa allows you to live in Vietnam permanently, travel freely, and work without restrictions.

If you have been living in Vietnam for more than 30 years and want to retire here, then you can apply for a Vietnam retirement visa. The process is simple and takes around 3-4 days.

What are the requirements to get a Vietnam retirement visa?

A Vietnam retirement visa is a type of visa that allows you to visit and live in Vietnam for up to 180 days. This visa can be used by individuals who are retired, have reached age 60, and are planning to stay in Vietnam for more than 30 days.

Here are some documents required to apply for a Vietnam retirement visa;

• Passport with at least 6 months left on the passport.
• Two recent passport-size photos (3cm x 4cm), including one front view and one full-face photo, taken within the last 6 months
• One original certified copy of State Department Form I-94 with one page completed showing that the traveler has been abroad for less than 30 days within the past year. The applicant must also submit an original certified copy of the marriage license or divorce decree of both spouses if there are any.
• Health insurance card from your home country or proof that travel insurance is purchased before leaving for Vietnam, which can be shown by an insurance company's letterhead or office receipt with your name as the insured person and policy number as well as your date of birth on it. It is also recommended to carry a letter from your employer stating that you are covered by their insurance plan in Vietnam, which should be written in Vietnamese.
• Proof that you have enough funds to support yourself while living in Vietnam (bank statements showing sufficient funds held by bank accounts outside of Vietnam).

Who is eligible to get a Vietnam retirement visa?

The Vietnam retirement visa is a special type of visa issued by Vietnam to foreigners who are in their 60s or older and wish to retire in the country. You may stay in Vietnam for up to 5 years with this visa, which is renewable if necessary.

Here are some criteria to get a Vietnam retirement visa;

• You will be able to work in Vietnam on this visa. You can also open an official business or set up an enterprise with foreign capital on this type of visa, provided that it's done through an agency and your employer is registered in Vietnam.
• You'll need a letter from your home country stating that you're retiring from your current profession. If you have any family members living abroad, they'll also need a letter from them stating that they're willing to help you financially during your stay in Vietnam.
• These documents must be translated into Vietnamese by a certified translator before they can be submitted as part of your application package. They must also be legalized and authenticated by the relevant authorities in Vietnam before they can be used as proof that you are retired and eligible for this type of visa.
• You must have worked in Vietnam for at least five years.
• You must be over 50 years old and not be disabled, restricted from doing manual labor, or suffering from any chronic illness that prevents you from working.
• You must prove that you have enough funds to support yourself during your stay in Vietnam, as well as any dependents who may accompany you when applying for your Vietnam retirement visa.

What are the types of Vietnam retirement visas?

A Vietnam retirement visa is a special type of visa that allows foreigners to live in Vietnam permanently. It’s a type of visa that allows foreigners to stay in Vietnam indefinitely, where they can work and contribute to the local economy.

Retirement visas were first introduced in 2013 but weren’t as popular at first. Now, however, retirement visas are becoming more common as more and more people move to Vietnam for retirement reasons.

Here are some types of Vietnam retirement visas as follows;

The permanent residence visa:

This is a long-term visa that allows you to live in Vietnam indefinitely. The "green card" or "vacation permit" are other names.

The permit for temporary residence:

You can stay in Vietnam with this kind of visa for a maximum of five years. If you want to stay for more than five years, you can renew your temporary residence visa.

The business visa:

This type of visa is available to foreigners who want to invest in or start a business in Vietnam. 

The short-term business visa:

This type of visa is designed for businessmen who need to visit Vietnam for less than 90 days before returning home or transferring their company's ownership over here.

READ MORE: VISA-FREE COUNTRIES TO TRAVEL TO VIETNAM

Conclusion

The Vietnam retirement visa is popular among foreigners now. Especially if they are looking to live in scenic beach areas such as Phu Quoc and Da Nang. The prime reason is that it takes much less time and has a lower cost than applying for a permanent residence visa in Vietnam.

For people who would choose to retire in Vietnam, this visa has been created. You can either apply for it after you have arrived in Vietnam or before you arrive. Its application is only limited by the time you spend in Vietnam; however, you can request a stay of up to one year on this visa. With this visa, you will get free health care, free education, and a discount at special stores that sell goods to foreign travelers to Vietnam.

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