Vietnam

Why Vietnam Could Be A Good Choice For Immigration

Vietnam officially known as “socialist Republic of Vietnam” is located at the eastern edge of mainland southeast Asia. Vietnam is the world’s 5th most populous county with a population of over 96 million people. The capital city is Hanoi (Ha Noi). Vietnam is an “S” shaped country due to its shape and location on the map. From the top to the bottom of Vietnam 392 rivers flows covering 6,734.6 km area. People in Vietnam are bike lovers and it is estimated that in 2017, there were more than 45 million motorbikes in Vietnam, especially in Hanoi & Ho Chi Minh city. 

Vietnam is recognized as a safe place for expats to live in. Factors like nice weather, low cost of living, favorable working and secured environment, opportunities for career makes Vietnam one of the best places for foreigners to work and live here. With Vietnam coming in ninth place, it is obvious that expats feel welcome there. The friendliness towards foreign residents, rated positively by 83 percent, might have a positive impact on expats’ general well-being.  A Belgian expat, for instance, considers the country to be “less stressful than many other places, as people smile naturally”. However, only four out of ten expats (43%) would describe the local population as outgoing, and almost six in ten the respondents (58%) are thinking of moving back to their country of origin in the future.

The Following Factors Speak For An Immigration To Vietnam

  • Good Heritage
  • Open for Business
  • Low Cost of Living
  • Good for Working Abroad
  • Ease of Settling In
  • Very Friendly People
  • Easy making Friends

Traveling information: 

Vietnam has opened all border for travelers, however wearing masks, social distancing, temperature monitoring and vaccination-medical declaration are all required to prevent the spread of covid-19. Vietnam still face the Omicron danger, however due to the effective mass vaccination scheme and contact tracing, the community infections are under control though cases are found daily. 

Flights are resumed from international destinations which are positively safe from Covid-19. International travelers are required to show a Negative Covid-19 test result using RT-PCR/RT-LAMP method within 72-hr before entering Vietnam or 24 hrs. before departure. Vietnam allows visitors from the following countries to enter Visa free and stay as indicated. In case visitors wish to extend the stay, they can apply for E-Visa online. 

1) Asia
    Brunei & Myanmar – 14 days
    Japan, South Korea – 15 days
    The Philippines – 21 days
    Cambodia, Indonesia, Laos, Malaysia, Singapore, Thailand – 30 days

2) Europe
    Denmark, Belarus, Finland, Italy, Germany, France, Norway Russia,
    Sweden, UK – 15 days

For online visa application, kindly refer : evisa.xuatnhapcanh.gov.vn

How to immigrate:   

A permanent residence permit is a must in order to immigrate to South Africa, which has to be approved by Immigrants Selection Board. The permit must be filed from your home country or any other country other than South Africa. The permanent residence must be taken within six months from the date the permit is granted. The permit is granted to those who meet certain requirements as mentioned below: 

  1. The applicant must be of a good character
  2. Must be a desirable inhabitant
  3. Must not be likely to be harmful to the welfare of South Africa
  4. Not applied for an occupation in which there is already sufficient number of people working in the country.
  5. The applicant must fall into the list of the South African Immigration Act, 2002 (Act No. 13 of 2002)

To apply for permanent residency permit visit: www.gov.za

People:

There are 54 different ethnic groups in Vietnam. The Kinh ethnic group or the Viets are nearly 90% of the total population. Kinh people are descendants of inhabitants of the provinces of southern China.

Vietnamese people actually are a combination of many races and cultural influences from surrounding regions. The family unit in Vietnam are generally tight, generations living together and practice the same trade from generation to generation. Families are very close to each other and supportive. People here are very hospitable which is very important to Vietnamese. They are very king and playful people.

 To know more about the Vietnamese people please visit: factsanddetails.com

Job offers:  

Vietnam attracts a lot of expatriates due to its economic development which has requires various specialists. If you are a teacher with good knowledge of English and Software development, you have many career opportunities. Specialists in the Real Estate business is now in demand as real estate is booming in Vietnam right now. The increase of international trade in Vietnam has also opened new jobs. 

Most expats come to Vietnam to look for job on a tourist or business visa. After finding a job they apply for work permit with the employer as a sponsor. This becomes easy if tourist or business visa was process by a center in Vietnam itself on arrival into Vietnam.

Many recruiting websites has served as a good platform for employers and employees through its convenience and a wide range of approach. Some most prestigious job portals in Vietnam are Vietnamworks.com, CareerBuilder, Mywork, 1001vieclam, Vieclam 24h, careerlink, Timeviecnhanh, Itviec.com etc.

Trying to find a job in Vietnam, please visit: www.expat.com

Unemployment rate: 

The first quarter of the year 2022 experienced a decrease of 2.46% from 3.56% in the 4th quarter of the year 2021. The Trading Economics global macro models and analysts expects it to be 3.10% by the end of the second quarter of 2022. There was a slightly decline in employment in 2020 due to impact of Covid-19, however it has increased now due to the economic growth and availability of jobs.

It is estimated that around 1.4 million Vietnamese people enter in the labor market, but about 27-30% among these are skilled labors. This means large proportion of them are not skilled to do high demand jobs.  Education and Training is one reason in Vietnam is one big reason behind this, is the education system, which is very expensive and not very good. A great number of Poor populations cannot afford higher education and they do not need university degrees to work in labor jobs.  So, when young people do not have the skills they cannot compete in the labor markets. This accounts to high unemployment rate among Youths which is around two-thirds of the total unemployment rate.

To see the graph of unemployment is Vietnam, please visit: www.statista.com

Economy:  

In the year 2020 the GDP in Vietnam was worth 271.16 billion us dollars as per World Bank official data. This value represents 0.24% on the world’s economy.  Vietnam’s economy has withstood many crises, covid-19 being the latest, however it was one of only a few countries to post their GDP growth in 2020. The growth declined to 2.58% in 2021 because of Delta variant but is expected to rise to 5.5% in 2022.

Vietnam is the world’s largest exporter of cashews and black pepper in the international market and due to its good quality, it has a turnover of approximately 3 million dollars. Vietnamese Coffee is another commodity which contributes to a good economy. The annual coffee crop export is approx. 3.2 billion USD. The Vietnamese coffee is unique and is considered to be one of best coffee in the world.

The updated report on Vietnam’s economy is available on : www.worldbank.org

Renting and buying of real estates for foreigners:

All land in Vietnam is governed by the state as the land is a collective property of all Vietnamese people. Under the state law a foreign companies and individual people can lease out land for up to 80 years.

To rent a house in Vietnam you need minimum 3-month tourist visa. A two or three-bedroom rental apartment will cost approx. 300 to 900 US$. People prefer to rent a house in places like Hoi-An, where there is not much traffic, atmosphere is pleasant and a beautiful beach just a few Km away. There are many places available on rent here an they do not ask for deposits.  To move around in the city motorbikes are available on rent.

For longer stay, cheaper and good houses are available on rental basis. Houses near the beaches are higher.

The Vietnamese law also allows foreigners to buy a property in Vietnam who have a Vietnamese Visa Stamp on their passport.  Even foreign companies, foreign investment branches of foreign banks can also purchase property in Vietnam.

Land cannot be purchased in Vietnam, only the structures build on the land is allowed to be purchased.

For more information to buy land in Vietnam, please visit: www.cekindo.vn

Climate: 

Vietnam experiences tropical climate with high humidity but it varies in different regions due to its varied terrain. The Monsoon or the rainy season dominates the climate from May to October. Rest of the year its dry season. In all seasons all the regions get their fair share of sun and rain. 

Throughout the year the temperature ranges from 70 deg. F and 95 deg. F, with 85% average annual humidity. It has three distinct regional weather patterns. The mountainous region of far north Vietnam with its high altitudes experience snow sometimes and freezing cold. November to April, the northern region experience cool and dry winter, and May to October it will be hot and humid and finally July to September it will experience Rains. 

Central Vietnam is hot an dry from January to August, Cool and rainy in winter months and rains in October and November.  Finally the southern region has constant warm temperatures, Rains from May to November and it will experience dry weather from November to May. 

www.liveandinvestoverseas.com

Languages: 

The people of Vietnam speak Vietnamese Language. More than 85% of the people here are ethnically Vietnamese. Rest of the residents are from a varies ethnic background which include Chinese, Thai, Cham, Hmong to name a few and many other different highlander (Montagnard) groups.

Vietnamese was first recorded in the Báo Ân Temple inscription dated early 13th century AD. It was a combination of Chinese and archaic form of the Chu Nom script.  It shared more characteristics of the common languages of south east Asia and was influenced by its location in the mainland southeast Asia linguistic area. Vietnamese is spoken in other countries by the Vietnamese speaking communities, hence it is taught in schools and institutions outside Vietnam. Vietnamese language is amazing and has six tones, a Latin alphabet comprising of 29 letters and five main dialects. Along with the native Vietnamese words this language includes Chinese-Vietnamese phrases and words of English and French.

To find out about the other languages spoken in Vietnam, please visit: ling-app.com

Traffic: 

Traffic in Vietnam is very heavy, especially in Ho Chi Minh City. It has experienced Traffic Jams with sometimes hundreds and thousands of vehicles trapped sometimes for long hours. This has been one of the problems which pose a challenge to the government. The cause of this problems is the number of vehicles especially the motorbikes which are the largest in Vietnam. It is estimated that 7 million i.e is 910 motorbikes per 1000 people exist in Vietnam. This the highest ratio in the world. 

Over and above the Motorbikes it is estimated that 700,000 cars, 3250 buses and 100,000 occupy the roads and on an average 70% of these vehicles are on the road. 

To know more about the traffic and road conditions in Vietnam, please visit: www.countryreports.org

Currency:

The Vietnam Dong (VND) is the official currency in Vietnam. They are of two types: paper and plastic polymer. The polymer banknotes have a higher value than paper dong.

The Paper Dongs are available in VND 500, VND 1,000, VND 2,000 and VND 5,000. The Polymer Dongs are available in VND 10,000, VND 20,000, VND 50,000, VND 100,000, VND 200,000 AND VND 500,000

Coin Currencies are not in use in Vietnam anymore.

Payment Transaction: 

Throughout Vietnam ATM machines are available, and most ATMs will accept foreign cards. The maximum withdrawal is VND2,000,000 an VND 4,000,000 per transaction depending on the bank. Most ATMs charge and have a low withdrawal limit.  The MB Bank ATM on “Hai Ba Trang” (Near the junction with Ba Trieu) does not charge for withdrawal and has more withdrawal limit.

Traveler’s checks are not widely accepted in Vietnam.   There are 6 common methods by which payment transactions are done in Vietnam. They are:

• Cash
• Bank Card
• E-Wallet
• E-Payment Gateway
• Bank Transfer
• Mobile Banking
• Online Check.

To find out then E-commerce payment trends in Vietnam, visit: www.paymentwall.com

Cost of living:  

Vietnam is not an expensive city to live in. As compared to the west it would be anywhere from 55 to 25% less than what it would have cost you in other Asian countries.

Ho Chi Minh City is the most expensive city in Vietnam, followed by Hanoi. A comfortable middle-class lifestyle will cost less than $1300 per month in these 2 cities. A luxury lifestyle with an lake view furnished house, eating in restaurants and enjoying sightseeing will cost you around $4000 monthly.

A household help will be available for $2 or $3 an hour and $125 for a live-in monthly maid. On an average the monthly electricity bill will be somewhere between $75 to $100 with AC and Heater.

To get the cost of basic commodity in Vietnam, please visit: www.expatistan.com

Taxes:   

Vietnam is not a Tax-free nation. All residents and non-residents are subject to pay personal Income Tax. Non-residents are taxed at a flat rate of 20%. Self-declaration and payment of tax is the everyone’s responsibility here.

The different types of Taxes in Vietnam are:

  • Corporate Income Tax
  • Value Added Tax
  • Foreign Contractor Withholding Tax
  • Special Sales Tax
  • Personal Income Tax

For a guide to Personal Income Tax in Vietnam for Foreigners please visit: bbcincorp.com

Health Insurance:   

Medical services are paid in Vietnam by the locals and by the expats. On an average the health insurance in Vietnam will cost $7775 and for a family it can cost you around $11512. Private hospitals are more convenient and adequately equipped. For a person coming from Western countries the public hospitals would not be desirable. However, a Private hospital will be comfortable as it is served by medical practitioner from USA, Japan, Korea and France. Even the Vietnam doctors are trained oversees. Private hospitals also accept international medical insurance.

Visiting a Dentist and Dermatologists are comparatively lower than western countries, but it varies considerably. It is advisable to take out private health insurance before coming to Vietnam.  Expats will not experience any trouble in bringing the prescribed medicines into Vietnam from their home country. Make sure to carry your Doctor’s letter or prescription confirming the medicines is for your personal use.

Expats guide to Health care concerns and Insurance policies in Vietnam, please visit: www.movehub.com

Important Addresses:

Tan Son Nhat International Airport
Trường Sơn, Phường 2, Tân Bình,
Thành phố Hồ Chí Minh, Vietnam
Phone: +84 28 3848 5383

Vietnam Immigration Department
44-46 P.Trần Phú, Điện Bàn, Ba Đình,
Hà Nội, Vietnam
Ph. +84 24 3825 7941

*9999 Emergency Ambulance Service
Tân Bình and nearby areas
Ph. +84 28 3744 9000

Ministry of Public Security Department Of Immigration
254 Đ. Nguyễn Trãi, Phường Nguyễn Cư Trinh, Quận 1,
Thành phố Hồ Chí Minh, Vietnam

U.S. Consulate General
Đ. Lê Duẩn, Bến Nghé, Quận 1,
Thành phố Hồ Chí Minh, Vietnam
Ph. +84 28 3520 4200

USA Embassy (open 24 hours)
7 P. Láng Hạ, Chợ Dừa, Ba Đình,
Hà Nội, Vietnam
Ph. +84 24 3850 5000

FV Hospital (open 24 hours)
6 Nguyễn Lương Bằng, Tân Phú, Quận 7,
Thành phố Hồ Chí Minh,
Vietnam
Ph. +84 28 5411 3333

Summary: 

Vietnam a beautiful Southeast Asian Country is worth visiting due to its ancient history, diverse culture and awe-inspiring landscapes. Vietnam known for the famous Second Indochina War. Some attractions related to the Vietnam War include Cu Chi Tunnels, War Remnants Museum and the Reunification Palace attracts visitors from around the world. The Hanoi city brings out the nostalgic feeling and an interesting view of Vietnamese culture. Motorbike being the main transportation in Vietnam almost all adults own their own bikes. Vietnam is known for its best coffee and is one of the largest rice exporters in the world. One of the cheapest yet developed country of the world, Vietnam is worth living in.

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