Foreign investors could get easier entry to Vietnam

Authorities are working to facilitate foreign investors while keeping the nation safe

Facilitating the entry of foreign investors to Vietnam was an important issue raised at the meeting of the Standing Committee on COVID-19 Prevention and Control.

In addition, it is necessary to simplify administrative procedures to decrease the entry time for experts and skilled workers, including documents relating to flights and health certificates.

The prime minister approved the Ministry of Planning and Investment’s proposal to allow senior personnel of South Korean enterprises to enter Vietnam for long stays and short-term business trips alike. In addition, the authorities will consider applications from investors interested in entering Vietnam to look for investment opportunities.

Since the pandemic broke out in Vietnam, about 8,500 foreign experts and employees are waiting to enter Vietnam to resume work, 2,000 of whom are working on key national projects.

As of March 15, based on statistics submitted by locals, a total of 8,459 foreign experts and employees were looking to enter Vietnam, 2,000 of whom are working on key projects such as the Cat Linh-Hadong Metro Line (100 people), Vinh Tan 1 thermal power plant (76 people), the LG Display project in Haiphong city (200 people), Samsung Display Vietnam in Bac Ninh province (700 people), and Texhong Co., Ltd. (77 people). Besides, Samsung Electro-Mechanics Vietnam Co., Ltd. and its partner in Thai Nguyen province are waiting for 150 experts and senior employees.

As of now, experts, skilled workers, business managers, and officials are allowed to enter the nation but they must comply with the nation’s quarantine regulations. Previously, at the peak of the pandemic in early April, 700 South Korean engineers of Samsung Display, a supplier of Samsung Electronics and Apple, were exempted from the mandatory quarantine requirement to allow the urgent preparation for the production of screens for new smartphones.