HCM City (VNA) – The European Chamber of Commerce (EuroCham) in Vietnam announced on July 17 that it had proposedthe expansion of Vietnam's visitor visa exemption list to encompass all 27 EUmember countries.
At present, the visa exemption list includes only seven EUmember countries, namely Germany, France, Italy, Spain, Denmark, Sweden, andFinland.
EuroCham commended the recent efforts undertaken by the Vietnamese Governmentto streamline its visa system, including the extension of e-visa validity to a90-day period, enabling multiple entries and exits starting from August 15.
It also hailed the extension of the temporary stay period for citizensfrom countries exempt from visas by Vietnam to 45 days.
"This expansion will bring in a large number oftravelers from the EU market, which has a population of over 500 million. Byremoving barriers for high-income international travelers to visit Vietnam, EuroChamand Vietnam will undoubtedly unlock amazing opportunities for the country'seconomy after a difficult few years," said EuroCham Vietnam Chairman Gabor Fluit.
The latest reportfrom Google Destination Insights, a tourism data analysis tool, indicated thatVietnam holds great potential as a sought-after tourist destination and ranksamong the top seven most searched travel destinations. Vietnam's attractiveness asan investment destination for foreign direct investment (FDI) is quite evident.the Business Climate Index (BCI) for Q2/2023, published by EuroCham andconducted by Decision Lab, revealed that despite current challenges, 48% ofrespondents express optimism about the increase in FDI capital for theircompanies in Vietnam in the coming quarter.
Vietnam alsomaintains its position as one of the top five investment destinations for overone third of businesses, further affirming its sustainable attractiveness andreputation. The continuous reduction of import tariffs facilitated by theEU-Vietnam Free Trade Agreement (EVFTA), combined with efforts to addressobstacles in administrative procedures as highlighted by BCI surveyparticipants, will further improve Vietnam's investment prospects over time./.

