Vietnam opens Golden Visa for Indians program of 10 year tenure, offering long-term residency to foreign investors. Seasoned professionals, and businessmen—with a priority focus on Indian candidates. The objective is to enhance economic cooperation between Vietnam and India, offering new business and settlement opportunities to Indian citizens. Conversely, India has witnessed an escalation of the boycott movement against Turkish products and services due to geopolitical tensions.
Vietnam’s Golden Visa program offers stability, convenience, and economic advantage, reasons why it has been a popular choice for Indians seeking to pursue international opportunities. The ongoing boycott of Turkey further channeling Indian interest to Vietnam only underlines the country’s attractiveness for professionals, business persons, and expatriates.
Vietnam’s Golden Visa scheme is meant to attract foreign investment and talent by providing renewable residence for ten years. The visa is made available to three broad categories: investors, professionals, and long-term residents.
Why Vietnam is Targeting Indian Applicants
India is increasingly becoming a big market for Vietnam, with bilateral trade relations strengthening and more Indian tourists and investors choosing to come or invest in Vietnam as a preferred option. Its business-friendly policies and evolving economy, It makes Vietnam an attractive spot for professionals and entrepreneurs.
Turky’s support to Pakistan in the recent strikes has made India to boycott Turkish services and products. Turkey’s sale of weapons and sending drones to Pakistan has deeply affected the relationships despite taking the help from India earlier. This leads to a consumer and economic boycott of Turkish products in India.
Indian traders are pulling Turkish products like coffee, chocolates, and apparel off their shelves.
Tourism revenues are affected as tour operators cease selling Turkish tickets.
Turkish airlines and airlines suffer operational hiccups in Indian markets.
Indian-Turkish institutional arrangements at the academic level are being restructured.
Vietnam vs. Turkey:
While Vietnam increases its economic and diplomatic partnership with India, the majority of Indian investors and tourists are diverting their interests from Turkey to Vietnam. Vietnam is turning into an exemplary place for professional development and long-term stay with stable policies, promising business opportunities, and a welcoming posture towards Indian applicants.
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