You want to retire in Vietnam by investing so that you can earn a passive income, but don’t know how to start. Unlike some other countries in the region, Vietnam does not have a retirement visa. But that does not mean that you cannot retire in Vietnam. In the absence of the retirement visa option, we have to look at the other side of the spectrum and find alternatives. And sometimes those alternatives may end up better than the original option you were looking for.
We will discuss how you can live long term in Vietnam and earn both passive and active income while sipping a cup of Vietnamese coffee and enjoying life in Vietnam! So, let’s get started!
Let’s talk about active income in Vietnam
When it comes to active income in Vietnam, it falls under two categories. Either you are an employee working for a company based in Vietnam and earning a salary, or you have your own business in Vietnam that generate revenues. In both cases, you will be legally required to get a work visa and work permit in order to maintain your immigration status in Vietnam legally.
For instance, Vietnam market is open for opportunities in different fields that require a set of skills in demand:
- Teaching English: Native English speakers can find employment in language schools, universities, or private tutoring, providing a stable source of active income. TEFL (Teaching English as a Foreign Language) certification and a Bachelor’s degree are the main requirements for teaching positions.
- Consulting and training: Expats with specialized knowledge or expertise can offer consulting services or conduct training workshops for local businesses and professionals. Fields like IT, finance, marketing, and management are particularly sought after in Vietnam.
- Freelancing: Vietnam offers a favorable environment for freelancers, with many opportunities in fields such as graphic design, programming, content writing, and digital marketing. If you open your own foreign-ownwed LLC in Vietnam, Platforms like Upwork and Freelancer connect freelancers with clients globally, enabling remote work arrangements.
Passive Income in Vietnam
After discussing active income, let’s explore the potential industries for investing in passive income opportunities in Vietnam to earn money. Check out this Youtube video as Attorney Ken Duong discuss in detail and provide his opinion on how you should invest in Vietnam.
Learn more about Business in Vietnam
We made many videos about doing Business in Vietnam, from retail market to real estate and even how to invest in Vietnam! Check out our YouTube channel for more Vietnam news. But if you want to apply for your investor visa, feel free to contact us.
