Investment migration firms have been keen to establish a presence in Vietnam. Why? Because of the growing demand for residency and citizenship programmes globally. We explored this further with Ms. Pham, CEO of Maple Leaf Vietnam, an investment migration consultancy.
A new era of globalization and prosperity has begun where the development of science and technology almost blur boundaries between countries. The rise of the immigration wave from Asia is becoming more evident than ever. However, to set foot in the most developed countries such as; Australia, the US, Canada, and Europe is relatively challenging for Vietnamese migrants. A migration trend has emerged among entrepreneurs and prosperous people in some Asian countries including Vietnam. This in turn has led to a boom in the number of investment migration consultancies that have been established in Vietnam to fulfill the market need.
Where have the Vietnamese been investing?
In recent years, the US, Australia, Canada, and Europe have witnessed a sharp rise in the number of immigrant investors from Vietnam. In fact it is estimated that the number of investment migrants has multiplied by 4 to 5 times over the past 20 years.
During the pandemic period, Ms. Pham, the CEO of Maple Leaf in Vietnam, informed CIVITAS POST that there was a surge in demand for investment migration solutions;
“Since migration is a long-term plan, many high-net-worth clients still come to Maple Leaf Vietnam for counsels on investment immigration amid the outbreak of Covid-19. I have just doubled staff to share the excessive workload. “
Ms. Tracy Pham – Maple Leaf Vietnam CEO
The Vietnamese people’s key motivations, apart from expanding their investment portfolio, are the desire to achieve a high quality of life, relocate abroad, have access to modern healthcare systems and most importantly access better education opportunities for their children.
Another critical benefit that investment migration provides is the ability to travel freely, both for business and pleasure. Ms. Pham used to live in Canada and would often note how her fellow Korean, Japanese and Singaporean friends could freely travel across the world. It made her interested in exploring immigration routes that would make travel easier for Vietnamese people. This in fact what led her to pursue a degree in immigration consultancy – Ms. Pham’s desire to assist her fellow citizens and guide them through safe and legal immigration programs.
She apprised us on what drives her most about supporting Vietnamese families in achieving their investment migration goals;
“Living, studying, and working in the US, Canada, Australia, and Europe will be a stepping stone for Vietnamese next generation to a brighter future. Then they will be able to contribute towards Vietnam’s progress.”
Ms. Tracy Pham – Maple Leaf Vietnam CEO
Read more: How Citizenship by Investment trends reflect global HNWI investment priorities
What Investment Migration programmes are the Vietnamese most interested in?
Though there are a myriad of reasons for seeking a second residency or passport abroad, each client’s particular circumstances vary, as well as key factors including; their net worth, family dependents, age, foreign language ability etc…
Ms Pham relayed to CIVITAS POST her experience serving an array of clients who achieved their “American Dream”, “Canadian Dream”, “Australian Dream” or “European Dream”. She highlighted that “the US or Canada would be an ideal destination for those investors who desire to give a better place to their families and world-class education to their children. Besides the EB-5 Visa program, obtaining Grenadian or Turkish citizenship is a pathway to the US under the fast-track E2 visa program. And those who want to build a diverse investment portfolio could take citizenship by investment programs in Malta, Cyprus, and Portugal into their consideration.”
In order to maximize the probability of their clients success, Maple Leaf seek counsel from an array of international immigration lawyers, investment funds, due diligence experts and advisers to overcome any potential difficulties in the application process. They also support throughout the whole process including the setup of a company if need be, acquiring real estate, investing in government bonds or funds as need be.
“Alone we can do so little; together we can do so much.”
Helen Keller – American author, political activist, and deaf-blind lecturer
This highlights how important it is for there to be collaboration between all professionals who serve HNWIs, from fiduciaries to investment migration lawyers, investment funds to wealth managers. An investment migration provider supported by top caliber professionals offers the best value to its end client, the investor, HNWI, the civitas.
