Lengthy visa process a setback for FDI firms

The Moc Bai Border Gate. Director of Hana Company said many Korean investors had to move to the border gate to get their visas extended.- VNA/VNS

HANOI (Vietnam News/Asia News Network): A cumbersome visa process is holding back projects funded by foreign direct investment (FDI), according to insiders.

Nguyen Xuan Thang, Chairman of Schaeffler Vietnam, said his company needed foreign specialists to run production lines and offer technical support. For their stay of more than 30 days, the company had to dispatch its employees to HCM City to fill in some forms at the Vietnam Immigration Department (VID).