7 Key benefits of holding a temporary residence card (TRC) in Vietnam for foreigners

In recent years, Vietnam has become an attractive destination for many professionals, investors, and international workers. To make long-term living and working more convenient, the Temporary Residence Card (TRC) is considered a “golden ticket” that provides practical advantages far beyond a regular visa.

1. Longer validity than a visa

Unlike short-term visas, which are valid for only 1 - 12 months, a TRC usually lasts from 1 - 3 years, and for certain investment categories, up to 5 years. This helps foreigners save time, effort, and costs from frequent visa extensions.

2. Eligibility to obtain a driver’s license in Vietnam

TRC holders can convert their international driving licenses or apply for a new one in Vietnam, making personal transportation more convenient and legally compliant.

3. Ability to open bank accounts and credit cards

The TRC is one of the key requirements for opening bank accounts and applying for credit cards in Vietnam. This benefit makes it easier for foreigners to manage finances, receive salaries, and conduct international transactions.

4. Registration for electronic identification (VNeID)

With a TRC, foreigners can register for VNeID electronic identification, which allows easier access to administrative procedures, online public services, and digital transactions in Vietnam.

5. Advantage when applying for visas to third countries

TRC holders in Vietnam are often recognized as having stable residency status, which can make it easier to obtain visas for other countries such as Japan, South Korea, or Schengen states.

6. Ability to sponsor family members to Vietnam

The TRC also enables foreigners to sponsor their spouse and children to Vietnam through dependent visas or dependent TRCs, ensuring long-term family stability.

7. Enhanced credibility in business and transactions

Owning a TRC demonstrates solid legal standing in Vietnam, which boosts credibility when working with partners, government agencies, or banks especially in processes like setting up a company, signing contracts, or purchasing insurance.

How to apply for a TRC in Vietnam

Although the TRC offers many benefits, the application process can be complex, particularly in proving the purpose of residence, legalizing documents, and working with immigration authorities. To simplify the process, many foreigners choose to work with professional visa and TRC consulting services.

If you are seeking a safe and efficient solution to obtain a TRC in Vietnam, Zora Consulting is a trusted partner that will support you throughout the entire legal process.

See also: How to convert a tourist visa into a Temporary Residence Card after establishing a company?