It is now two years since the new investment framework was introduced to the Significant Investor Visa (SIV) program. At the time, it was flagged that the mandated venture capital component may be doubled to $1M or 20% of the $5M complying investment. Austrade recently called on the industry to submit comments for review.
At the recent BasisPoint Significant Investor Visa (SIV) conference, following the keynote address by the assistant immigration minister The Hon Alex Hawke MP, there were lots of questions from the more than 200 industry participants in attendance.
SIV is one of the streams within the Business and Innovation program and more than 1,700 visas have been granted since commencement in 2012 generating $8.7B in complying investments, with 88.4% of applicants from China. In July 2015 there was a change to the complying investments framework to more active assets to contribute to Australia’s economic growth. Continue reading More changes likely to Significant Investor Visa Program
With so much going on in the world, lifestyle destinations such as Australia and New Zealand are benefiting from investor migration. Whilst in both countries the majority have been from China, enquiries are increasing from other Asians countries as well as UK, US and South Africa.
The NSW Department of Industry earlier this year held the second roadshow to in China and Malaysia promoting the business, investment and lifestyle benefits offered by NSW. The next leg is to Vietnam in June, before completing the roadshow in Hong Kong.
The objective is to increase awareness of the state’s welcoming business environment to Asian key migration industry stakeholders and business, entrepreneur and investor migrants, and present on the NSW business and investor migration program including the Significant Investor Visa (SIV).
The NSW Australia Vietnam Business Council (AVBC) and Vietnam Sydney Business Association (VSBA) are running a conference and trade expo focused on business matching, bilateral trade and investment opportunities and will include a presentation by the NSW government.
Conference on Australia-Vietnam Investment & Trade Expo
The conference, expo and a range of private events will be held from Friday evening in Ho Chi Minh until Monday in Hanoi. There are currently around 30 Australian businesses exhibiting including migration, financial services, real estate, education, agriculture and other products and services.
There are still expo booths available. and information on the sponsorship packages can be downloaded at: AVBC Roadshow.
Media Partner is AV Media providing promotion ahead of and throughout the event.
Ho Chi Minh City
Accommodation: Liberty Central City Point, 59 Pasteur, Ben Nghe Ward, District 1 Ho Chi Minh Vietnam
Friday 9th June
- 7.00 pm: Welcome Dinner at Ly Club Saigon for AVBC delegates (excludes drinks)
Saturday 10th June
7.00 am – check-out and transfer to Conference at Rex Hotel, Nguyen Hue St, Ben Nghe, I District, Ho Chi Minh
- 8.00 am to 10.00 am: AVBC Program – product and services displays and short presentations by AVBC and sponsors
- 10.00 am to 12.00 pm: NSW Government Program – seminar with NSW Trade, Apex Migration, Fund Managers and Education
- 12.30 pm: Lunch for delegation at local restaurant
1.30 pm: transfer to Saigon (HCM) airport for flight to Hanoi for 3.30 pm flight to Hanoi arriving 5.40 pm
Accommodation: Pan Pacific Hotel, 1 Thanh Nien Road Ba Dinh District 10000 Hanoi
- 7.30 pm: Dinner at Pan Pacific Hotel, Hanoi
Sunday 11th June
9 am: transfer from Pan Pacific Hotel to Prime Ministers Office
- 10.00 am to 11.00 am: visit Vietnam’s Prime Minister Office with Australia Ambassador (VIP delegation package)
11 am: transfer to National Convention Centre
- 2.00 pm to 5.00 pm: AVBC Show – Australia Vietnam Investment and Trade Expo
Companies of various industries from fields of investment, real estate, education, farming, technology, etc., coming from Australia and Vietnam, will have stands, to show their products/services (marketing materials, business cards available to exchange)
Vietnam: Projects calling for foreign investment from both cities HoChiMinh and Hanoi are presented on stands.
Australia: Investment opportunities in NSW are available – products, technology, know-how and service are shown to the visitors.
- 2.30 pm to 3.00 pm: Meeting Mr Hung – Vietnamese Olympic Rowing team travelling to Australia in Sept 2017
- 5.00 pm to 7.00 pm: NSW Government Program – Seminar with NSW Trade, Fund Managers, Migration and Education
- 7.00 pm to 8.30 pm: Dinner with Prime Minister of Vietnam (VIP Delegates – includes speeches from Diamond, Platinum, Gold and Silver sponsors)
8.45 pm: Transfer from Convention back to Pan Pacific Hotel
Monday 12th June
9.30 am – depart for morning meetings
- 10.00 am to 11.00 am: Meeting Minister for Science & Technology
- 11.30 am: Lunch at local restaurant
- Handicraft Village Association and Vietnam Industrial Park
1.50 pm: transfer to airport for those delegates departing
- 5.00 pm to 7.00 pm: Networking Event hosted by VSBA at Villa Convention Centre
Costs for AVBC’s Mission
Delegate and Sponsor packages for the mission are summarised as follows:
- Australian delegate – including flights ex-Sydney and accommodation 1 night in HCM & 2 nights Hanoi – $3,000
- Local delegate (excludes flights and accommodation) – $1,000
Accommodation in Ho Chi Minh is $160 pn and Hanoi $120 pn
- Silver to Diamond range from $18,000 to $40,000 depending on size & location of prominent expo booth, including speaking spot at VIP dinner, translator, marketing and media and AVBC membership
- Standard and premium are $3,000 and $8,500 for expo stand and some marketing and media. Both packages include accommodation.
Stacey Martin is the founder of Expat Advisors Community, a network for professionals with internationally connected clients. With a background in financial services, today Stacey consults in investor migration managing relationships between Asia, in particular, China, Vietnam and India and Australia and New Zealand. For more information contact Stacey here.