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Vietnam ranks the Top 5 countries with business and investment visa applications in Australia

Vietnam ranks the Top 5 countries with business and investment visa applications in Australia

A number of visa applications

For the past five years, Vietnam have always ranked the top 5 countries which have the highest number of Australian visa applications according to statistics from the Department of Immigration (headed by China)
As can be seen that there is a significant difference between the number of total application applied in subclass 132 compared to that in subclass188. Furthermore, in each subclass, the quantity of applications also vary greatly according to streams (132A- 132B; 188A-188B-188C).

   Chart 1: The number of visa applications from Vietnam among the years and between subclass 132 and subclass 188

Among business or investment visa applications from Vietnam to Australia, the number of applications in subclass 188 is always much higher than the subclass 132. In particular, in 2016-2017, according to the latest report, the number of applications for subclass 188 is nearly seven times bigger than that of subclass 132 (164 and less than 24 respectively). Similarly, in the fiscal year 2015-2016, this percentage is also 1:10 with the majority favoring 188 visa applications.
To be more detailed, in the Business Innovation and Investment visa subclass 188, the Business Innovation stream (188A) is the most attractive stream to the Vietnamese candidates. The number of visa applications in this stream completely overwhelms the remaining streams (188B- Investors stream and 188C-Significant Investor stream) and tends to increase over the years.

 

         Chart 2: The number of applications from Vietnam in different streams in subclass 188 over the years
Starting from 9 visa applications in 2012-2013, the number of applications submitted in 188A stream gradually grows to 83 applications in 2016-2017.
Besides, the Investor stream (188B: investing AU$1.5 million into the Australian state or territory) also attracts the attention of Vietnamese candidates with just under 5 applications in 2012-13 rising to 76 applications in 2016-2017.
However, Vietnamese investors seem to be more selective when choosing the Significant Investor stream (188C: investing AU$5 million into the Australian government's designated categories). The figure of Vietnamese applications in this stream in each year is genarally under 5 applications while that of China reaches 1,393 applications in 2014-15.
For the subclass 132, the number of applications for Entrepreneur with Significant Business History stream (subclass 132A) witnesses a gradual growth over the 5- year- period reaching 19 applications in 2016 -2017. In contrast, the number of applications for Venture Capital Entrepreneur stream (subclass 132B) is very modest with fewer 5 applications within 5 years.

The rate of granted visa in each subclass
Note: Due to the lengthy review process, not all applications applied in one year are granted in the same year.


Although in Vietnam, the subclass 188 represents an overwhelming number of application, the subclass 132 has a significantly granted rate. In fact, no application of the subclass 132 from Vietnam is rejected within five years. It means that the proportion of Vietnam's business applications granted over the number of applications reviewed each year is 100%. For the subclass 188, the percentage of granted applications over the number of applications reviewed for Vienamese investors has increased significantly in the past five years, as shown clearly in the chart below.

Chart 4: The number of visa granted compared to the total number of applications reviewed in each stream of the subclass 188 from Vietnam to Australia in 2012-2017.

 


The rate of granted visa from state each state
The Australian Department of Immigration's statistics summarizing Australia's state and territory data about the total number of visa granted for subclass 132 or 188 for all submissons from countries worldwide, shows a remarkable distribution between states and territories.
Since 2012, Western Australia (WA) and South Australia (SA) have the highest number of visa applications for the subclass 132 with an increasing trend over time followed by Victoria state. On the other hand, New South Wales and Queensland have a relatively comparable number of visa applications, approximately 1 / 9- 1 / 8 compared to one in  Western Australia (for the whole period from 2012 to 2017).

Chart 5: The rate of application granted in each state and territory compared to all Australian granted applications in 2017, subclass 132

For the subclass 188, Victoria has the highest number of applications for all three streams each year. In 2017, the granted number in Victoria is  nearly 1,300 which is five times higher than one in New South Wales ( ranking the 2nd ). In the meanwhile, Tasmania and Canberra are bottom of the list with under 5 visas granted for all three streams in each year.

Chart 6: The rate of application granted in each state and territory compared to all Australian granted applications in 2017, subclass 188


There is a notable difference in the number of visa applications as well as the granted rate of application due to the specific requirements and regulations for visa applications of each state. As a result, applicants wishing to apply under these streams and subclasses need to thoroughly understand the conditions and criteria of each visa as well as choose a reliable migration agent to ensure that their applications are well- prepared and have the highest successful rate.