Special Interview with
Cam Ly Duong
by EB5 Investors Magazine Staff
Vietnam is emerging as one of the fastest-growing EB-5 markets in the world, and immigration agencies are
starting to work with more and more investors looking to immigrate to the United States.
Cam Ly Duong, one of the most successful migration agents in Vietnam and CEO of agency ImmiCa Investment Immigration, spoke with EB-5 Investors Magazine about how the Vietnamese immigration industry works,
and how it may differ from the more-familiar Chinese market for professionals in the United States.
EB5 Investors Magazine: What motivated you to enter
into this industry?
Cam Ly:This is a rather new market in Vietnam but EB-5 is a
perfect door opening to successful investors who wish to expand
internationally. For me, I feel like I am a very lucky person who
has achieved a lot in my own life. That is the reason why I want
to give back to society, by helping the other people so that they
can have goodness in their lives too, and so that they can provide
their family with a good environment for living and working.
EB5 Investors Magazine: How does starting up a
migration agency work in Vietnam? Is there a license for
immigration services?
Cam Ly: TYes, we have all the required licenses for doing
business in Vietnam and, of course, all of the people who are
providing immigration services need licenses.
EB5 Investors Magazine: Our readers might wonder
how the Vietnamese market compares to the Chinese
system, where migration agents are commonly licensed
and licensing can be divided by city or region. What
does licensing look like for the Vietnamese immigration
market?
Cam Ly: Yes, it’s the same for the Vietnamese market. For
example, they have a required license for each region, in markets
like Ho Chi Minh City, Hanoi, and Da Nang.
EB5 Investors Magazine: Which are the first and second
most popular immigration destinations for your clients?
Cam Ly: Currently, we’re providing immigration services for
clients who want to move to the United States, to Canada, and to
Europe. The program that is always the most popular is the U.S.
immigration program.
EB5 Invest ors Magazine: Are there any major concerns
your clients express about EB-5? If so, what is their
main concern?
Cam Ly: Usually the clients have two main concerns.
They want to find and invest in a good and sustainable EB-5
program, and they want to invest in a sustainable project that
to make sure they will get their green cards and have their
money returned.
EB5 Investors Magazine: What do you feel is the
biggest obstacle for the expansion of EB-5 in Vietnam?
For example, would it be the competition from other
countries, or government regulations?
Cam Ly: One of the obstacles is showing the source of
funds and the path of funds, because in developing countries
financial documents are not as clear, nor as transparent as they
are required to be to participate in the EB-5 program. So it’s a
little bit complicated.
EB5 Investors Magazine: For the source of funds and
path of funds, is that a major challenge for potential
EB-5 investors or is it something that you all can
normally find a solution to?
Cam Ly: Most of the time we are able to recommend ways
and methods for clients to show the path of funds. Usually
it depends on their financial capability. In some cases, if they
have a well-paid job or valuable property, it becomes a faster
and much easier process. In other cases, it will be slower. The
second obstacle is that EB-5 is generally new to the Vietnam
market, so it’s a real challenge to educate clients about the
EB-5 program, that it’s a valid program, and that it’s trusted by
a lot of investors.
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