May 2018 EB-5 Visa Bulletin And The Vietnam Retrogression

[dropcap]Does[/dropcap] the May 2018 EB-5 visa bulletin reveal a Vietnam retrogression? The May 2018 EB-5 visa bulletin has been released by the Department of State and it is has revealed that the priority date for Vietnamese nationals for the EB-5 Regional Center Program has become subject to retrogression.

KAPIN PLLC EB-5 immigration attorneysIn a previous article from April 10th, EB-5 Daily reported that the U.S. Department of State Immigrant Visa Control and Reporting Division Chief, Charlie Oppenheim, made a prediction that Vietnam would see a retrogression by September of this year. The news that the retrogression is hitting in May, may have Vietnamese applicants scrambling to file.

Like applicants from Mainland China, now only Vietnamese investors who filed before July 22, 2014, will be eligible to proceed in the process and obtain an EB-5 visa. Approved EB-5 applicants from Vietnam are therefore urged to file their immigrant visa and adjustment of status applications before May 1, 2018.

To see the May 2018 Visa Bulletin, visit the Department of State website here. 

Final action dates for investors from all other countries remains current.

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