Vietnam's socioeconomic status influence on the passport power

  • Pham Phương Anh Nguyen Ngo Quyen high School
  • Minh Trang Nguyen Diplomatic Academy of Vietnam
  • Truc Chi Tran Soongsil University
Keywords: Vietnam, socioeconomic, passport power

Abstract

Passports are indeed becoming increasingly important in our interconnected world. As the world becomes more interconnected through trade, travel, and digital communication, the need for international travel has grown. Passports are essential for individuals to move across borders, whether for tourism, business, or personal reasons. International education and employment opportunities have become more accessible and desirable. Students and professionals often need passports to study or work abroad. Countries with stable political and economic conditions tend to have passports that grant their citizens greater visa-free access to other nations. As a result, passport strength can be a reflection of a country's overall stability and standing in the world. Many countries enter into bilateral or multilateral agreements to allow visa-free travel between their citizens. A strong passport, with visa-free access to many countries, can simplify travel and reduce costs and administrative burdens. Indeed, a country's socioeconomic status can have a significant impact on its passport power. The socioeconomic factors of a nation, such as its economic strength, political stability, and human development indicators, often correlate with the global acceptance and strength of its passport.  While socioeconomic factors are important, it's essential to remember that passport power is a complex interplay of various elements, including diplomatic relations, international agreements, and economic strength. Therefore, while socioeconomic status is a crucial element, it is just one piece of the puzzle in determining a passport's global influence.

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Published
2023-10-23
How to Cite
Nguyen, P. P. A., Nguyen, M. T., & Tran, T. C. (2023). Vietnam’s socioeconomic status influence on the passport power. GPH-International Journal of Business Management, 6(10), 234-251. https://doi.org/10.5281/zenodo.10033567