Ho Chi Minh City Police Warns of Ghost Companies Issuing Fake Invoices

Key pointsHo Chi Minh City police announced that 326 ghost companies issued 178,357 fake value-added tax invoices. In this case, 12 individuals were arrested, and an additional 25 were newly indicted. The police strongly warned businesses to avoid purchasing or using fake invoices.
Business impactThis incident highlights the potential tax risks and legal liabilities businesses may face if they neglect to verify the legal status of their partners. Japanese companies need to ensure the reliability of their partners and strictly adhere to compliance regulations.

Key pointsHo Chi Minh City has announced a plan to invest 26 trillion VND for land compensation related to a new metro line connecting Tan Son Nhat International Airport and the Thu Duc area. This project is also aimed at facilitating connections to Long Thanh International Airport, serving as a crucial infrastructure development for regional economic growth.
Business impactThis project will impact the construction industry and real estate market, prompting related companies to monitor developments and reassess their investment strategies.

Key pointsBilateral trade is expected to exceed $21.5 billion by 2025, making Malaysia one of Vietnam's key investors. Malaysian companies are exploring opportunities to expand investments, manufacturing, and supply chain connections in Vietnam.
Business impactJapanese companies should monitor these developments and assess their potential impact on related transactions, contracts, and local operations.

Key pointsHo Chi Minh City has risen 17 places in the Global Financial Center Ranking, now positioned at 67th. This assessment, conducted by Z/Yen Partners and the China Development Research Institute, shows Ho Chi Minh City's score at 692 points, reflecting a growth of 4.1% above the Asia-Pacific average. Additionally, Da Nang City has made its debut in the ranking at 71st place. Ho Chi Minh City has also improved its position in the fintech sector, climbing 12 places to 71st.
Business impactThis rise in ranking indicates that Ho Chi Minh City is taking significant steps towards the development of its financial market, suggesting increased investment opportunities and business expansion potential for Japanese companies. Businesses involved in financial services should closely monitor the growth of Ho Chi Minh City.

Key pointsIn the first nine months of 2026, Ho Chi Minh City attracted over $4.2 billion in foreign direct investment (FDI), a 62% increase compared to the same period last year. There is a notable shortage of talent in the fields of AI, semiconductors, and automation, with companies seeking skilled professionals in these areas. Investors are increasingly focused on securing talented engineers and managers over land and factory costs. This is expected to lead to an influx of international talent.
Business impactJapanese companies need to advocate for streamlined labor permit and visa processes to secure talent in Ho Chi Minh City. Additionally, talent strategies that consider family living conditions are crucial, particularly regarding the quality of education, healthcare, and housing.

Key pointsOn September 30, 2026, Meta launched an online training program for young entrepreneurs to utilize digital technology and AI. This program teaches businesses how to leverage digital tools to enhance customer connections and improve productivity.
Business impactThis program will serve as a crucial resource for Japanese companies advancing their digitalization efforts. In particular, the use of AI in marketing and customer management will be key to enhancing competitiveness.

Key pointsOn September 30, 2026, a seminar titled 'Improving Energy Efficiency in Industry' was held in Tay Ninh Province, discussing specific policies and practices to enhance energy efficiency in Vietnamese enterprises as part of the country's energy efficiency improvement program. This is expected to help companies aim for sustainable growth.
Business impactJapanese companies can reduce costs and enhance competitiveness by understanding the policies aimed at improving energy efficiency and implementing appropriate measures.

Key pointsStarting from October 1, 2026, the Trivinh-Zunquott intersection on the Da Nang-Quang Ngai Expressway will be open to traffic, and toll collection will begin. This information comes from an urgent notice by the Vietnam Expressway Investment Development Corporation (VEC).
Business impactThe opening of this new toll station will require logistics providers and transport companies to consider toll fees in their operational planning, particularly necessitating a review of cost management and scheduling.

Key pointsLe Thai Sam has returned as the chairman of Bamboo Airways. He has been involved with the company since 2022, serving as chairman from July 2023 to February 2024, and has now resumed the role in August 2025 after transferring management rights to FLC Group a few months later. Currently, he faces tax arrears, which have temporarily restricted his ability to leave the country. Bamboo Airways has experienced eight changes in chairmanship since 2022.
Business impactThis appointment is seen as a crucial step towards stabilizing Bamboo Airways' management; however, ongoing tax issues may impact future operations. Japanese companies should monitor trends in the aviation industry and assess related risks.

Key pointsThe Ain Hoi limestone quarry in Quang Ngai Province has resumed operations with administrative approval, supplying 375,000 cubic meters of stone annually. This stone is intended for use in 21 socio-economic development projects, specifically for transportation infrastructure and public works, addressing local construction needs.
Business impactJapanese companies can benefit from a stable supply of materials for projects in Quang Ngai Province, facilitating smoother construction progress, particularly in the construction sector, which should reassess plans based on this information.

Key pointsOn September 30, 2026, Vietnam's shipping industry will celebrate the 30th anniversary of HD Hyundai Vietnam (HVS), a joint venture between HD Hyundai and SBIC. Since 2008, HVS has shifted to building new ships and currently accounts for about 80% of domestic ship deliveries. HVS has delivered 207 ships, establishing its position in the international shipping market. Furthermore, HVS aims for sustainable growth with a 20-year investment extension.
Business impactFor Japanese companies, HVS's success is a significant indicator of the development of Vietnam's shipping industry. It is beneficial to reference HVS's model when considering shipping-related investments or technological partnerships.

Key pointsOn September 30, 2026, the Ho Chi Minh City Trade and Investment Promotion Center (ITPC) held a seminar on "Export Potential and Solutions for Market Expansion to Australia" in collaboration with the Australian Consulate and the Vietnam-Australia Business Association (AusCham). The seminar discussed challenges related to the export of Vietnamese grapefruit to Australia and proposed participation in the 2026 Australian International Food and Beverage Exhibition. This is expected to expand opportunities for Vietnamese agricultural products and food in the international market.
Business impactFor Japanese companies, strengthening access to the Australian market is crucial for export strategies in agricultural products and food. There is a need to revise product development and marketing strategies to meet Australian consumer demands.