Vingroup Dismisses Mai Hương Nội as Vice President

Key pointsVingroup announced the dismissal of Mai Hương Nội from her position as Vice President, effective September 9, 2026, due to personal reasons. She has held this role for 14 years and has been with the company since 2006, contributing for 20 years.
Business impactChanges in Vingroup's management may impact the company's strategies and policies, prompting Japanese companies to monitor future developments and reassess partnerships and business relationships.

Key pointsThe rapid rise of the yen is shaking the global 'yen carry trade'. This has raised concerns about its impact on the Vietnamese economy and stock market, leading to increased caution among investors. Market strategists warn that if the yen continues to strengthen, capital flight may accelerate, particularly affecting foreign investment flows into the Vietnamese stock market.
Business impactFor Japanese companies, a stronger yen directly affects local investment costs and the yen-denominated profit amounts. In the manufacturing sector, it is necessary to reassess the timing of material procurement and capital investment, requiring careful evaluation of impacts across various departments.

Key pointsHo Chi Minh City plans to issue urban bonds to finance metro and super infrastructure projects. A meeting held on September 9 discussed establishing a legal framework for bond issuance under the Urban Development Law, which is expected to provide funding for urban development, logistics infrastructure, and energy sector projects.
Business impactFor Japanese companies, increased investment opportunities in Ho Chi Minh City's infrastructure projects can lead to business expansion. Companies considering entry into public works should gather information promptly.

Key pointsHo Chi Minh City has attracted a logistics project worth approximately ¥1 trillion ($980 million) following discussions with TikTok. The 'Swift Logistics' project, implemented by Tokgistic Pte. Ltd., is scheduled to commence operations in November 2026, focusing on areas such as mail, delivery, and marketing research. This project is positioned as part of TikTok's international business expansion.
Business impactFor Japanese companies, the enhancement of logistics infrastructure in Ho Chi Minh City presents opportunities to improve product distribution efficiency. As digital commerce expands, the quality of logistics services directly impacts competitiveness, necessitating close attention.

Key pointsPrudential Vietnam announced that its after-tax profit for the first half of 2026 reached 23.47 trillion VND (approximately 2.34 billion USD), a 3.5-fold increase compared to the previous year, despite a 14% decrease in net income from its insurance business to 82.19 trillion VND (approximately 8.2 billion USD). This growth is attributed to increased sales of insurance products and improved cost management.
Business impactThis result indicates intensified competition within the insurance industry, prompting Japanese companies to reconsider their insurance products and services. There will be a particular need to strengthen cost management and sales strategies.

Key pointsOn September 8, 2026, during President Vo Van Thuong's visit to Russia, Vietnam's Minister of Finance Ho Duc Phoc held a bilateral meeting with Russian Finance Minister Anton Siluanov to discuss strengthening economic cooperation. Trade between the two countries increased by 12% year-on-year, with investment, taxation, and customs identified as future cooperation areas.
Business impactJapanese companies should monitor this development and assess its impact on related transactions, contracts, and local operations.

Key pointsThe upgrade of Vietnam to the secondary emerging market by FTSE Russell could lead to passive investment inflows reaching up to $4.45 billion. This influx is expected to significantly alter Vietnam's position in the capital markets.
Business impactFor Japanese companies, the increasing openness of the capital market may improve the fundraising environment and expand options for capital utilization through the stock market. In particular, there may be enhanced access routes via FTSE-related investment trusts.

Key pointsCurrently, Vietnam's industrial real estate is experiencing increased growth opportunities due to regulatory reforms and improvements in the investment environment. In particular, the industrial real estate in the southern region maintains a stable foundation, with growth potential expected from 2026 to 2028.
Business impactJapanese companies should closely monitor trends in Vietnam's industrial real estate market and identify investment opportunities. There should be an increased focus on new projects in the southern region.

Key pointsOn September 9, 2023, the Ho Chi Minh City Power Corporation (EVNHCMC) held a meeting based on new government regulations regarding solar power. As a result, the city has advanced the installation of self-consumption solar power systems, with a total of 6,241 systems installed, reaching a total output of 472 MWp. The new regulations increase the sale of surplus electricity from 20% to 50%, which is expected to enhance investment willingness among businesses and households. Additionally, new concepts regarding voltage levels for power connections have been introduced, establishing regulations that align with actual operations, allowing businesses to utilize electricity more flexibly.
Business impactFor Japanese companies, the implementation of solar power systems in Ho Chi Minh City could contribute to reducing energy costs and achieving sustainable management. Particularly in manufacturing and service industries, increased self-sufficiency in electricity is expected to stabilize operating costs. It is important to review investment plans in light of the new regulations.

Key pointsThe Vietnam Competition Authority is hosting a contest called 'Student Information 2026' for students to identify unlawful multi-level marketing practices. This initiative aims to provide students with legal knowledge and identification skills to protect against fraudulent activities.
Business impactJapanese companies have an opportunity to enhance legal compliance and increase brand credibility through educational programs targeting students.

Key pointsIn the first half of 2026, Vietnam's F&B industry generated 432.7 trillion VND, marking a 6.55% increase compared to the same period last year. This indicates the industry's stability, with many companies planning new store openings. Notably, Highlands Coffee achieved 1,000 stores in June. As market recovery is anticipated, companies are strengthening their expansion strategies.
Business impactJapanese companies need to reassess their store openings and marketing strategies in light of the F&B market's growth. Particularly, product development that aligns with consumer trends is essential.

Key pointsQCG has not disclosed its relationship with C-Holdings in its reports, raising concerns. C-Holdings was founded by QCG's CEO Nguyen Quoc Quan, yet its name is absent from QCG's audit report, questioning transparency in accounting standards. QCG is currently facing legal issues that impact its debt repayment, while C-Holdings is experiencing steady growth.
Business impactThis issue highlights the importance of compliance with accounting standards for Japanese companies. Proper disclosure of information is crucial for maintaining credibility, especially regarding transactions and transparency with affiliated companies.