Growth of Businesses and Entrepreneurs in Vietnam

Key pointsIn Vietnam, the economy is expanding, and the number of businesses is increasing. By September 2026, an additional 16,800 companies are expected to be established, marking an approximately 50% increase compared to the same period last year. This is accelerating Vietnam's economic growth.
Business impactJapanese companies should closely monitor this trend and assess its impact on related transactions, contracts, and local operations.

Key pointsForeign direct investment (FDI) in Vietnam has increased by over 76% in the first nine months of 2026, and the demand for leasing industrial land is recovering. However, many industrial park owners report a 40% decrease in profits due to rising development costs of new industrial parks.
Business impactJapanese companies need to seize market opportunities arising from the increase in FDI while paying attention to cost management and maintaining profit margins.

Key pointsOn October 8, 2026, the credit rating agency R&I upgraded Vietnam's foreign currency issuer rating from BB+ to BBB-, marking its first recognition as an investment grade. This upgrade reflects evaluations of Vietnam's economic growth foundation, structural reform outlook, fiscal space, and resilience to external shocks. R&I anticipates that Vietnam's growth will be sustainable and that government reforms will enhance the economy's growth potential.
Business impactThis upgrade will boost foreign investor confidence and serve as a catalyst for Japanese companies to invest in the Vietnamese market. It is particularly positive news for companies considering fundraising and launching new projects.

Key pointsVingroup has signed a contract with the global rail technology group Alstom to supply 200 Metropolis trains for the Hanoi urban railway project. Under this contract, Alstom will transfer technology, and Vingroup will handle production and assembly in Vietnam. The first 83 trains will be manufactured in Valenciennes Petite-Foreet, France, while the remaining units are planned to be produced in Vietnam. This project will serve as a crucial foundation for Hanoi's public transportation system.
Business impactJapanese companies should closely monitor this development and assess its impact on related transactions, contracts, and local operations.

Key pointsIn Ho Chi Minh City, exports increased by 7.82% over eight months in 2026, but logistics costs and international standards are putting additional pressure on businesses. According to the city's Department of Industry and Trade, the total import-export value reached $138 billion, marking a 9.9% increase year-on-year. However, high logistics costs and new regulations are noted to be diminishing the competitiveness of companies, particularly small and medium-sized enterprises that struggle to adapt due to limited resources.
Business impactJapanese companies need to pay attention to changes in logistics costs and regulations in Ho Chi Minh City and reassess their strategies for cost reduction and efficiency, with a particular emphasis on optimizing supply chains.

Key pointsOn September 15, 2026, a workshop on technological collaboration involving Vietnamese and South Korean companies was held in Ho Chi Minh City. Companies proposed specific solutions and sought answers tailored to actual needs, particularly focusing on environmental issues and new business models utilizing agricultural waste.
Business impactSuch technological collaboration presents new business opportunities for Japanese companies. Developing environmentally friendly products and services will enhance competitiveness in future markets.

Key pointsVietnam's port system continues to rise in international rankings, with Ho Chi Minh City's port ranked 22nd, Hai Phong port 26th, and Cai Mep port 31st. This establishes Vietnam as a hub for international cargo transport. Notably, Cai Mep port has enhanced its deep-water port capabilities and opened direct international shipping routes, contributing to reduced logistics costs and shorter transport times.
Business impactJapanese companies should monitor this trend and assess its impact on related transactions, contracts, and local operations.

Key pointsDan Thanh Tam proposes an AI data center project with an expected investment of $3.5 trillion, scheduled to commence in Q4 2026. The project aims to establish a data center with 200MW of IT capacity on a 20-hectare site, targeting international clients. Tam describes the AI data center as an 'AI factory' aimed at enhancing the quality of the Vietnamese economy.
Business impactThis project could strengthen IT infrastructure and promote international investment, providing new business opportunities for Japanese companies, particularly in the IT sector.

Key pointsVietnam is entering the advanced technology supply chain, with key factors for progress being policy implementation, talent development, digitalization, and environmental considerations. Japan's Misumi has announced an investment of approximately 4.6 billion yen (about 30 million USD) to triple its production capacity for automatic positioning stages. Qualcomm and Samsung Electronics have also expressed intentions to strengthen their research and development in Vietnam. In the recent Asia Manufacturing Index (AMI 2026), Vietnam ranked third as a competitive manufacturing economy. As international recognition increases, Vietnam is enhancing the value of its manufacturing sector.
Business impactFor Japanese companies, entering Vietnam's technology supply chain presents new business opportunities. Particularly as investments in AI and electronics grow, relevant sectors need to monitor market trends and establish appropriate partnerships.

Key pointsIn HCMC, many infrastructure projects have commenced simultaneously in line with the National Day, leading to expected improvements in transportation. Notably, the expansion of National Route 13 has begun, with a 60-meter wide road expected to be completed by 2029. This movement is revitalizing the real estate market, causing prices to surge by 20-25% compared to a few years ago, with properties near the city center anticipated to increase by 60-80%.
Business impactThis infrastructure development may create new business opportunities for Japanese companies. Real estate-related businesses, in particular, need to reassess their investment strategies in light of rising prices. Additionally, improved transportation will enhance logistics and commuting efficiency, positively impacting business operations.

Key pointsThe Vietnamese government has announced Resolution 255/NQ-CP regarding the emergency construction of the Metro Ben Thanh - Suoi Tien extension project. This project aims to connect the administrative center of Dong Nai Province with Long Thanh International Airport, enhancing public transportation convenience. Dong Nai Province is responsible for overseeing the project's implementation and ensuring appropriate compensation and transparency in accordance with regulations.
Business impactJapanese companies should monitor this development and assess its impact on related transactions, contracts, and local operations.

Key pointsOn August 21, 2026, a forum on 'Smart Port City Development' was held in Tan Phuoc, Ho Chi Minh City, gathering experts. Tan Phuoc is considered a crucial connection point in the economic corridor, featuring a deep-water port and a free trade zone. The city plans to enhance its digital infrastructure and establish a smart operations center to improve the investment environment. This aims to strengthen its role as a regional logistics center and become a core of new growth.
Business impactJapanese companies have the opportunity to participate in the smart city development in Tan Phuoc, improving efficiency in logistics and manufacturing. In particular, involvement in the development of digital infrastructure is expected to enhance competitiveness.