Trends in Vietnamese Government Bonds Amid Global Selling Pressure

Key pointsVietnamese government bonds have shown relatively stable movements amid global selling pressure. Notably, the yields on 2-year and 10-year government bonds have decreased to 3.87% and 4.43%, respectively. This contrasts with the yields on government bonds in Japan and Western countries, which have reached their highest levels in decades. Specifically, Japan's 10-year government bond yield has hit 3%, the highest since 1996. The yields on Vietnamese government bonds remain lower than historical levels, reflecting a stable fiscal situation.
Business impactFor Japanese companies, the stability of the Vietnamese government bond market is a crucial factor in financing and investment strategies. Companies considering long-term investments need to closely monitor the trends in Vietnamese government bond yields and manage risks accordingly.

Key pointsThe State Bank of Vietnam has proposed raising the loan limit that banks can offer to customers for significant large-scale projects in Hanoi to 52%, up from the current 21%. This substantial increase aims to facilitate the funding necessary for project implementation, with new regulations applying to projects meeting specific conditions and a streamlined review process in place.
Business impactThis change may expand investment opportunities for Japanese companies in large-scale projects in Hanoi. In particular, the increased flexibility in financing is expected to accelerate project execution.

Key pointsAs of August 28, 2026, Vingroup's (VIC) market capitalization reached approximately 1,830 trillion dong, marking an increase of about 525 trillion dong (around 20 billion USD) since the beginning of the year. This increase surpasses the current market capitalization of Vietcombank, positioning Vingroup as the third-largest entity if considered independently. Vingroup aims for revenues of approximately 331,800 trillion dong in 2025 and 485,000 trillion dong in 2026.
Business impactVingroup's growth is a significant indicator for related companies and investors. In particular, Japanese companies need to explore new business opportunities through transactions and partnerships with Vingroup.

Key pointsThung Nguyen Legend is celebrating its 30th anniversary and accelerating its store expansion in the U.S. and China. By August 2026, it plans to open two new stores in Frisco and Garland, Texas, bringing its total in the U.S. to 20. Additionally, it will establish three new stores in China, reaching over 30 locations in total. This aims to promote Vietnamese coffee culture internationally, with CNN recognizing its E-Coffee as part of a strategy to spread Vietnamese coffee culture worldwide. Furthermore, in July 2026, it was selected as one of the 'Top 10 Trusted Brands in Asia' at the Vietnam-Asia Economic Cooperation Forum.
Business impactThis movement presents significant opportunities for Vietnam's coffee industry. Japanese companies should take inspiration from Thung Nguyen Legend's success and reconsider strategies for promoting Vietnamese culture and products in international markets. Emphasizing cultural elements in marketing and branding strategies will be particularly important.

Key pointsSamsung's four factories in Vietnam reported a profit of $2.31 billion in the first half of 2026, marking a 23.5% increase. Total sales reached approximately $35.2 billion, a 21% increase year-on-year. Notably, the Samsung Thai Nguyen factory accounted for about 46% of the total profit, driven by strong demand for new products, particularly the Galaxy Fold 8.
Business impactJapanese companies should reassess their electronics-related supply chains and partnerships in light of Samsung's growth, with a particular focus on ensuring the stability of component supplies.

Key pointsSamsung's factory in Vietnam achieved a revenue of $17.3 billion in Q2 2026, marking an increase of approximately $2.9 billion compared to the same period last year. However, profits decreased by 17%, with the profit margin at the Thai Nguyen factory dropping from 9.1% to 4.8%. This indicates that Samsung is facing challenging conditions in Vietnam.
Business impactFor Japanese companies, Samsung's profit decline may impact supply chain stability and business relationships. Companies involved in electronics should closely monitor Samsung's developments and strengthen risk management strategies.

Key pointsIn the Vietnamese stock market, individual investors sold a net 2,006.5 billion VND (approximately 12.16 million USD) before the holidays, contributing to a total net sell-off of 3,600 billion VND (approximately 21.8 million USD). This trend is seen as a position adjustment ahead of the holiday, particularly marked by significant selling from individual investors. The self-trading sector also contributed to the sell-off, increasing market pressure. The skew in capital flow among market participants is an important indicator for the outlook of the Vietnamese economy.
Business impactFor Japanese companies, while the short-term skew in capital flow may have limited direct impact, it indirectly relates to the funding environment for local subsidiaries and capital policies through the stock market. In periods of low liquidity, price movements can be amplified, necessitating caution.

Key pointsHo Chi Minh City has approved the expansion project for National Route 1 and selected a consortium of 194 Construction Investment General Company and 194 Vietnam Investment Development Consulting Company as investors. The project is planned to extend approximately 9.62 km, with a width of 60 meters and an expansion to 10-12 lanes. Construction is set to begin on August 29, 2026, and is expected to be completed in 2029.
Business impactThis project is anticipated to improve transportation infrastructure in Ho Chi Minh City and enhance logistics efficiency. Japanese companies need to seize business opportunities arising from this infrastructure development.

Key pointsThe Domestic Market Management Department of Vietnam has instructed oil producers and distributors to take measures to secure oil supply ahead of the National Day on September 2. Specifically, they are required to enhance inventory and strengthen sales systems to prevent supply disruptions. This is expected to ensure stable oil supply during the National Day period.
Business impactJapanese companies need to adjust logistics and personnel arrangements in line with the National Day. In particular, as stable oil supply is required, it is important to strengthen collaboration with relevant suppliers and review the supply chain.

Key pointsViettel has secured the rights to provide communication services in the Dominican Republic and plans to build a network using the latest technology. The Dominican Republic is experiencing significant economic growth in the Caribbean region, particularly in the telecommunications market. Viettel expects to further expand its revenue in overseas markets as a result.
Business impactViettel's new expansion presents new business opportunities for Japanese companies. In particular, companies related to telecommunications infrastructure may find it worthwhile to consider collaboration with Viettel.

Key pointsHo Chi Minh City's Digital Citizen Station has been newly established as part of administrative reform, recognized for providing digital services closely related to citizens' lives. The station aims to simplify administrative procedures and enhance interaction with citizens, particularly supporting processes like resident registration and electronic ID issuance. Additionally, it offers healthcare services and free access to digital health management devices, with plans to expand this model nationwide.
Business impactFor Japanese companies, the advancement of digitalization and the efficiency of administrative procedures are crucial for business operations. Utilizing digital services, especially in labor management and tax procedures, is expected to save time and costs.

Key pointsAs part of the 2026 Vietnam Private Economic Forum, young entrepreneurs in the southern region held a roundtable meeting. The meeting discussed five key issues: data management, infrastructure development, supplier cultivation, strengthening SMEs, and talent collaboration. Notably, young entrepreneurs from Ho Chi Minh City aim to strengthen collaboration with Bac Ninh Province to promote regional economic development.
Business impactThis movement provides Japanese companies with an opportunity to understand the local business environment and build partnerships, particularly focusing on talent development and supply chain enhancement.