Expansion of Development Space to Promote Tay Ninh Province Growth

Key pointsTay Ninh Province has developed a plan from 2021 to 2030, with a vision extending to 2050. This plan emphasizes strengthening inter-regional cooperation and leveraging local potential. The aim is to promote investment, improve infrastructure, and enhance competitiveness, targeting double-digit growth for sustainable development.
Business impactFor Japanese companies, Tay Ninh Province's growth strategy presents new investment opportunities. Projects related to infrastructure development are particularly noteworthy, as they are likely to contribute significantly to future growth.

Key pointsThe Mayor of Hanoi has indicated a policy to promote sustainable agricultural development and digitalization through dialogue with farmers. Efforts to improve farmers' livelihoods, particularly through urbanization of agriculture and enhancing the value of products, have been emphasized. By the third quarter of 2026, Hanoi's economic growth rate is expected to reach 10.02%.
Business impactJapanese companies are encouraged to seize agricultural-related business opportunities, particularly in digitalization and strengthening supply chains.

Key pointsThe Ho Chi Minh City government has announced a draft plan for green transportation and the introduction of low emission zones (LEZ). As a result, access to the city center for gasoline and diesel vehicles is expected to be restricted starting in 2028. This initiative aims to improve urban air quality and promote sustainable transportation.
Business impactThis policy will necessitate a reassessment of transportation methods, prompting Japanese companies to reevaluate their logistics strategies. In particular, there will be a need to consider the introduction of vehicles that comply with environmental regulations.

Key pointsVietnam is advancing policies to promote green growth and energy transition to achieve net-zero emissions by 2050, based on commitments made at COP26. The formation of a carbon market is particularly emphasized, requiring mechanisms for companies to convert emission reduction achievements into economic value. This is expected to provide incentives for companies to pursue green investments.
Business impactJapanese companies have the opportunity to strengthen environmentally conscious business operations through the utilization of green financing. It will particularly attract attention as a new funding method for managing environmental risks.

Key pointsOn October 14, 2026, during a meeting in Hanoi, Prime Minister Pham Minh Chinh called on US companies to expand their investments in Vietnam, focusing on advanced technology, human resource development, and supply chain enhancement. Representatives from US companies proposed new investment mechanisms, the development of the semiconductor industry, and the utilization of AI. In response, the Prime Minister expressed his intention to support Vietnamese companies in becoming more deeply involved in the supply chain.
Business impactJapanese companies should strengthen collaboration with US firms and explore new business opportunities, particularly in technological innovation and talent development. Efforts to enhance the supply chain are crucial for increasing competitiveness.

Key pointsThe Ministry of Finance of Vietnam has released detailed documentation on the procedures to lift exit bans due to tax arrears. It states that if the unpaid tax amount falls below a certain threshold, the exit ban can be lifted.
Business impactJapanese companies should monitor this development and assess its impact on related transactions, contracts, and local operations.

Key pointsThe tax authority has introduced a system that lifts exit bans approximately 15 minutes after taxpayers have fully paid their taxes. Once payment is completed, the tax authority's system automatically sends a notification to the immigration management bureau. This process can be conducted through eTax mobile and the national public service portal, allowing for a quick response. It is particularly important for taxpayers to directly contact the tax authority to confirm necessary procedures, as complex cases may take several weeks to process.
Business impactJapanese companies need to understand the new system for lifting exit bans and manage their tax obligations appropriately. Quick responses are especially required if a legal representative is subject to an exit ban.

Key pointsQuang Ninh Construction Joint Stock Company (UPCoM: QNC) has announced materials for the extraordinary shareholders meeting in 2026, indicating that its major shareholder, Blue Sem Vietnam, will acquire voting shares without conducting a public buyout. This move may impact the company's shareholding structure.
Business impactJapanese companies should pay attention to changes in shareholder composition, as they may be affected in terms of M&A and investment strategies, necessitating careful responses.

Key pointsUS-based Pacifico Energy has partnered with Vietnam's PTSC to launch a total of 1800MW wind power project in Ho Chi Minh City and Lam Dong Province, with an expected investment of over 150 trillion VND. The project is set to begin surveys in 2026, aiming to provide sustainable energy.
Business impactThis project presents an opportunity for Japanese companies to enter the renewable energy market, highlighting the importance of reassessing energy-related business strategies.

Key pointsBritish International Investment (BII), a government-owned investment agency in the UK, has announced plans to raise $1.6 billion for climate finance activities in Southeast Asia. This funding will be directed towards Vietnam, Indonesia, the Philippines, Malaysia, and Thailand, focusing on renewable energy and sustainable infrastructure projects. Notably, VPBank and HDBank are included as investment targets, with both banks having a market value exceeding 391 trillion VND.
Business impactThis investment may present new business opportunities for Japanese companies, particularly in the renewable energy sector, with expected collaboration and entry into related projects.

Key pointsThe Central Committee of the Communist Party of Vietnam has decided to nurture strong state-owned enterprises for economic development. In particular, VICEM (Vietnam Cement Industry Corporation) and LILAMA (Vietnam Machinery Manufacturing Corporation) are playing key roles in the construction sector. These companies are working to enhance project efficiency while facing domestic and international competition.
Business impactJapanese companies need to consider entering construction projects while being aware of competition with state-owned enterprises. There is a particular demand for environmentally friendly technologies and the introduction of new energy.

Key pointsUnited Overseas Bank (UOB) has raised its forecast for Vietnam's economic growth in 2026 from 8.5% to 9.2%, following better-than-expected growth in the first nine months of 2026. The International Monetary Fund (IMF), World Trade Organization (WTO), and Asian Development Bank (ADB) have also revised their growth forecasts upwards.
Business impactJapanese companies need to reassess their investment strategies in light of accelerating economic growth in Vietnam, particularly by strengthening resource allocation to sectors expected to grow.