US and Japan Accelerate Tungsten Investment

Key pointsThe new tungsten investments from the US and Japan aim to move away from current concentrated supply and accelerate supply chain development. Masan High-Tech Materials (UPCoM: MSR) is leveraging its resource development and processing capabilities in Vietnam to strengthen international partnerships. Notably, Elmet Group has acquired shares in MSR and established a long-term supply agreement, providing MSR with opportunities to enhance its competitiveness in the tungsten market.
Business impactJapanese companies should monitor this trend and assess its implications for related transactions, contracts, and local operations.

Key pointsCan Tho City is strengthening the infrastructure of industrial zones and advancing the expansion of clean land and improvement of the investment environment. This aims to establish a foundation for sustainable growth. Currently, Can Tho City has nine operational industrial zones with 349 registered investment projects. Plans for two new industrial zones are also underway, which are expected to attract significant investments.
Business impactJapanese companies need to seek new investment opportunities in line with the industrial expansion in Can Tho City. In particular, businesses in the manufacturing and logistics sectors should leverage the regional infrastructure improvements to expand their operations.

Key pointsOn July 28, 2026, the 14th meeting of the Central Committee of the Communist Party of Vietnam adopted a resolution aimed at developing Vietnam as a maritime nation. This resolution positions the development of the marine economy as a strategic driver of economic growth. Quang Ninh Province is advancing development by leveraging its maritime advantages.
Business impactJapanese companies should pay attention to the growth of Vietnam's marine economy and seek related business opportunities. Participation in projects related to the utilization of marine resources and sustainable development is particularly anticipated.

Key pointsAuthorities in Lam Dong Province are enhancing monitoring to prevent illegal fishing (IUU) and plan to impose strict penalties on violators. Specifically, 954 fishing vessels have been reported as non-compliant, with 12 vessels losing connection to the VMS (Vessel Monitoring System). This is part of efforts to ensure the sustainability of fisheries.
Business impactJapanese companies need to deepen their understanding of Vietnam's fishing regulations and strengthen compliance systems to avoid IUU violations. Particularly, businesses involved in fisheries are required to ensure legal compliance and obtain the necessary permits.

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.