Central Bank Proposes Enhanced Monitoring for VIP Clients

Key pointsOn September 29, 2026, the State Bank of Vietnam proposed strengthening monitoring systems targeting VIP clients and bank executives to prevent money laundering. The proposal aims to establish a risk-based comprehensive monitoring system, particularly enhancing oversight for clients in high-risk industries.
Business impactThis proposal signifies new compliance requirements for financial institutions. Japanese companies will need to review their customer management and risk assessment processes to ensure regulatory compliance.

Key pointsThe Ministry of Construction has decided to apply passenger service fees for domestic and international flights at Long Thanh International Airport starting October 1, 2026. This new fee regulation is considered a crucial step for the smooth commercial operation of the airport.
Business impactThe new fee regulation will directly impact the aviation and travel industries, requiring Japanese companies to review fares and services. In particular, travel agencies and airlines need to consider the effects of the fee changes on customers and implement appropriate measures.

Key pointsEVNHANOI, the power corporation of Hanoi, is promoting the adoption of rooftop solar power for residents and businesses. This initiative aims to reduce electricity costs and contribute to environmental protection. EVNHANOI particularly recommends solar power installation for households and businesses that consume a lot of electricity during the day.
Business impactJapanese companies can leverage EVNHANOI's initiative to advance cost reduction and sustainable energy use. In particular, in the manufacturing and service sectors, reducing electricity costs could enhance competitiveness.

Key pointsIn preparation for achieving its 2026 goals, Kien Giang Province held a meeting to review operations from the third quarter and early 2026. Provincial leaders discussed specific measures to raise the growth rate to double digits and promised to facilitate the flow of funds. Kien Giang Province aims to enhance its willingness to innovate and promote regional economic development.
Business impactKien Giang Province's growth strategy may offer new business opportunities for Japanese companies. In particular, companies involved in infrastructure investment and regional development should pay attention to upcoming projects and consider active participation.

Key pointsVietnam is advancing large-scale infrastructure projects, leading to increased medium- to long-term funding needs. In addition to public investment and bank loans, participation from the private sector, capital markets, and international capital is complementing development resources. Notably, investments in transportation networks, urban infrastructure, energy, and the digital economy are expected to accelerate from 2026 to 2030.
Business impactJapanese companies can expand business opportunities in the Vietnamese market by participating in infrastructure projects, particularly through involvement in PPP (Public-Private Partnership) model projects.

Key pointsStarting October 1, 2026, a new regulation, Circular 138/2026/TT-BTC, will implement processes for individual bond transactions and information disclosure. This regulation clarifies the responsibilities of various parties regarding investor verification, transaction settlement, and information provision during the debt balance period. It is expected to promote the development of capital markets and secure resources for sustainable growth.
Business impactThe new regulations will impact bond issuance and investment strategies for Japanese companies, necessitating particular attention from legal departments.

Key pointsOn September 29, 2026, Chu Tuan Dung, the chairman of Vietnam Tourism Investment Company, was arrested for embezzlement. He allegedly misused the company's bank accounts to illegally withdraw funds related to ship sales. Investigators determined that his actions constituted misconduct against other shareholders of the company.
Business impactThis incident underscores the importance of corporate governance and internal controls, prompting Japanese companies to strengthen their risk management systems.

Key pointsThe Asian Development Bank (ADB) forecasts Vietnam's economic growth rate at 7.8% for 2026 and 7.6% for 2027. ADB experts emphasize the need for productivity improvements, innovation, and strengthening domestic companies to maintain sustainable growth. This suggests that the Vietnamese economy is expected to continue broad growth.
Business impactFor Japanese companies, the economic growth outlook indicates new investment opportunities. Particularly, the manufacturing and service sectors are likely to benefit from this growth, making it important to consider strategic investments.

Key pointsThe Vietnam Chemical Group (Vinachem) is implementing numerous programs to strengthen cybersecurity as part of its digital transformation efforts. Specifically, it plans to invest 500 billion VND in talent development, aiming for 39.5 trillion VND in sales by 2026 and a target of 1 billion USD in exports. This initiative aims to improve overall production and management within the group.
Business impactFor Japanese companies, Vinachem's digital transformation may enhance supply chain security and ensure the reliability of business partners. In particular, the strengthening of cybersecurity measures is a key point for IT departments to reduce the risk of information leaks.

Key pointsOn September 29, 2026, Vietnam's Customs Department certified seven companies under the Priority Enterprise Program, bringing the total number of priority enterprises in Vietnam to 74, which account for about one-third of total import and export value. The newly certified companies include Hana Micron Vina, Luxshare ICT (Vietnam), and Samju Vina, while four companies had their program application extended. The program aims to promote corporate compliance and streamline customs procedures, with plans to enhance data connectivity and transparency in the future.
Business impactBeing certified under the Priority Enterprise Program is expected to expedite customs procedures and reduce costs. Japanese companies should leverage this program to improve the efficiency of their import and export operations, particularly by maximizing the benefits of the program while maintaining compliance.

Key pointsVietnam's e-commerce market is projected to reach $31 trillion by 2025, with Shopee and TikTok holding 98% of the market share. There are 760 delivery companies handling 410 million deliveries annually, making access to major platforms crucial. A new e-commerce law has been enacted, requiring delivery companies to meet platform standards.
Business impactJapanese companies need to partner with delivery providers and adapt to platform standards. It is particularly important to devise strategies that expand customer choices.

Key pointsPublic investment is considered a crucial element for promoting economic growth, and the Vietnamese government aims for rapid influx of funds. However, in practice, the flow of funds has stagnated, particularly due to challenges in on-site procedures and procurement of materials. As of September 10, 2026, public investment spending has reached 47% of the plan, necessitating swift fund release for the remaining period.
Business impactTo improve the flow of public investment, Japanese companies need to monitor project progress and streamline procurement and procedures.