Vietnam Aims to Master 500kV Reactor Technology

Key pointsVietnam aims to master the design and manufacturing technology for 500kV reactors. Currently, all equipment is reliant on imports, and domestic production is urgent due to the expansion of the national power grid. The project is led by the East Asia Electric Equipment Corporation (EEMC) in collaboration with Hanoi University of Science and Technology.
Business impactJapanese companies need to consider technological partnerships and investments to seize new business opportunities arising from the localization of Vietnam's power infrastructure.

Key pointsOn September 28, 2026, a workshop on tax policies for FDI companies was held in Hanoi, emphasizing the importance of transparency and compliance. Discussions included expanding exports and diversifying markets using CPTPP, as well as reviewing tax exemption provisions for SMEs.
Business impactJapanese companies will be able to establish clearer tax planning due to improved transparency in tax policies. It is essential to pay attention to tax reforms for FDI companies and consider appropriate responses.

Key pointsOil prices have begun to rise again following the U.S. rejection of Iran's peace proposal. Tensions in the Strait of Hormuz have reignited concerns in international markets, and Vietnam's economy, due to its dependence on energy imports, is particularly susceptible to price fluctuations. The increase in gasoline prices is expected to immediately affect citizens' lives and could impact prices and corporate performance.
Business impactFor Japanese companies, rising oil prices will lead to increased transportation and manufacturing costs, which could pressure profit margins, especially within the manufacturing supply chain. While interest in the energy sector is growing, attention must also be paid to trends in industries that are vulnerable to these changes.

Key pointsIn Vietnam, insurance subscribers are concerned about losing premiums due to corporate troubles; however, a multi-layered legal protection system is in place to safeguard customer rights even in worst-case scenarios. The goal is for 70% of workers in Hanoi to be enrolled in social insurance by 2030.
Business impactJapanese companies need to understand Vietnam's insurance system and consider strategies to enhance employee welfare to secure talented personnel.

Key pointsThe company Tương Lai, with a capital of 137 trillion VND, has decided to merge with VinFast Trading & Production, which owns VinFast's manufacturing division. As a result of the merger, the capital of VinFast Trading & Production will increase to 214 trillion VND, and Tương Lai will cease to exist as a legal entity. After the merger, VinFast Trading & Production will inherit all rights and obligations of Tương Lai, including unpaid debts and labor contracts. VinFast plans to transfer domestic production to VinFast Trading & Production and focus on design and sales.
Business impactThis merger may significantly impact VinFast's financial structure. Japanese companies need to consider the financial situation of the new entity in their dealings and contracts with VinFast.

Key pointsVietnam is leading economic growth in the ASEAN region, maintaining a growth rate of over 5%. According to Bloomberg's forecasts, while Vietnam's growth may slightly adjust from the impressive pace of 2016-2025, it remains at a high level. Compared to other ASEAN countries, Vietnam shows sustainable growth, particularly with expected investments in the manufacturing sector.
Business impactFor Japanese companies, Vietnam's stable growth presents investment opportunities. Companies considering entry into the manufacturing sector or consumer markets should closely monitor Vietnam's economic trends.

Key pointsVinFast's shareholders approved a merger with 'Future Investment Development Company,' which has a capital of 136 trillion dong. As a result of the merger, Future Investment Development Company will dissolve, and VinFast's capital will increase to 214 trillion dong. Future Investment Development Company was established in 2025 with an initial capital of 105 trillion dong. After the merger, VinFast will inherit all rights and obligations.
Business impactThis merger will significantly affect VinFast's capital structure and will be a crucial factor in future investment strategies and fundraising, prompting Japanese companies to reassess their dealings and investment plans with VinFast.

Key pointsVPBank announced that its subsidiary VPLife has officially obtained an operating license and is set to begin operations in the first quarter of 2027. The establishment of this new insurance company is expected to contribute to the expansion of VPBank's services.
Business impactThe establishment of VPLife will broaden insurance service options for Japanese companies, particularly those considering corporate insurance or employee insurance plans, making VPLife's services valuable.

Key pointsThe resolution 20-NQ/TW of the 14th Central Committee, announced on July 28, 2026, emphasizes a long-term strategy to transform Vietnam into a powerful maritime nation. It highlights the enhancement of the economic impact of the fisheries sector and the development of the offshore wind power industry chain, creating new growth opportunities utilizing national resources.
Business impactJapanese companies should consider investment opportunities, particularly in the fisheries and renewable energy sectors, and develop strategies to contribute to the advancement of Vietnam's maritime economy.

Key pointsVietnam has been upgraded to an emerging market by FTSE Russell, expanding opportunities for international fundraising. This upgrade is expected to increase the demand for transparency and governance among listed companies, attracting more interest from international investors. However, not all companies will automatically secure funding, as performance and the quality of information disclosure are crucial.
Business impactJapanese companies need to enhance governance and information disclosure to improve competitiveness in the international market. In particular, establishing systems that comply with international standards is essential.

Key pointsPVcomBank (PetroVietnam Commercial Joint Stock Bank) has decided to increase its capital for the first time in 13 years, issuing 300 million shares at a price of 13,628 VND (approximately 83 JPY), which is 1.6 times the market value. This capital increase is seen as a significant move to strengthen the capital base of Vietnam's banking sector, with particular attention on the bank's capital policy. The issuance price exceeds the market price by about 60%, which may encourage a reassessment of corporate value rather than concerns over dilution for existing shareholders.
Business impactFor Japanese companies, the strengthening of PVcomBank's capital base may contribute to an expansion of lending limits and stability in transactions, making it important information for companies looking to build supply chains. Monitoring future developments will be essential.

Key pointsSCIC in Vietnam has accepted over 1,000 companies over 20 years, focusing on restructuring and management improvements. Notable companies like Vinaconex and Sông Đà have been revitalized, significantly increasing their profits. SCIC promotes sustainable growth by improving financial conditions and revising investment strategies.
Business impactJapanese companies should reference SCIC's initiatives to reassess their own restructuring and investment strategies, particularly emphasizing the need for enhanced financial and risk management.