Establishment of Asset Management Companies in Vietnam

Key pointsOn September 17, 2026, the Vietnamese government announced a new decree regarding asset management companies for financial institutions. This decree outlines the establishment, operation, and financial mechanisms of asset management companies.
Business impactThis new decree is expected to improve the efficiency of asset management in financial institutions, increasing opportunities for Japanese companies to utilize financial services.

Key pointsOn September 21, Vietnam's stock market will be upgraded to emerging market status by FTSE Russell, expanding access to international investors with $22 trillion in assets and increasing expectations for foreign capital inflow. This evaluation reflects Vietnam's economic growth and improved market transparency.
Business impactJapanese companies need to strengthen collaboration with foreign investors and explore strategies to maximize fundraising opportunities in light of the stock market upgrade, particularly focusing on long-term investment strategies.

Key pointsIn global tourism trends, travelers seek not just destinations but deep emotional experiences and spiritual values. Resolution 26 from the Politburo emphasizes that cultural and ethnic identity is the foundation of tourism competitiveness in Vietnam. The tourism industry plays a crucial role in converting cultural values into economic value.
Business impactJapanese companies should consider offering products and services that incorporate cultural elements as tourism develops, with a focus on marketing strategies targeting travelers who prioritize cultural experiences.

Key pointsThe Tac Ke iron mine in Ha Tinh Province, Central Vietnam, has been closed, and land handover for new projects is underway. This closure is drawing attention as a reassessment of resource policy and a new focus on regional development. The Tac Ke iron mine had seen stagnant development for many years, but this decision may create new investment opportunities.
Business impactFor Japanese companies, the procurement environment for steel raw materials may change, and if new projects progress in the construction industry, a reassessment of supply chain strategies will be necessary.

Key pointsTasco Auto has acquired shares in VinFast Motors, which assembles EV trucks and vans. This move aims to expand from imported vehicle sales to domestic assembly and electrification, marking an important step in Vietnam's electrification strategy. Specific acquisition ratios and amounts have not yet been disclosed, but it is seen as part of industry restructuring amid the expansion of the commercial EV market.
Business impactFor Japanese companies, Tasco Auto's actions may prompt a restructuring in the commercial EV sector, necessitating a reevaluation of logistics and supply chain strategies. In particular, automotive companies like Toyota and Isuzu will need to explore collaboration opportunities with local firms.

Key pointsJapanese retail company Saeki Selva Holdings has announced plans to enter the Vietnamese market by training Vietnamese employees in Japan. Trainees will learn basic operations for over three years in Japan and acquire skills in store management and product development upon returning home. Saeki plans to open approximately 100 stores in Vietnam over the next three years.
Business impactThis strategy presents an opportunity for Japanese companies to enhance their competitiveness in the Vietnamese market. In particular, developing local talent is expected to improve store operations and responsiveness to customer needs.

Japanese business summary. Read the original source for the source language.

Key pointsTân Hiệp Phátの創業者トラン・クイ・タン氏は、最近新たに不動産会社を設立し、800ヘクタールの工業団地の開発を提案しています。これにより、家族は不動産市場に再び注目し、特に工業用地の開発に焦点を当てています。
Business impactこの動きは、ベトナムの不動産市場における新たな競争を示唆しており、日系企業は市場の動向を注視し、戦略を見直す必要があります。

Key pointsIn the second quarter of 2025, the net profit of listed companies in Vietnam increased by 48% year-on-year. As a result, following the market upgrade by FTSE, foreign investment inflows could reach between $1.5 billion and $2 billion. The expansion of public investment and the recovery of domestic demand are supporting the improvement in corporate earnings.
Business impactFor Japanese companies, the increase in profits among listed firms indicates investment opportunities, particularly in public investment-related projects. This serves as a crucial indicator when considering supply chain restructuring and the expansion of local production.

Key pointsConcerns are rising regarding the impact of the Federal Reserve Board's (FRB) anticipated rate hikes on Vietnam's economy and foreign exchange market. An increase in FRB rates may enhance the appeal of the US dollar, potentially leading to capital outflows from emerging market currencies. This could increase downward pressure on the Vietnamese dong, raising import costs and the burden of external debt.
Business impactFor Japanese companies, the FRB's rate hike will affect the costs of importing raw materials and labor, necessitating a review of supply chain procurement costs. Additionally, there is a need to consider asset allocation in light of foreign exchange risks.

Key pointsVietnam has been officially included in the FTSE Russell Emerging Markets Index. This marks a significant turning point for the Vietnamese economy and indicates an enhancement of its position in the international capital market. As a result, foreign investment is expected to increase, potentially raising the valuation of the Vietnamese market.
Business impactInclusion in the FTSE Emerging Markets Index serves as a signal for Japanese companies regarding the diversification of funding sources and the stability of the business environment. Particularly, the ongoing internationalization of the securities market is anticipated to increase funding options for local subsidiaries.

Key pointsA taxpayer in Hanoi received a personal income tax refund for the 2025 fiscal year in May, but months later received a notification of unpaid taxes, including penalties. This suggests potential issues with the tax authorities' procedures.
Business impactThis case highlights the need for Japanese companies to remain vigilant regarding notifications from tax authorities even after receiving refunds, emphasizing the importance of internal management to ensure transparency in tax procedures.

Key pointsVietnam's electricity authority has clarified regulations regarding land use, stating that conditions must be met for the installation of solar power systems. Companies must comply with land use laws.
Business impactCompanies considering the introduction of solar power must fully understand land use regulations and follow appropriate procedures, particularly in alignment with land use planning.