Vietnam Household Deposits Exceed 1,120 Trillion Dong

Key pointsVietnam's household deposit balance reached 1,120 trillion dong (approximately 6.79 trillion yen) by the end of July 2026, marking a nearly 9% increase compared to the end of the previous year. This increase is influenced by persistently high deposit interest rates, drawing attention to the impact on the stock and real estate markets. Notably, the trend of personal funds moving towards bank deposits signals a conservative shift in household asset choices.
Business impactFor Japanese companies, trends in household deposits serve as an indicator of consumer sentiment. A strong inclination towards saving may suppress personal consumption, potentially affecting businesses in retail and consumer goods. Additionally, the cost of funding and interest rate trends in the banking sector will be crucial factors in investment decisions.

Key pointsAt the 14th Central Committee's 3rd meeting held on July 28, 2026, the need to utilize culture for the development of Vietnam as a maritime nation was emphasized. The aim is to leverage the ecosystem of marine heritage as a tourism resource to develop Vietnam's marine tourism. A policy has been outlined to manage the marine environment using science and technology for sustainable development.
Business impactThe development of marine tourism presents new business opportunities for Japanese companies engaged in the tourism industry, particularly in the development of tourism plans that utilize culture and heritage.

Key pointsVietnam's textile industry continues to grow, but pressures from pricing, delivery times, and tariff policies are increasing. Companies are striving to enhance productivity, reduce costs, and strengthen exports. In 2025, Vinatex's revenue increased by 8.3% year-on-year, with pre-tax profits rising by 39.3%. Notably, the textile sector recorded a 18.8% increase in sales, with profits tripling.
Business impactAs competition intensifies in the textile industry, Japanese companies need to focus on cost management and improving production efficiency, particularly in optimizing raw material procurement and logistics.

Key pointsFollowing the Federal Reserve's interest rate hike, investors are strengthening their trust in the Fed's independence while growing anxious about the extent of future tightening. This uncertainty may lead to fluctuations in stock and bond prices, potentially affecting the Vietnamese economy. Market participants are reassessing their investment strategies in Vietnam while closely monitoring the Fed's next moves.
Business impactFor Japanese companies, trends in U.S. interest rates impact the dong exchange rate and financing costs, necessitating particular attention from finance departments. Additionally, it is essential to consider the Fed's policies when making investment decisions in the Vietnamese stock market.

Key pointsThe Vietnamese Ministry of Finance announced that future engagements with international investors will not involve bond issuance. This activity aims to update economic information and maintain international relations. The ministry plans to provide information on the economic and social situation, fiscal policy, and public debt management during meetings with investors. The government will determine the scale and timing of any issuance based on market funding needs.
Business impactJapanese companies should pay attention to Vietnam's funding strategy and monitor trends in international fundraising. It is particularly important for finance departments to stay updated, as this could impact investment plans.

Key pointsOn September 18, 2026, Vietnam's Minister of Finance, Ho Duc Phoc, announced the country's official participation in the FTSE Russell Global Equity Index Series. This participation marks a significant milestone indicating the elevation of Vietnam's securities market to emerging market status, effective from September 21. The government is working to improve the investment environment and promote digitalization to encourage international capital inflows and stabilize the economy. Vietnam's reform efforts have also been recognized by the international community.
Business impactFor Japanese companies, joining FTSE Russell may increase connections with international investors and broaden fundraising opportunities. In particular, the improvement in capital market liquidity could impact the stock prices and fundraising capabilities of local partner companies, warranting close attention.

Key pointsA trade fair was held in Can Tho City, gathering over 300 Vietnamese and Chinese companies to explore trade and investment opportunities. The event aims to expand the supply chain in the Mekong Delta region and promote green trade. The Can Tho Department of Industry and Trade expressed its intention to strengthen exports of agricultural and aquatic products and deepen collaboration with Chinese companies.
Business impactJapanese companies should monitor this development and assess its impact on relevant transactions, contracts, and local operations.

Key pointsOn September 16, the U.S. Federal Reserve announced a rate hike, but its impact on the Vietnam stock market is not uniform. Historical data shows that foreign capital can still flow in after a Fed rate increase, with exchange rates being a crucial factor. The current Vietnamese economy is robust, and the effects of the rate hike are expected to be limited.
Business impactJapanese companies need to closely monitor the impact of the Fed's rate hike on the Vietnamese market, particularly revising strategies for fundraising and foreign exchange risk management. It is essential to consider how fluctuations in exchange rates affect business operations.

Key pointsTPBank is expanding safely and efficiently, optimizing capital utilization against a backdrop of strong financial indicators. After completing the Standardized Approach (SA) early, TPBank has established a crucial foundation regarding capital, data, risk measurement models, technology, and governance, aiming to transition to the Internal Ratings-Based (IRB) approach in accordance with the regulations of the State Bank of Vietnam by 2027.
Business impactJapanese companies need to focus on risk management and capital efficiency in their dealings with TPBank and adapt to upcoming changes in financial services.

Key pointsWhile the Federal Reserve's interest rate hike policy is exerting some pressure on the currency market, UOB experts maintain a positive outlook for the Vietnamese Dong towards 2026-2027. The State Bank of Vietnam's (NHNN) flexible monetary policy and proactive management techniques have effectively mitigated the risks of currency depreciation, although external macroeconomic challenges remain.
Business impactJapanese companies should strengthen their currency risk management and closely monitor exchange rate trends, particularly as they may be affected in their import and export operations.

Key pointsOn September 17, 2026, the Vietnamese flag was displayed on the large screen of the New York Stock Exchange (NYSE) with the message, "Congratulations Vietnam! From Frontier to Emerging Market." This celebration marks the upgrade of Vietnam's stock market to an emerging market by FTSE Russell, showcasing the country's economic growth and international trust. Alex Hong from NYSE praised the efforts of the Vietnamese people, government, and businesses, expressing expectations for improved market liquidity and expanded access to international capital.
Business impactThis upgrade is likely to promote foreign investment inflows into the Vietnamese market, providing new business opportunities for Japanese companies. Companies involved in the capital market should closely monitor future trends and reassess their strategies.

Key pointsThe Federal Reserve (Fed) raised interest rates by 0.25 points, setting the federal funds rate range at 3.75% to 4%. As a result, global gold prices reached $4,360 per ounce, and both the U.S. and Vietnamese stock markets saw gains. Notably, the U.S. stock market was driven by technology stocks, with the Dow Jones Industrial Average rising by 0.61%. The VN-Index in Vietnam also reached 1,822.77 points, indicating expectations for a short-term upward trend.
Business impactJapanese companies need to consider the increased cost of financing due to rising interest rates and the impact of currency fluctuations. Particularly in import and export operations, managing risks related to gold price fluctuations is crucial.