New Regulations on Private Sector Involvement by Party Members in Vietnam

Key pointsThe General Secretary of the Communist Party of Vietnam, To Lam, has instructed the formulation of new regulations regarding private economic activities by party members. These regulations aim to prevent the creation of privileges when party members engage in business management and require exemplary behavior. This initiative seeks to strengthen the private sector and improve governance within the party, providing foreign investors with insights into institutional risks. The specific implementation timeline and penalties remain undecided, but a strengthening of discipline regarding party members' commercial activities is anticipated.
Business impactThese new regulations may offer transparency for Japanese companies in selecting partners and joint ventures in Vietnam, ensuring that party members' involvement does not lead to privileged transactions. This could enhance predictability in investment decisions and be considered an important factor in risk assessment.

Key pointsTesla Motors Vietnam has been established, and its initial management team has been announced. CEO Isabel Chin Phan has 19 years of experience at Apple, and Chairman David John Feinstein has experience working at the U.S. Department of Commerce. Tesla is showing intentions to intensify its entry into the Vietnamese market, drawing attention to future developments.
Business impactTesla's entry may intensify competition in Vietnam's automotive market. Japanese companies need to monitor trends in the EV market and reassess their strategies to maintain competitiveness.

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Key pointsViettel Constructionは、FLC FarosおよびNovaland関連の企業からの不良債権に対し、100%の引当金を計上したことを発表しました。これにより、同社の財務状況に影響を与える可能性があります。
Business impact不良債権の引当金計上は、財務報告や投資判断に影響を及ぼすため、関連部門は注意が必要です。

Key pointsDeputy Prime Minister Pham Gia Tuc has urged electronics and semiconductor companies to actively develop Vietnamese suppliers. This initiative aims to enhance domestic production capacity and reduce import dependency. Specifically, there is a call to strengthen support for the electronics industry and improve the technological capabilities of local companies.
Business impactJapanese companies need to reassess their roles in the Vietnamese supply chain and strengthen collaboration with local suppliers. Cooperation with domestic firms is particularly important for sourcing components related to electronics.

Key pointsVinhomes ranks 21st in the global real estate company rankings, with a market capitalization of approximately $22.78 billion. This strengthens Vinhomes' leadership in Vietnam and enhances its visibility in the international real estate market, surpassing major firms like CK Asset and Sumitomo Realty.
Business impactVinhomes' growth indicates the health of Vietnam's real estate market, suggesting increased investment opportunities for Japanese companies. Businesses involved in real estate should closely monitor Vinhomes' developments and reassess their strategies.

Key pointsThe Asia-Oceania Animal Science Conference (AAAP 2026) will be held in Hanoi from October 28 to 31, 2026, with approximately 1,400 participants from 42 countries discussing sustainable livestock development and adaptation to climate change. The importance of traceability and consumer collaboration will be particularly emphasized.
Business impactJapanese companies are required to understand the latest trends and technologies in sustainable livestock to develop strategies that enhance their competitiveness in the Vietnamese market.

Key pointsOn September 14, 2026, the 32nd ASEAN Financial Integration Senior Officials' Meeting (SLC) was held in Ha Long City, Quang Ninh Province, along with the 11th meeting of the ASEAN Financial Integration Support Capacity Building Committee (SCCB) and the Special Task Force on Sustainable Finance (SLC-TF). The meeting reported on the progress of capacity-building programs for central banks in Cambodia, Laos, and Vietnam, and discussed efforts towards the liberalization of financial services and market development within ASEAN. Additionally, progress on initiatives related to sustainable finance was confirmed.
Business impactJapanese companies need to strengthen collaboration with local financial institutions and explore new business opportunities due to the liberalization of financial services in the ASEAN region. In particular, initiatives related to sustainable finance may impact investment strategies, necessitating close attention.

Key pointsDa Nang City is considering support policies for AI data centers and semiconductor projects. Proposed support includes subsidies of up to 20% of construction costs, with limits set depending on the type of project. Notably, semiconductor projects are expected to receive significant support.
Business impactThis support policy presents attractive investment opportunities for technology companies. Japanese firms should consider exploring new business opportunities in Da Nang and participating in these projects.

Key pointsThe Vietnamese tax authority has instructed that no unnecessary additional procedures or documents should be required when companies cancel their tax numbers. This directive aims to expedite the cancellation process and ensure transparency, allowing companies to proceed smoothly.
Business impactJapanese companies will benefit from the simplification of tax procedures, enabling quicker cancellation of tax numbers, which may necessitate a review of their management strategies.

Key pointsA lightweight railway (LRT) project is underway on Phu Quoc Island, Vietnam. Rail installation will begin above ground by the end of August 2026, alongside plans for an international airport in preparation for APEC 2027. Sun Group is collaborating with HURC to standardize the operation of urban railways in Phu Quoc, which is expected to enhance critical infrastructure for APEC 2027.
Business impactThis project may provide new business opportunities for Japanese companies related to construction and transportation. The infrastructure development in preparation for APEC is likely to be a significant opportunity for relevant businesses.

Key pointsThe Vietnamese government has announced a plan to assign unique identification codes to land parcels nationwide and treat digitized land data as official proof, replacing paper certificates. This reform is expected to eliminate the need for residents to resubmit existing registration information and simplify administrative procedures. Increased transparency in land transactions is anticipated, which will enhance the reliability of the investment environment. The specific implementation timeline is yet to be determined, but future announcements are eagerly awaited.
Business impactFor Japanese companies, the digital verification of land rights will facilitate more efficient due diligence in acquiring business land. This could lead to quicker investment decisions and potentially promote real estate investment in Vietnam.

Key pointsThe Ho Chi Minh City Tax Department has released a list of 278 companies that have overpaid taxes for more than 10 years. These companies must file for refunds within 15 days of notification from the tax office, or the overpaid amounts will be settled. Some overpayments include small amounts in the hundreds of yen.
Business impactJapanese companies need to respond promptly to notifications from the tax office. In particular, if overpayments have occurred, it is essential to verify and take necessary actions quickly.