Da Nang: Launch of Free Trade Zone Project

Key pointsVietnam's first airline named after an island, Sun Phu Quoc Airlines, will commence commercial operations in November 2025. The airline plans to establish a network connecting major cities domestically and internationally to develop Phu Quoc as an international tourist destination, with plans to expand international routes by 2026. It aims to have 100 aircraft by 2030 and 200 by 2035, including an order for 40 Boeing 787-9s targeting direct flights to Europe and Australia.
Business impactThe emergence of this new airline presents new business opportunities for Japanese companies in tourism and logistics. In particular, businesses based in Phu Quoc can expect to expand their customer base due to improved international access.

Key pointsBamboo Airways announced a reduction in its fleet from eight aircraft at the beginning of the year to just one. The only aircraft currently in operation is a 13.5-year-old Airbus A321-200. The airline previously owned 44 aircraft, but legal issues faced by the founder and failed restructuring efforts have led to this decline. Recent data shows that in June, the airline operated 725 flights, with 241 of them delayed, indicating a decrease in operational reliability. Bamboo Airways has sent apology letters to customers, indicating potential delays in refund processing.
Business impactThis situation may impact Japanese companies dealing with Bamboo Airways, as the decline in operational reliability and delays in customer service could affect their operations. Particularly in logistics and travel-related businesses, there may be a need to consider alternative options.

Key pointsOn August 27, 2026, the infrastructure development project within the Free Trade Zone (EAGLE FTZ) officially commenced in the Hai Van area of Da Nang City. Led by Saigon-Da Nang Investment Company, the project aims to promote investment in priority industries such as logistics and high-tech manufacturing on a 75-hectare site. The project is being developed according to international standards, aiming for sustainable infrastructure that complies with ESG criteria.
Business impactThe progress of this project may expand investment opportunities for Japanese companies in Da Nang. In particular, companies in the high-tech and logistics sectors should closely monitor future developments.

Key pointsOn August 26, 2026, the Chairman of the Vietnam Securities Commission met with the Vice Chairman of Nasdaq in New York to confirm plans to enhance cooperation for the development of both countries' capital markets. Notably, the upgrade of Vietnam's securities market to emerging market status by FTSE Russell is seen as a factor attracting interest from U.S. investors.
Business impactThis strengthened cooperation may facilitate easier access to the U.S. market for Japanese companies and increase fundraising opportunities. Companies considering entry into international capital markets should take note.

Key pointsVietnam's Vietcombank has issued a warning about fraudulent activities that lure customers to cryptocurrency investment platforms. Scammers are using fake news and AI-generated images to deceive customers. Vietcombank emphasizes that it has no connection to these platforms and urges customers to be cautious.
Business impactThis warning is significant for Japanese companies engaging with financial institutions. There is a need to understand the risks of fraud and to enhance the protection of customer information.

Key pointsVietnam Railways will start selling train tickets between Hanoi and Ho Chi Minh City for the 2027 Tet holiday from August 30. The sales will occur in two phases, with priority given to group bookings initially, followed by general sales. The railway authorities are making adequate preparations to meet travel demand during the Tet period.
Business impactSecuring transportation during the Tet period is crucial for Japanese companies' employee travel and logistics, making advance planning essential.