Advancing Legal Framework Development

Key pointsAt a workshop on real estate business law reform held in Hanoi, experts discussed enhancing the transparency and stability of legal regulations in preparation for 2026. There is a particular demand for legal reforms to ensure a sustainable market. The Ministry of Construction plans to advance amendments to real estate and housing laws, which is expected to foster growth in the M&A market.
Business impactAs legal reforms progress, Japanese companies will benefit from a clearer legal framework for real estate-related investments and transactions, leading to improved risk management.

Key pointsAstraZeneca Vietnam has initiated the process to revoke the business license of its former facility as of August 24, 2026. This move aims to expand and upgrade its warehouse system based on a long-term growth strategy. The new warehouse will feature greater capacity and a refrigerated supply chain with strict temperature control, preparing for the introduction of advanced therapies. AstraZeneca has confirmed its commitment to continue medical supply in Vietnam.
Business impactThis action may impact AstraZeneca's supply chain and logistics operations, with expectations that the new warehouse will enhance the efficiency of pharmaceutical supply. Japanese companies should pay attention to changes in the healthcare sector and consider reviewing supply contracts.

Key pointsQuang Tri Province is concentrating resources to accelerate the progress of key projects. The completion of each project will contribute to the expansion of development space and enhance competitiveness, creating room for achieving the double-digit growth target for 2026. In particular, alleviation of traffic congestion in the western area is anticipated. Trends in the southern real estate market are also being closely monitored.
Business impactThis move may contribute to infrastructure investment and logistics efficiency for Japanese companies. In particular, businesses in the construction and real estate sectors need to closely monitor project developments and identify business opportunities.

Key pointsVietnam continues to attract attention as a destination for FDI, with a demand for the development of factories and infrastructure. Construction companies are particularly required to enhance operational capabilities, optimize costs, and adopt the latest technologies. Golden Lotus Construction is leveraging its 15 years of experience to strengthen its capabilities as a comprehensive contractor specialized in factory construction. The company has implemented an international standard quality management system and established a framework to meet complex technical requirements. Recently, it has formed a strategic partnership with Aurora IP to participate in a project in a specialized industrial park covering 519.6 hectares, aiming to provide comprehensive construction solutions for FDI companies.
Business impactJapanese companies should closely monitor this trend and assess its impact on related transactions, contracts, and local operations.

Key pointsOn August 23, 2026, the Vietnam National Assembly approved a new oil law with 473 votes in favor. This law will take effect on March 1, 2027, granting PetroVietnam new powers and expanding its incentives, allowing the company to operate more flexibly.
Business impactJapanese companies may see increased collaboration opportunities in oil and gas-related projects due to the expanded authority of PetroVietnam, necessitating relevant sectors to review the details of the new law and adjust their strategies.

Key pointsDespite lacking advantages in market size and population, Singapore remains one of the major foreign investors in Vietnam. Recently, Singaporean companies are expanding their investments from traditional real estate and industrial parks to new areas such as science and technology, digital transformation, and the establishment of international financial centers. Notably, Sembcorp has announced plans to establish an AI-enabled data center in Ho Chi Minh City's high-tech zone, enhancing the economic complementarity between Singapore and Vietnam.
Business impactJapanese companies need to closely monitor Singapore's investment trends and seek collaboration opportunities, particularly in emerging technologies and financial services. Given the increasing interest in digitalization and AI-related projects, it is crucial to consider partnerships in these fields.

Key pointsHo Chi Minh City is formulating certification standards for smart hotels, green hotels, and unique style hotels. This aims to promote digitalization and environmental considerations while diversifying the tourism industry. The city has 4,805 accommodation facilities, and establishing standards for luxury hotels is intended to enhance the quality of tourism.
Business impactThese new standards present an opportunity for Japanese companies to enhance their competitiveness. In particular, there is a demand to meet customer needs by introducing environmentally friendly services and digital technologies.