Hanoi Approves Urban Design for Tran Nhat Duat Street

Key pointsThe Hanoi People's Committee has approved the urban design plans for Tran Nhat Duat Street, Tran Quang Khai Street, and Tran Kain Zu Street as of August 22, 2026. The design is conducted at a scale of 1/500, and a microchip design competition for smart cities will also be initiated. Additionally, the urban design plan for Thai Ha Street has been approved, along with plans for flood prevention and a creative design festival.
Business impactThis approval of urban design may present new business opportunities for Japanese companies. In particular, construction and infrastructure-related firms should be vigilant not to miss opportunities to participate in upcoming projects.

Key pointsHigh demand for air travel is anticipated for the National Day on February 9, 2026. The Vietnam Civil Aviation Authority has instructed airlines to increase flight numbers, manage fares, and minimize delays and cancellations, ensuring passenger safety and rights. The aviation market expects 1.68 million passengers during the holiday period.
Business impactJapanese companies should monitor this trend and assess its impact on related transactions, contracts, and local operations.

Key pointsThe Saigon River has been involved in the development and history of Ho Chi Minh City for over 300 years and is expected to play a crucial role in urban planning for the next 100 years. Recent discussions focused on the development of both banks of the Saigon River, emphasizing urban landscape and public space. The river is positioned as a strategic axis supporting the city's growth as an international metropolis.
Business impactJapanese companies should monitor this trend and assess its impact on related transactions, contracts, and local operations.

Key pointsA new urban development project called 'Vinhomes Saigon Park' is being established in the northwest of Ho Chi Minh City, aiming to accommodate around 60,000 students within a 150-hectare university campus. This project adopts an urban model centered on education, research, and innovation, covering a total area of 1,080 hectares, with plans for a 200-hectare golf course and 100 parks.
Business impactThis project presents new opportunities in the education-related business and real estate development sectors. Japanese companies may find it worthwhile to consider partnerships with educational institutions and the provision of new services.

Key pointsVietnam aims for double-digit economic growth, necessitating an expansion of policy space as over 95% of businesses are small enterprises. From 2026 to 2027, the government proposes a 30% annual reduction in income tax to secure resources for businesses and support economic activities. This is expected to alleviate tax burdens on businesses and contribute to economic growth.
Business impactJapanese companies may need to revise budget planning in their finance departments due to changes in the tax structure. Additionally, there are opportunities to enhance competitiveness by leveraging support measures for businesses.

Key pointsOn August 22, 2026, Vietnam Customs participated in the APEC Business and Customs Dialogue held in Dalian, China, sharing experiences in export and import management through e-commerce. This initiative aims to promote international cooperation in preparation for the APEC meeting in 2027, focusing on building a foundation for customs digitalization and modern management.
Business impactJapanese companies are expected to enhance their competitiveness in the Vietnamese market by learning about e-commerce management practices, particularly in streamlining customs procedures for international transactions.