Recommendations for Streamlining Real Estate Credit Management

Key pointsVARS IRE, a research institution for the Vietnamese real estate market, points out that issues related to real estate credit are not merely about 'tightening' or 'loosening' but rather focus on where the flow of funds is directed, the purpose of their use, and the level of risk involved. There is a particular need for prioritizing funding for legally compliant projects, while speculative capital inflows should be managed appropriately. Given the declining market liquidity, careful selection of suitable projects is essential.
Business impactJapanese companies need to pay attention to the flow of funds and risk management in Vietnam's real estate market and reassess their investment strategies as legal frameworks develop. It is particularly important to consider the legal status of projects and the reliability of the market when securing funding.

Key pointsIncreased attacks in the Gulf region have led to a surge in oil prices, heightening expectations for a rate hike by the U.S. Federal Reserve (Fed). This situation raises concerns about inflationary pressures and a worsening trade balance for Vietnam. As an energy-importing country, Vietnam could face serious repercussions from high oil prices. It is anticipated that the flow of investment money will also be affected, requiring companies to respond cautiously.
Business impactFor Japanese companies, rising oil prices directly impact energy costs and logistics expenses. Companies prioritizing supply chain stability need to hedge against fuel price fluctuations and diversify their procurement sources. Additionally, changes in exchange rate risks and interest rate differentials will also affect investment decisions, necessitating careful attention.

Key pointsOn September 13, Vietnam's overnight interest rate was maintained at 1.5%, while the one-week rate rose to 3%. Market participants are closely monitoring interest rate fluctuations.
Business impactInterest rate trends will impact the financing costs for Japanese companies, necessitating caution from finance departments.

Key pointsThe VN-Index dropped by 1.86% to close at 1795.21 points, falling below the psychological threshold of 1800 points again. It attempted to break through 1800 points for 10 consecutive trading days, but selling pressure increased, cooling investor sentiment. The 1800 points mark is considered an important indicator of the balance between growth expectations for the Vietnamese economy and stock market valuations.
Business impactFor Japanese companies, the short-term adjustment in the stock market has little direct impact, but it may affect fundraising costs and the stock valuations of local partners. A cautious approach is required regarding short-term stock price fluctuations. Future progress on FTSE upgrades should also be closely monitored.

Key pointsIn Tam Tien Village, Da Nang City, local residents are seeking new livelihoods through tourism. The transition from fishing to tourism is progressing, and preparations to welcome tourists are underway. Notably, local youth are taking the lead in environmental protection activities and working on utilizing tourism resources. The village's economy is revitalizing, and residents' incomes are improving.
Business impactJapanese companies should view the growth of tourism in Tam Tien Village as a business opportunity and consider developing projects that leverage local tourism resources. Particularly, as environmentally conscious tourism development is required, building sustainable business models will be crucial.

Key pointsOn September 11, 2025, the Ho Chi Minh Stock Exchange (HOSE) added plastic manufacturing company Parley (PLP) to its list of suspended margin trading stocks, bringing the total to 73. This move reflects the vulnerabilities in the Vietnamese economy and serves as an important indicator for investors. The suspension of margin trading applies to companies with issues related to financial status or information disclosure, and the 73 stocks represent a certain percentage of HOSE-listed companies.
Business impactJapanese companies need to reference the list of suspended margin trading stocks to assess the financial health of their business partners. This information is particularly crucial for credit management and investment decisions, serving as an important signal. Close attention to future market trends is required.