VinMetal to Hire 82 for New Steel Plant Project

Key pointsThe industrial real estate market in the south maintains a stable foundation with high occupancy rates. Infrastructure expansion is progressing particularly in Ho Chi Minh City, Dong Nai Province, and Tay Ninh Province, indicating potential for growth. A clear market recovery is expected in the first quarter of 2026, presenting new growth opportunities.
Business impactJapanese companies need to reassess their investment strategies and focus on infrastructure development to capitalize on the growth of the southern industrial real estate market.

Key pointsVinMetal, a subsidiary of Vingroup, announced the hiring of 82 personnel for the construction of a new steel plant in the Vung Ang Economic Zone in Ha Tinh Province. The hires will include a range of positions such as engineers and management. The project has a total investment of approximately 80 trillion VND and aims to produce 5 million tons of steel annually. VinMetal plans to implement environmentally friendly manufacturing processes in collaboration with Primtals Technologies.
Business impactThis project presents new business opportunities for Japanese companies, particularly in the construction and steel industries, expanding potential collaboration avenues.

Key pointsVinFast has announced plans to develop new models for the Indian market. Prior to this, the company sold 9,600 electric vehicles in India and anticipates future growth. Additionally, it has decided to invest approximately 19.4 trillion VND to expand its production base in India.
Business impactJapanese companies need to closely monitor VinFast's entry into the Indian market and prepare for changes in the competitive landscape. In particular, a review of their product strategies and supply chains may be necessary.

Key pointsThe tourism apartment market in Vietnam has entered a stabilization phase after rapid growth in the past. Improved legal transparency is restoring investor confidence.
Business impactJapanese companies need to monitor trends in the tourism apartment market and identify investment opportunities.

Key pointsResolution No. 19-NQ/TW marks a strategic turning point defining Vietnam's new development model, with a long-term vision towards 2045 and 2130.
Business impactThis new model presents new business opportunities for Japanese companies, particularly for those aiming for sustainable growth, which must respond swiftly to policy changes.

Key pointsVietnam has expressed its intention to enhance its role as an economic bridge between Russia and ASEAN. By 2026, trade between Russia and ASEAN is expected to reach $21 billion, with Vietnam accounting for about a quarter of that. Notably, Russia's Far East region is seen as a crucial hub for access to the ASEAN market. Vietnam is planning to explore new trade and investment partnerships while promoting logistics and technological cooperation.
Business impactJapanese companies should closely monitor the progress of economic collaboration between Russia and ASEAN, particularly considering investment opportunities in the energy and high-tech sectors. It is essential to reassess strategies for entering new markets.

Key pointsAs of August 28, 2026, Vingroup's (VIC) market capitalization reached approximately 1,830 trillion dong, marking an increase of about 525 trillion dong (around 20 billion USD) since the beginning of the year. This increase surpasses the current market capitalization of Vietcombank, positioning Vingroup as the third-largest entity if considered independently. Vingroup aims for revenues of approximately 331,800 trillion dong in 2025 and 485,000 trillion dong in 2026.
Business impactVingroup's growth is a significant indicator for related companies and investors. In particular, Japanese companies need to explore new business opportunities through transactions and partnerships with Vingroup.

Key pointsOn the final day of the national holiday on September 2, 2026, commercial facilities and cafes in Ho Chi Minh City were bustling with customers enjoying shopping and dining. Many retailers launched promotions aligned with the holiday, focusing particularly on discounts for essential goods. Families and friends were seen going out together, engaging in activities that combined shopping and leisure. Retailers are preparing for the upcoming year-end shopping season.
Business impactJapanese companies need to monitor consumer trends in Ho Chi Minh City and reassess their marketing strategies for the year-end sales period. Promotions timed to coincide with the increased demand for essential goods will be particularly effective.