Ho Chi Minh City Police Warns of Ghost Companies Issuing Fake Invoices

Key pointsCT UAV has established a UAV (Unmanned Aerial Vehicle) factory in Garden Grove, California. This factory is a joint venture between CT Group and TJ Aerospace, with the opening ceremony held on September 21, 2026. CT UAV aims to research, design, and manufacture UAVs in 16 key areas, targeting to supply over 100 UAVs to the market daily.
Business impactJapanese companies may find new business opportunities by leveraging Vietnam's technological capabilities. In particular, advancements in UAV technology are expected to have applications in various fields such as logistics and agriculture.

Key pointsHo Chi Minh City police announced that 326 ghost companies issued 178,357 fake value-added tax invoices. In this case, 12 individuals were arrested, and an additional 25 were newly indicted. The police strongly warned businesses to avoid purchasing or using fake invoices.
Business impactThis incident highlights the potential tax risks and legal liabilities businesses may face if they neglect to verify the legal status of their partners. Japanese companies need to ensure the reliability of their partners and strictly adhere to compliance regulations.

Key pointsThe Standing Committee of the National Assembly of Vietnam is considering a bill to double fines for violations. Fines for individuals are expected to increase from 500,000 VND to 1,000,000 VND, and for organizations from 1,000,000 VND to 2,000,000 VND. Additionally, fines for violations detected through technical means are also expected to be expanded, allowing for immediate issuance of fines.
Business impactIf this bill is enacted, Japanese companies will need to strengthen compliance with regulations, particularly in labor management and compliance departments, to address the new penalties.

Key pointsVietnam's President Vo Lam has proposed strengthening cooperation with US companies in the energy and technology sectors, urging them to play a significant role in the Vietnamese market.
Business impactThis proposal suggests new business opportunities in energy and technology for Japanese companies, particularly those interested in sustainable energy and digital technologies, making it worthwhile to consider entering the Vietnamese market.

Key pointsVietnam's deposit interest rates are expected to maintain current levels until year-end, with a slight decline anticipated depending on inflation control and central bank liquidity support. This trend directly impacts the cost of financing in the Vietnamese economy, making it a crucial indicator for investors and businesses, particularly affecting bank stocks and the real estate sector.
Business impactFor Japanese companies, interest rate trends are directly linked to financing and investment plans. It is essential to monitor central bank policy developments to determine the timing for local subsidiaries' working capital financing and capital investments.