ADB Raises Vietnam's Growth Forecast to 7.8%

Key pointsVinSpeed has signed a contract worth approximately €1 billion (about $1.15 billion) with Siemens Mobility to develop two high-speed rail projects: Hanoi - Quang Ninh and Ben Thanh - Can Gio. This contract is seen as a significant step towards modernizing Vietnam's railway infrastructure.
Business impactFor Japanese companies, the development of railway infrastructure may create opportunities for providing related technologies and services. In particular, companies with expertise in transportation infrastructure technology may have chances to participate in future projects.

Key pointsThe Asian Development Bank (ADB) has raised Vietnam's economic growth forecast for 2026 to 7.8%. This adjustment reflects better-than-expected economic growth in the first half of 2026. ADB plans to strengthen financial support to promote sustainable growth and regional cooperation.
Business impactThis upward revision of the growth forecast presents an opportunity for Japanese companies to reaffirm the growth potential of the Vietnamese market. It serves as a crucial indicator when reconsidering investment strategies or launching new business ventures.

Key pointsThe Ministry of Finance of Vietnam engaged in dialogue with international investors in the U.S. as part of activities related to the 81st United Nations General Assembly. The event included discussions on macroeconomic outlook and government funding strategies, receiving feedback from investors who highly value Vietnam's economic stability and long-term growth potential.
Business impactThis activity presents an opportunity for Japanese companies to enhance their trust in the Vietnamese market. It is particularly important to incorporate the perspectives of international investors when reviewing funding and investment strategies.

Key pointsThe total assets managed by a Vietnamese asset management company have reached 846 trillion VND (approximately $32.5 billion). This expansion indicates the maturity of the Vietnamese economy and reflects the growing interest of domestic and international institutional investors.
Business impactFor Japanese companies, the growth of asset management firms means diversified funding options and increased opportunities for capital partnerships through the stock market. Access to funds via local management companies will become a crucial strategy.

Key pointsVietnam's agricultural exports are performing well, achieving $5.8 billion in the first eight months towards the 2026 target of $10 billion. Ensuring supply, quality, and export procedures will be crucial as the year-end approaches.
Business impactWith the expansion of agricultural exports, understanding related regulations and procedures is necessary. In particular, the export sector must respond quickly to market changes.

Key pointsThe Central Committee of the Communist Party of Vietnam outlined strategic directions to strengthen Vietnam as a maritime nation in Resolution No. 20, announced on July 28, 2026. A target has been set to increase offshore wind power generation capacity from 6GW to 10GW by 2030, which is expected to promote the development of renewable energy and new marine economy industries.
Business impactJapanese companies need to seize new business opportunities arising from the growth of offshore wind power, considering technology provision and investment in projects. It is particularly important to develop strategies to enhance competitiveness in the renewable energy sector.

Key pointsOn September 22, 2026, Vietstar Airlines received its first Airbus A330 at Phu Quoc International Airport. The introduction of this aircraft aims to expand international routes and is seen as a significant event symbolizing the growth of Vietnam's tourism industry. Future development of long-haul routes is anticipated.
Business impactFor Japanese companies, the expansion of tourism infrastructure on Phu Quoc Island presents new business opportunities. In particular, there may be an increase in investment opportunities in aviation-related services and the development of tourism facilities.