Vietnam Upgraded to FTSE Russell Emerging Market

Key pointsOn October 13, 2026, three international exhibitions—MTA Hanoi 2026 for precision machinery manufacturing, SemiTronics Vietnam 2026 for semiconductors and electronics, and ProPak Hanoi 2026 for packaging technology—were held simultaneously at the Vietnam Exhibition Center in Hanoi. This event is expected to showcase the latest technologies and products in the industry, expanding business opportunities.
Business impactFor Japanese companies, these exhibitions provide a good opportunity to connect with new business partners and customers. Particularly in the manufacturing and logistics sectors, gathering information on the latest technological trends is crucial for enhancing competitiveness.

Key pointsVietnam Commercial Bank (VietinBank) has announced its intention to issue its first public bonds aimed at financing the economy. The planned issuance will consist of 1.6 million bonds, totaling 16 trillion VND, with the first phase targeting 1.2 million bonds for a total of 12 trillion VND. The bonds will have a variable interest rate, set at the benchmark rate plus 2.25%. The funds are expected to be used for financing real estate and public works projects.
Business impactThis bond issuance indicates a shift in the lending environment for Japanese companies. Increased financing for real estate and PPP projects may expand funding opportunities for related businesses.

Key pointsVietnam has been upgraded to an emerging market by FTSE Russell, expanding access for international investors to its stock market. This upgrade is scheduled to be implemented gradually by 2027.
Business impactThis upgrade is expected to lead to increased capital inflow into Vietnam's real estate market. Japanese companies need to assess investment opportunities.

Key pointsIn Vietnam's real estate market, corporate leadership plays a crucial role. Notably, Nguyễn Thụy Phương Thảo, Vice President of C-Holdings, and Trần Quốc Tuấn, CEO of C-Construction, are key figures in driving strategic projects. They emphasize transparent legal processes and aim for sustainable development.
Business impactSuch leadership serves as an important reference for Japanese companies. Particularly, the focus on project transparency and sustainability should be incorporated into corporate strategies.

Key pointsHanoi's rental market needs to pursue quality improvement and multifunctionality, taking lessons from Bangkok's success. Bangkok has an office market vacancy rate of 21.9% with stable rents, while Hanoi faces a similar situation with a vacancy rate of about 23%. An additional 400,000㎡ of new supply is expected in Hanoi, leading to increased competition.
Business impactJapanese companies should pay attention to changes in Hanoi's rental market and reconsider their office space selection and contract terms. In particular, flexibility in rental conditions and the provision of value-added services will be key factors in enhancing competitiveness.

Key pointsThe Airports Corporation of Vietnam (ACV) is advancing the implementation of loan agreements for the Long Thanh International Airport construction project. A high-level meeting was held to review the project's progress and financing conditions. Long Thanh Airport is scheduled to commence commercial operations in December 2026, making funding urgent.
Business impactJapanese companies should closely monitor the progress and prepare accordingly to seize business opportunities related to the development of Long Thanh Airport.

Key pointsShinhan Bank is strengthening its ecosystem to provide comprehensive financial solutions, positioning small and medium-sized enterprises (SMEs) and individual entrepreneurs as key customer segments. This addresses their needs for funding and digitalization.
Business impactJapanese companies should monitor the advancements in financial services for SMEs and explore partnership opportunities.