TPBank Completes Foundation for IRB Implementation, Confidently Advances to Regulatory Transition Phase

Key pointsTPBank is expanding safely and efficiently, optimizing capital utilization against a backdrop of strong financial indicators. After completing the Standardized Approach (SA) early, TPBank has established a crucial foundation regarding capital, data, risk measurement models, technology, and governance, aiming to transition to the Internal Ratings-Based (IRB) approach in accordance with the regulations of the State Bank of Vietnam by 2027.
Business impactJapanese companies need to focus on risk management and capital efficiency in their dealings with TPBank and adapt to upcoming changes in financial services.

Key pointsWhile the Federal Reserve's interest rate hike policy is exerting some pressure on the currency market, UOB experts maintain a positive outlook for the Vietnamese Dong towards 2026-2027. The State Bank of Vietnam's (NHNN) flexible monetary policy and proactive management techniques have effectively mitigated the risks of currency depreciation, although external macroeconomic challenges remain.
Business impactJapanese companies should strengthen their currency risk management and closely monitor exchange rate trends, particularly as they may be affected in their import and export operations.

Key pointsOn September 17, 2026, the Vietnamese flag was displayed on the large screen of the New York Stock Exchange (NYSE) with the message, "Congratulations Vietnam! From Frontier to Emerging Market." This celebration marks the upgrade of Vietnam's stock market to an emerging market by FTSE Russell, showcasing the country's economic growth and international trust. Alex Hong from NYSE praised the efforts of the Vietnamese people, government, and businesses, expressing expectations for improved market liquidity and expanded access to international capital.
Business impactThis upgrade is likely to promote foreign investment inflows into the Vietnamese market, providing new business opportunities for Japanese companies. Companies involved in the capital market should closely monitor future trends and reassess their strategies.

Key pointsThe Federal Reserve (Fed) raised interest rates by 0.25 points, setting the federal funds rate range at 3.75% to 4%. As a result, global gold prices reached $4,360 per ounce, and both the U.S. and Vietnamese stock markets saw gains. Notably, the U.S. stock market was driven by technology stocks, with the Dow Jones Industrial Average rising by 0.61%. The VN-Index in Vietnam also reached 1,822.77 points, indicating expectations for a short-term upward trend.
Business impactJapanese companies need to consider the increased cost of financing due to rising interest rates and the impact of currency fluctuations. Particularly in import and export operations, managing risks related to gold price fluctuations is crucial.

Key pointsViettel and CMC have filed a complaint with the Ministry of Industry and Trade regarding EVN's application of commercial electricity rates to data centers. EVN explained that while production electricity rates are applied in other regions, different rates are applied in specific areas. The operating costs for data centers have increased by over 50%, which could severely impact the country's digital infrastructure.
Business impactJapanese companies may face challenges in maintaining IT infrastructure due to rising operating costs for data centers. It is essential to reassess strategies for cost management and ensuring stable electricity supply.

Key pointsTechcombank will announce its asset management solution 'Techcom Wealth' on September 19, discussing intergenerational asset management and preservation. Currently, there are approximately 1,233 affluent individuals in Vietnam, with this number expected to increase by 59% by 2031. As a new generation of affluent individuals emerges, the demand for asset management is rising.
Business impactJapanese companies need to understand the asset management trends in the Vietnamese market and strengthen services aimed at high-net-worth individuals. The financial sector should consider offering services tailored to customer needs.