Port Construction Plan Worth 45 Trillion VND Launched in Hai Phong

Key pointsIn Hai Phong, CTCP Đầu tư Cảng Lạch Huyện announced a plan to invest 45 trillion VND in the construction of four ports. The project is divided into two phases, with the construction of berths 9 and 10 scheduled for completion by 2030, and berths 11 and 12 planned for 2031 to 2035. The company is proceeding with procedures to start construction within 2026.
Business impactThis large-scale infrastructure investment presents new business opportunities for related Japanese companies, particularly in the construction and logistics sectors.

Key pointsThe Bank of Japan will hold a monetary policy meeting on September 17-18, and there are concerns that failure to meet market expectations could lead to further depreciation of the yen. A weaker yen may affect Vietnamese export companies and transactions with Japan, potentially impacting the dong exchange rate and foreign investor capital flows. This is particularly significant for Japanese investors as yen capital flows are linked to investment flows into Southeast Asia.
Business impactIf the yen depreciates, the cost of remittances from Japan to Vietnamese subsidiaries may increase, and there could be impacts on foreign exchange gains and losses when converting dividends to yen. The complexity of yen-denominated procurement and labor costs may necessitate a review of investment plans, especially affecting the manufacturing and logistics sectors.

Key pointsThe Federal Reserve (Fed) is likely to decide on a rate hike on September 15 and 16, with over 90% probability of a 0.25-point increase. If implemented, this would be the first rate hike in over three years. In Vietnam, short-term impacts are expected to be minimal, but the USD rate hike may exert pressure on the VND. Additionally, the Bank of Japan's policies are also under scrutiny, as both countries' monetary policies could affect international liquidity.
Business impactFor Japanese companies, the Fed's rate hike may narrow the interest rate differential between the VND and USD, potentially limiting the flexibility of Vietnam's monetary policy. Sectors sensitive to funding and exchange rate risks should closely monitor future developments.

Key pointsIn HCMC, the urban development law is providing new investment opportunities for parking facilities. Notably, land rental fees for parking lots will be waived, allowing up to 25% of the area to be used for services. This makes it easier for investors to advance parking development.
Business impactFor Japanese companies, parking development in HCMC presents new business opportunities. As there is a growing demand for multifunctional parking and expanded services, a reassessment of investment strategies is necessary.

Key pointsCompanies such as Watersilk and CleverUp, owned by Vietnam's Tân Mai Group and VINAPACO, were found to have numerous violations regarding land management and usage in a government audit. It was revealed that proper management and verification of land usage were lacking, leading to waste and misuse of land. The audit results call for accountability from those involved.
Business impactJapanese companies must strictly adhere to regulations regarding land management and usage. There is a heightened legal risk for violations, particularly in the formulation of land use plans and conducting audits.

Key pointsOn September 16, the international exhibition 'Viet Industry - Cleanfact & RHVAC Vietnam 2026' was held in Vietnam, featuring over 500 booths from 300 domestic and international brands. The exhibition presented solutions for high-tech projects related to investment, construction, and operation.
Business impactJapanese companies should closely monitor this trend and assess its impact on relevant transactions, contracts, and local operations.