Minister Luong Tam Quan Meets Mastercard Executive

Key pointsOn September 15, 2026, at the 'Vietnam's Largest Taxpayer' award ceremony held in Hanoi, VPS Securities Corporation (HOSE: VCK) was honored as the company that paid the most taxes among Vietnamese securities firms. It was also confirmed to be among the top 23 private companies nationwide. This is expected to further strengthen VPS's position within the industry.
Business impactVPS's tax payment record serves as an indicator of reliability and stability in the Vietnamese market for Japanese companies. It is particularly important to monitor VPS's trends from the perspective of tax strategy and compliance.

Key pointsAnalysis reveals that stock valuations in major sectors of the Vietnamese stock market are below historical averages. Sectors such as banking, real estate, consumer goods, and industry are particularly undervalued, presenting a buying opportunity for investors during this adjustment phase. The trend of the VN-Index is also under scrutiny.
Business impactFor Japanese companies, the undervalued phase of the stock market may impact fundraising costs and the stock valuation of partner companies. In particular, companies located in industrial parks on the outskirts of Hanoi need to closely monitor future market trends.

Key pointsTechcombank has been awarded 'Best Bank in Vietnam 2026' by the international financial magazine Euromoney, marking its sixth consecutive win. This recognition reflects the bank's high customer service, financial products, and operational efficiency. Techcombank plays a significant role in Vietnam's financial market, with continued growth expected.
Business impactThe award signifies Techcombank as a reliable financial partner for Japanese companies. Businesses considering funding or loans should strengthen their relationship with Techcombank.

Key pointsOn September 14, 2026, Minister Luong Tam Quan met with Mastercard Vice President John Mead Huntsman Jr., expressing hopes for the company to bridge the public and private sectors in Vietnam. The minister emphasized Mastercard's crucial role in digitalization and cybersecurity, indicating a desire to promote long-term cooperation with international firms. Mastercard is projected to record approximately 32.8 trillion yen in sales by 2025, with a current market capitalization of about 500 trillion yen.
Business impactThis meeting suggests new business opportunities for Japanese companies in advancing digitalization and enhancing cybersecurity. In particular, sectors such as financial services and IT should explore new market opportunities through collaboration with Mastercard.

Key pointsThe logistics industry is rapidly changing due to the explosive growth of e-commerce and multi-channel retail. Logistics networks need to be reorganized based on product distribution, connecting production areas with consumption areas. It is particularly important for each stage to function in coordination to enhance logistics efficiency.
Business impactJapanese companies need to closely monitor changes in logistics within the Vietnamese market and optimize their supply chains. With the expansion of e-commerce, there is a need to improve last-mile delivery efficiency, necessitating a review of logistics strategies.

Key pointsIt has been revealed that drivers working for ride-hailing apps in Vietnam are forced to work long hours of 13 to 15 hours a day. The absence of a holiday system and social security, along with a penalty system for declining ride requests, drives drivers into long working hours. This situation highlights vulnerabilities in the labor structure of the Vietnamese economy and is an important issue for potential investors.
Business impactFor Japanese companies, ride-hailing and logistics services are closely related to daily operations, and labor environment issues may impact service quality and supply chain stability. It is essential to pay attention to this issue in supply chain management.

Key pointsVietnam is deepening its integration into the global economy by leveraging 17 free trade agreements (FTAs). There is an improvement in manufacturing capabilities, corporate vitality, and access to international markets. By 2026, electronics are expected to become the main export, with total exports projected to exceed $475 billion.
Business impactJapanese companies need to capitalize on the growth of Vietnam's manufacturing sector to strengthen their supply chains. It is particularly important to reassess strategies to meet increasing demands for environmental standards and traceability.