G20 Meeting Reveals Tensions, Potential Impact on Vietnam's Economy

Key pointsA wind power project named 'Thang Long Wind' has been announced off the coast of Bac Ninh Province, with a generation capacity of 3,400MW and a total investment expected to reach approximately $11.9 trillion. The project plans to expand from 600MW to 3,400MW, leveraging favorable wind speeds of 9.5-10m/s. Additionally, it aims to create a new industrial chain through collaboration with local companies, while minimizing environmental impacts on marine ecosystems.
Business impactThis project presents new business opportunities for Japanese companies. As demand for technology and services in the renewable energy sector increases, related industry firms should consider early market entry.

Key pointsDuring the G20 finance ministers and central bank governors meeting, tensions arose between the U.S. and China over 'cheap exports,' with China expressing dissent over the joint statement draft. This conflict could impact Vietnam's economy, which is highly export-dependent, especially if trade frictions with the U.S. and Europe escalate, potentially harming Vietnam's export environment.
Business impactJapanese companies may need to review their supply chains and manage risks for export-oriented businesses if U.S.-China trade tensions persist. Attention is particularly needed in export-related sectors such as textiles and electronic components.

Key pointsOn September 2, 2026, Cần Thơ City held a groundbreaking ceremony for significant housing and transportation infrastructure projects to celebrate the 81st anniversary of National Day. This demonstrates a commitment to urban infrastructure development, with two infrastructure and education projects starting at approximately 720 billion VND. Additionally, a wind power project exceeding 23 trillion VND has also been initiated in Cần Thơ City. These projects are expected to contribute to urban development and alleviate traffic congestion.
Business impactThese projects may present new business opportunities for Japanese companies. In particular, construction and infrastructure-related firms should consider bidding and collaboration opportunities.

Key pointsMajor construction projects are underway across Vietnam in preparation for National Day. Many engineers and workers are working through holidays to ensure project progress, particularly in the urgent development of power infrastructure for the 2027 APEC summit.
Business impactThis situation presents significant opportunities for the construction industry and related supply chains. Japanese companies are encouraged to pay attention to project progress and build collaborative relationships.

Key pointsIn An Giang Province, approximately 15,500 technicians and workers are continuing their work during the holiday period in preparation for APEC 2027. Provincial leaders have checked the project's progress and encouraged the workers, advancing preparations for the APEC event.
Business impactJapanese companies should monitor this situation and assess its impact on related transactions, contracts, and local operations.

Key pointsLong Thanh International Airport is scheduled to begin trial operations and commercial flights by the end of 2026. Infrastructure development from Ho Chi Minh City is progressing rapidly, particularly the construction of the Thu Thiem-Long Thanh route connecting the city to the airport. This is expected to maximize the capacity of the country's largest international airport.
Business impactJapanese companies should monitor this situation and assess its impact on related transactions, contracts, and local operations.

Key pointsHo Chi Minh City opened a new 1.4km road on September 2, 2026, connecting Luong Ngoc Quyen Street in the Anh Nhuong area to the Vam Thuat River. The city administration aims to complete this project by 2027, with 900 households providing land for construction.
Business impactThis infrastructure development is expected to improve the transportation network in Ho Chi Minh City and enhance logistics efficiency. Japanese companies should consider utilizing this new road to optimize their logistics and transportation operations.

Key pointsUS stocks have declined for three consecutive days, and oil prices have surged by 5%, raising concerns about the impact on Vietnam's economy. The effects on the VN-Index, exchange rates, and foreign investment trends are being analyzed, which may also influence investor sentiment.
Business impactJapanese companies need to reassess cost management due to fluctuations in oil prices affecting logistics and manufacturing costs. Additionally, attention to exchange rate risks is necessary.

Key pointsHa Tinh Province held an investment promotion conference in Moscow on September 1, 2026, emphasizing the expansion of cooperation in economic, trade, and investment sectors based on the traditional friendship between Vietnam and Russia. The province is particularly calling for investments in high-tech industries, logistics, and tourism, with Russian participants showing interest in Vietnam's economic development.
Business impactJapanese companies can strengthen their access to the Russian market by leveraging investment opportunities in Ha Tinh Province. Strategic investments in high-tech and logistics sectors are essential for enhancing competitiveness.