Viettel Global Announces Dividend of 10.044 Trillion VND

Key pointsViettel Global has announced a dividend payment of 33% for the fiscal year 2025, amounting to approximately 10.044 trillion VND. The dividend is scheduled to be paid on October 15, 2026, with Viettel holding 99.03% of the shares.
Business impactJapanese companies should monitor this development and assess its impact on related transactions, contracts, and local operations.

Key pointsThe Rixos Phu Quoc Vietnam project on Phu Quoc Island involves 3,000 engineers and workers daily. This project aims to create a new tourist destination that blends construction technology with the culture of Phu Quoc. The construction is scheduled for completion in November 2026, featuring 1,491 accommodations, including 321 suites.
Business impactThis project presents new business opportunities in the tourism and hospitality sectors. Japanese companies should seize opportunities to provide tourism-related services and products.

Key pointsMexico has decided to impose a $285.5 anti-dumping duty on Hòa Phát's hot-rolled steel sheets (HRC). This duty represents about half of the global steel prices, significantly undermining Hòa Phát's competitiveness. However, the Mexican market is relatively small for Vietnam's overall steel exports, and the impact is considered limited.
Business impactJapanese companies need to pay attention to trade barriers faced by firms like Hòa Phát. In particular, there may be a need to reassess export strategies as other countries could take similar measures.

Key pointsIn the Vietnamese stock market, after a sharp decline in the VN-Index, the trading volume on both exchanges dropped to 5.09 trillion VND (approximately 308.5 million USD) during morning trading. While selling pressure has diminished, there has been no confirmation of a buying rebound. Market participants are trying to gauge the next move, particularly as the VN-Index's trend is a crucial indicator for those considering investment in Vietnam.
Business impactFor Japanese companies, the short-term fluctuations in the stock market have minimal direct impact; however, they should consider it as a reference for measuring supply chain and local consumption trends. Notably, when investing through mutual funds, the recent sharp decrease in trading volume may serve as a key factor in determining entry timing.

Key pointsMajor global investment funds are actively purchasing Vietnamese bonds. Many banks, including state-owned banks, are raising deposit interest rates, indicating an increase in funding costs. This trend reflects a turning point in Vietnam's financial environment and serves as important reference material for individual investors.
Business impactFor Japanese companies, the rise in local funding costs will necessitate a review of working capital and capital investment plans. It is particularly important for the manufacturing sector to closely monitor interest rate trends.

Key pointsSecurities company SHS analyzed that the inflow of foreign investment, the state-owned enterprise stock divestment plan, and the corporate performance outlook for Q3 2026 are three factors that will boost the Vietnamese stock market in September. In particular, continued net buying by foreign investors due to the FTSE upgrade is expected to significantly influence market trends.
Business impactFor Japanese companies, the upgrade of the capital market may affect the fundraising environment and the credit assessment of partner companies. Especially, companies involved in the supply chain need to pay attention to the strengthening of local companies' financial foundations.

Key pointsHo Chi Minh City has signed a cooperation agreement with eight provinces and cities in the northern and north-central regions for economic and social development from 2026 to 2030. The agreement aims to concentrate resources on economy, tourism, agriculture, science and technology, and commerce to enhance regional competitiveness. Ho Chi Minh City aims to maintain its growth and contribute to regional development.
Business impactThis agreement signifies strengthened inter-regional cooperation for Japanese companies, with expectations for expanded business opportunities. Special attention is needed to seize cooperation opportunities, particularly in tourism and agriculture-related sectors.

Key pointsAsia Commercial Bank (ACB) and the University of Economics Ho Chi Minh City (UEH) have signed an agreement to launch the ACB - Tran Mon Hung Scholarship Program. This program is jointly promoted by ACB and the family of Tran Mon Hung, aiming to foster youth development through educational support. An initial fund of 30 billion VND (approximately 1.5 million USD) has been provided, allowing students to participate in internships and mentorship programs at ACB. Additionally, ACB and UEH plan to conduct joint research on fintech and sustainable economic development.
Business impactThis program contributes to ACB's talent development strategy and is a crucial step in securing excellent candidates for future recruitment activities. Japanese companies should also seek opportunities to cultivate talented individuals through partnerships with such educational institutions.

Key pointsOn September 8, 2026, the seminar 'SIGEP vươn ra thế giới – Hành trình tại Việt Nam' held in Ho Chi Minh City offered F&B industry companies and experts the opportunity to learn about international trends and new technologies, as well as to expand connections with overseas partners. Information was shared regarding product exports from Italy and market trends, along with an introduction to SIGEP World, which will be held in Italy in 2027.
Business impactThis seminar presents an opportunity for Japanese companies to strengthen access to international markets. It is essential to consider strategies that leverage the quality and safety of Italian products to enhance competitiveness.

Key pointsUOB Bank forecasts that the Federal Reserve Board (FRB) will maintain its policy interest rates until the end of 2026. This prediction examines the potential effects on the Vietnamese economy and the exchange rate of the dong. A stable interest rate may influence foreign investment and trade in Vietnam, particularly affecting the competitiveness of Vietnamese companies amid expectations of stable exchange rates.
Business impactFor Japanese companies, the FRB's interest rate policy directly impacts funding costs and exchange rate risks. Companies engaged in import and export activities need to closely monitor exchange rate trends and implement risk hedging strategies.