Quang Ngai Province: Meeting with Businesses and Investors

Key pointsAt the VRT&CON International Exhibition held in Hanoi in 2026, the THACO Group, led by Tran Ba Duong, and South Korea's Hyundai Rotem jointly unveiled the next-generation high-speed train model EMU-370. This new train, designed for commercial operation, is 200 meters long, can carry 479 passengers, and reaches a maximum speed of 370 km/h. Expectations for future commercial operations are high.
Business impactFor Japanese companies, advancements in Vietnam's transportation infrastructure could enhance logistics and mobility efficiency, facilitating business expansion. Securing rapid transportation means is particularly important in manufacturing and import-export operations.

Key pointsNew urban models such as Transit-Oriented Development (TOD), polycentric cities, port cities, airport cities, creative cities, and data cities are being proposed. These cities are expected to serve not just as residential areas but as new growth engines for Vietnam. Notably, the construction of Long Thanh International Airport is underway, set to join the global aviation map by 2026. This airport is anticipated to function as Vietnam's largest hub airport, significantly contributing to economic development.
Business impactJapanese companies can expand business opportunities by engaging in these new urban developments. It is particularly important to consider investments in infrastructure and related industries.

Key pointsOn October 12, 2026, the Quang Ngai Provincial People's Committee held a meeting with businesses and investors to commemorate Vietnam Business Day. This meeting served as a platform to express gratitude for the contributions of businesses and investors and to facilitate the exchange of opinions. In the first nine months of 2026, Quang Ngai Province recorded the third highest growth rate among six provinces in the South Central Coast and Central Highlands regions. The Secretary of the Quang Ngai Provincial Party Committee called for proactive actions towards achieving goals.
Business impactThis meeting presents a good opportunity for Japanese companies to understand the local business environment and expand their networks. Companies involved in Quang Ngai Province's growth strategy should be attentive to future investment opportunities.

Key pointsIn Bac Ninh Province, the cooperative economy plays a crucial role in the development of agriculture and services. Currently, there are about 2,100 cooperatives with over 120,000 members. These cooperatives are transitioning from traditional models to value chain-based production and are adopting advanced technologies. Particularly in agriculture, cooperatives are utilizing new technologies to enhance income.
Business impactJapanese companies have opportunities to leverage local resources and build sustainable business models through collaboration with cooperatives in Bac Ninh Province. Partnerships with cooperatives are especially important in agriculture-related businesses.

Key pointsVietnam Airlines announced that it will operate direct flights between Hanoi and Ahmedabad, India, four times a week starting November 3, 2026. This will increase the airline's total weekly flights to India to 25. Ahmedabad becomes the fifth destination for Vietnam Airlines in India, expected to enhance tourism and business exchanges between the two countries.
Business impactJapanese companies may find expanded business opportunities due to improved access to the Indian market. Particularly, companies considering trade and investment with India should leverage the increased flights to ensure swift logistics.

Key pointsTo celebrate tax policy compliance in 2025, the tax authority in Vietnam awarded recognition to companies. This acknowledges the companies' responsibilities towards the national budget and their contributions to socio-economic development. The tax authority aims to enhance support for companies in managing tax risks and increasing transparency.
Business impactJapanese companies need to recognize that tax compliance directly impacts their credibility and should strengthen their tax risk management. It is crucial to implement appropriate measures, especially in light of the requirements for compliance with tax-related regulations.

Key pointsThe expansion project of the expressway connecting Ho Chi Minh City and My Thuan is scheduled to start by the end of 2025, but there are challenges related to land acquisition and procurement of construction materials. This project is expected to contribute to the improvement of regional transportation infrastructure, but delays necessitate urgent measures.
Business impactJapanese companies need to monitor the progress of this project as it may impact logistics and supply chains, prompting a review of alternative routes and material procurement.

Key pointsStarting October 12, 2026, the Hanoi-Lao Cai Railway will operate new SP15/SP16 passenger trains, providing three round trips daily. This increase in service aims to meet rising travel demand and improve access to tourist destinations in Lao Cai Province. The new schedule features mainly nighttime departures from Hanoi, with arrivals in Lao Cai the following morning, facilitating easier travel planning for tour operators.
Business impactThis increase in service may contribute to the expansion of the tourism sector for Japanese companies, presenting new customer acquisition opportunities, particularly for travel-related businesses. Improved transportation is also expected to positively impact logistics and service industries.