Investment Promotion Conference Held in Russia by Ha Tinh Province

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.

Key pointsVietnam has set ambitious growth targets based on the achievements of 40 years of reform, aiming to enhance economic independence, strengthen corporate power, and improve citizens' living standards. A transformation of the economic model is required, emphasizing growth based on science, technology, and innovation, with plans to become a modern industrial nation by 2030 and a developed country by 2045. This is expected to lead to sustainable growth and improved international competitiveness.
Business impactJapanese companies need to reassess their investment strategies in line with Vietnam's economic growth. Capturing business opportunities in science, technology, and innovation sectors is crucial, along with focusing on improving workforce quality and productivity as the economic model transforms.

Key pointsROX Group reflects on its 30 years of growth in Vietnam and is currently participating in large-scale projects in Central Asia. Through its experiences since inception, the company has built trust and achieved operations in line with international standards. Currently, ROX is developing 14 industrial parks, creating over 82,000 jobs, and attracting more than 600 investors.
Business impactROX's growth serves as an important reference for Japanese companies. In particular, building long-term trust and adapting to international standards are key factors for enhancing competitiveness. Companies need to focus on talent development and organizational culture transformation, similar to ROX.

Key pointsProjects for APEC 2027 are ongoing across Vietnam even during national holidays. Notably, on Phu Quoc Island, approximately 15,500 workers are continuing construction, with significant building activities taking place. In Hanoi, work on the Tran Hung Dao Bridge is progressing, with the first steel installation completed. These constructions are part of essential infrastructure development for the APEC event.
Business impactFor Japanese companies, the progress of these constructions may impact investment plans and project schedules. Companies involved in the construction sector need to focus on securing labor and adhering to deadlines.

Key pointsVietnam is rapidly growing as a fruit supplier to China, currently holding a market share of approximately 15.8%, closely following Chile. In the first half of this year, China imported about $2.16 billion worth of fruits from Vietnam, marking a 19.3% increase compared to the same period last year. Notably, durian exports have been strong, reaching around $988 million, accounting for half of the total export value. Geographical advantages contribute to low transportation costs and ease of quality preservation. Future demands will focus on quality management and diverse product offerings.
Business impactJapanese companies need to strengthen collaboration with local farmers and cooperatives in response to the growth of Vietnam's fruit exports, establishing a stable supply system. Additionally, it is crucial to ensure thorough quality management in preparation for stricter regulations in the Chinese market.

Key pointsVietnam's first $3 trillion oil refinery, the Dung Quoc Refinery, received 1.25 million barrels of crude oil during the National Day celebrations. This refinery accounts for about 30% of the country's oil demand and has ensured stable supply through this crude oil intake.
Business impactThe stable operation of this refinery indicates energy supply reliability for Japanese companies, making it a crucial factor for future business developments.