Vietnam's Airport Terminal Design Showcased in Singapore

Key pointsThe international airport terminal 'Gia Bình', planned for construction in Bac Ninh Province, was introduced at the Passenger Terminal Expo Asia 2026 held in Singapore. The design, by the American architectural firm Skidmore, Owings & Merrill (SOM), is known for its work on the world's tallest building, Burj Khalifa. The terminal features a 'water garden' theme, reflecting Vietnam's nature and culture. The airport is expected to handle 30 million passengers by 2030, with plans for expansion to 50 million. The project is projected to require an investment of 196.378 trillion VND.
Business impactThis project will contribute to the development of Vietnam's aviation infrastructure, enhancing logistics and transportation efficiency for Japanese companies. Particularly, the improvement of airport functions will be a crucial factor in line with the expansion of international business.

Key pointsThe company that pays the most taxes in Vietnam's agricultural sector is expected to exceed $2 billion in exports by 2025. This company is praised as the 'King of Agricultural Products in Vietnam.' Agricultural exports play a crucial role in the Vietnamese economy, with anticipated growth in the future.
Business impactThe increase in agricultural exports presents new business opportunities for Japanese companies. In particular, firms considering investments or partnerships in agriculture should closely monitor this trend.

Key pointsHai Phong Customs has positioned drug smuggling prevention as a key mission and is enhancing risk analysis. The risk of drug smuggling is increasing in Hai Phong, a hub of international trade, prompting customs to conduct early warnings through information analysis. Over the past nine months, they have implemented plans related to drug control and strengthened data analysis to identify high-risk routes and targets. This has led to enhanced customs monitoring and measures to prevent drug smuggling.
Business impactJapanese companies need to review their risk management in export and import procedures due to the strengthened drug control measures by customs. Compliance with drug-related regulations will be required, necessitating careful attention from legal departments.

Key pointsVietnam's customs has entered a new phase of strengthening risk management to support corporate compliance. This aims to achieve appropriate management of high-risk targets while promoting trade for businesses. The level of compliance of companies has become a crucial factor in risk assessment, and customs is continuously monitoring the compliance status of businesses. This will streamline customs procedures and contribute to cost reduction for companies.
Business impactJapanese companies must adapt to the new risk management policies of customs. Strengthening compliance will be essential, making it important for legal departments to review adherence to relevant regulations.

Key pointsAt the 7th ASEAN Economic Forum held in Singapore, Amway Vietnam was awarded in two categories: Outstanding Enterprises and Famous Brands. This recognition reflects the company's long-term growth potential, investment in scientific quality improvement, and sustained contributions to the local community. Amway has the 9th largest sales in the Vietnamese market and invests in infrastructure to support over 200,000 salespeople.
Business impactJapanese companies should reference Amway's success story to formulate long-term growth strategies. It is particularly important to recognize that contributions to the local community and scientifically-based product development can enhance brand value.

Key pointsIn Vietnam, the economy is expanding, and the number of businesses is increasing. By September 2026, an additional 16,800 companies are expected to be established, marking an approximately 50% increase compared to the same period last year. This is accelerating Vietnam's economic growth.
Business impactJapanese companies should closely monitor this trend and assess its impact on related transactions, contracts, and local operations.

Key pointsT&T Group has initiated the 495MW wind power project 'Savan 2' in Savannakhet Province, aiming to form a total of 1GW of wind power capacity. This project is a crucial step to support Vietnam's electricity demand, with plans to enhance power supply by 2026. Building on the success of Savan 1, Savan 2 is expected to commence commercial operations by the end of 2028.
Business impactJapanese companies should strengthen energy cooperation with Laos through T&T Group's project and explore opportunities for sustainable energy investments. Investment in the energy sector is particularly important as the stabilization of power supply is increasingly required.