New Project Planned for Former Giầy Thượng Đình Factory Site

Key pointsThe Giầy Thượng Đình factory in Hanoi is being demolished, and a 3.6-hectare site is set to be developed into a mixed-use complex featuring residential, office, commercial facilities, and schools. The total investment is approximately 9.9 trillion VND.
Business impactThe new development plan may impact the local real estate market. Japanese companies need to monitor regional real estate trends and explore investment opportunities.

Key pointsCompanies from the US, South Korea, and the UK are seeking suppliers in Vietnam, with a particular focus on promoting exports from small and medium-sized enterprises. The International Procurement Exhibition (VIS 2026), scheduled for September 3-5, 2026, will see participation from many international companies, presenting new business opportunities for Vietnamese firms. There is a growing demand for Vietnamese agricultural and aquatic products in the South Korean market, although the current market share is only 3%. In contrast, the UK market is looking for products that emphasize sustainability.
Business impactJapanese companies need to focus on developing agricultural and sustainable products to capitalize on these market opportunities. Additionally, there is a need to strengthen export procedures and quality management.

Key pointsVietnam is entering the advanced technology supply chain, with key factors for progress being policy implementation, talent development, digitalization, and environmental considerations. Japan's Misumi has announced an investment of approximately 4.6 billion yen (about 30 million USD) to triple its production capacity for automatic positioning stages. Qualcomm and Samsung Electronics have also expressed intentions to strengthen their research and development in Vietnam. In the recent Asia Manufacturing Index (AMI 2026), Vietnam ranked third as a competitive manufacturing economy. As international recognition increases, Vietnam is enhancing the value of its manufacturing sector.
Business impactFor Japanese companies, entering Vietnam's technology supply chain presents new business opportunities. Particularly as investments in AI and electronics grow, relevant sectors need to monitor market trends and establish appropriate partnerships.

Key pointsVietnamese companies are actively expanding their own brands in response to international demand, achieving success particularly through platforms like Amazon and Alibaba. For instance, the international trading company Minh An has exported 400,000 neck fans to the United States, achieving strong sales performance. Additionally, VinaBedding is introducing natural rubber mattresses to the international market, with increasing demand in the U.S. market. This enhances the international competitiveness of Vietnamese products.
Business impactJapanese companies need to reassess local partnerships and co-branding strategies in light of Vietnamese companies' success in building brands in the international market. In particular, sales strategies utilizing e-commerce platforms will be a crucial element for enhancing competitiveness.

Japanese business summary. Read the original source for the source language.

Key pointsベトナム税務署は、事業停止状態にある企業の税番号の解決策を検討しています。多くの企業が長期間にわたり事業を停止しているにもかかわらず、税番号の手続きを完了していないため、解決が求められています。これにより、税務負担が軽減されることが期待されています。
Business impactこの動きは、日系企業にとって税務管理の改善につながる可能性があります。特に、税務手続きの簡素化が求められます。

Key pointsThe Vietnamese stock market reopened after the holiday with the VN-Index down 0.24%, but VIC stock reached a new high, pushing Vingroup's market capitalization to an all-time high. Meanwhile, LPS stock unexpectedly declined. Market trends will influence investor sentiment and the economic outlook.
Business impactJapanese companies should closely monitor this development and assess its impact on related transactions, contracts, and local operations.

Key pointsOn September 3, 2026, a workshop was held in Ho Chi Minh City during the 'VietNam International Sourcing 2026' event, focusing on the adaptation and growth of Vietnamese consumer goods in international markets. The event aims for Vietnamese companies to connect with global supply chains, emphasizing the utilization of new free trade agreements (FTAs) and the expectation of expanded economic cooperation.
Business impactJapanese companies can leverage the growth of Vietnam's consumer goods market and strengthen collaboration with local firms to gain new business opportunities. Building strategic partnerships utilizing FTAs is particularly important.

Key pointsFrom September 5 to 6, 2026, the Vietnam-Japan Local Cooperation Forum will be held in Hue City. This forum will focus on high-quality human resource development and the expansion of economic cooperation, with over 700 participants expected. The goal is to strengthen collaboration between local governments of both countries and build a sustainable future.
Business impactJapanese companies can explore new business opportunities through the forum. Companies interested in human resource development and environmentally friendly projects should consider participating.