Major Construction Accelerates Ahead of National Day

Key pointsOn September 2, 2026, Cần Thơ City held a groundbreaking ceremony for significant housing and transportation infrastructure projects to celebrate the 81st anniversary of National Day. This demonstrates a commitment to urban infrastructure development, with two infrastructure and education projects starting at approximately 720 billion VND. Additionally, a wind power project exceeding 23 trillion VND has also been initiated in Cần Thơ City. These projects are expected to contribute to urban development and alleviate traffic congestion.
Business impactThese projects may present new business opportunities for Japanese companies. In particular, construction and infrastructure-related firms should consider bidding and collaboration opportunities.

Key pointsMajor construction projects are underway across Vietnam in preparation for National Day. Many engineers and workers are working through holidays to ensure project progress, particularly in the urgent development of power infrastructure for the 2027 APEC summit.
Business impactThis situation presents significant opportunities for the construction industry and related supply chains. Japanese companies are encouraged to pay attention to project progress and build collaborative relationships.

Key pointsIn An Giang Province, approximately 15,500 technicians and workers are continuing their work during the holiday period in preparation for APEC 2027. Provincial leaders have checked the project's progress and encouraged the workers, advancing preparations for the APEC event.
Business impactJapanese companies should monitor this situation and assess its impact on related transactions, contracts, and local operations.

Key pointsLong Thanh International Airport is scheduled to begin trial operations and commercial flights by the end of 2026. Infrastructure development from Ho Chi Minh City is progressing rapidly, particularly the construction of the Thu Thiem-Long Thanh route connecting the city to the airport. This is expected to maximize the capacity of the country's largest international airport.
Business impactJapanese companies should monitor this situation and assess its impact on related transactions, contracts, and local operations.

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.