Restructuring Plan for Vietnam Electricity Corporation (EVN)

Key pointsThe Vietnamese Ministry of Finance has submitted a restructuring plan for EVN to the government to enhance competitiveness in the electricity market. This plan includes a review of the capital structure and the separation of generation, transmission, and distribution processes. From 2026 to 2030, EVN aims to adjust its organizational model in line with the development of a competitive market while maintaining its central role in electricity supply. By the end of 2025, the national electricity supply capacity is expected to reach approximately 87,616 MW, with EVN accounting for 36.9%. This is anticipated to improve transparency in the electricity market.
Business impactFor Japanese companies, the restructuring of EVN may impact the stability of electricity supply. Attention is needed regarding changes in electricity costs and contract terms. It will be necessary to review investment plans and cost management.

Key pointsAs of September 2026, Vietnam exported 215,733 tons of pepper, exceeding $1.2 billion, with a year-on-year increase of 15.4% in volume and 10.2% in value. This indicates a recovery in pepper exports. Additionally, the first organic spice processing factory is set to be built in Cao Bang Province, which is expected to enhance the international market presence of cinnamon and spice products.
Business impactFor Japanese companies, the increase in pepper exports presents trading opportunities for related agricultural products and spices. Particularly, those in the food industry and exporters should closely monitor trends in Vietnam's pepper market.

Key pointsThe Tax Authority has instructed early warnings for businesses at risk of delays or errors in tax filings. Starting in 2026, individual entrepreneurs will be required to declare and pay taxes based on actual income, accompanied by new tax laws. The tax authorities will impose strict penalties for intentional violations while providing guidance for minor violations based on misunderstandings, without applying penalties. Support for taxpayers with age or technical constraints is particularly emphasized.
Business impactThis policy will particularly affect small and medium-sized enterprises and individual entrepreneurs. Japanese companies need to strengthen tax compliance and educate employees to mitigate tax risks. It is crucial to establish a system that can quickly respond to changes in tax laws.

Key pointsThe development of semiconductor technology and cross-border e-commerce is increasing opportunities for Vietnamese companies to enter the global value chain. The 2026 forum discussed the necessary capabilities and strategies for companies to enhance their competitiveness, emphasizing the importance of establishing a position as a reliable supplier.
Business impactJapanese companies should collaborate with Vietnamese firms to strengthen their supply chains, particularly focusing on improving technological capabilities and quality management.

Key pointsThe Hanoi City Council has proposed data integration to prevent real estate transactions at abnormally low prices. This aims to prevent price manipulation and ensure tax revenue. From 2024 to 2026, Hanoi's real estate market is shifting towards lower price ranges, with a particular focus on social housing and reasonably priced homes.
Business impactJapanese companies need to prioritize price transparency and compliance with regulations in real estate investments in Hanoi, especially to mitigate tax risks.

Key pointsIn the third quarter of 2026, Hanoi's economic growth rate recorded the highest level among the first three quarters of this year, with budget revenues continuing to perform well. Key infrastructure projects are progressing rapidly, particularly the experiential space known as the 'Silk Road of Memory,' which is attracting many tourists. Additionally, the Hanoi Ring Road No. 2.5 has technically opened, and events celebrating the Liberation Day have taken place, allowing citizens to re-experience historical moments through VR technology.
Business impactJapanese companies should closely monitor these developments and assess their impact on related transactions, contracts, and local operations.

Key pointsDuring a visit to Laos, Prime Minister Le Minh Khai urged Unitel, a brand of Viettel, to evolve from merely providing connectivity to building a digital platform. Unitel is launching new services in education, healthcare, and financial services to contribute to Laos's economic development. This aims to strengthen communication infrastructure within Laos and meet the needs of local communities.
Business impactJapanese companies should recognize the increasing demand for digital services in the Laos market through Unitel's evolution and explore related business opportunities. In particular, digitalization in the education and healthcare sectors may become a growth area in the future.

Key pointsOn October 8, 2026, Vietjet Airlines and Phenikaa University signed a memorandum of cooperation for talent development. This partnership will increase opportunities for students to receive practical education, particularly in various fields beyond the aviation industry. Vietjet is seeking talent not only for pilots and cabin crew but also in IT and business sectors, and Phenikaa University offers diverse specialized education to meet these needs. Both parties plan to discuss specific hiring numbers and financial scales in the future.
Business impactThis partnership presents a new option for Japanese companies in securing talent. It is essential to focus on talent development in the aviation and IT sectors and to reassess recruitment strategies.

Key pointsVinamilk, one of the few companies in Vietnam to maintain consumer trust for 30 years, will showcase its efforts to meet consumer expectations at the 'Vietnam Quality Products' 30th Anniversary Festival in Ho Chi Minh City from October 8 to 11. The company prioritizes quality and continuously sets new standards, including a $450,000 investment in a Swiss electric canning machine to enhance quality control. By 2023, all of its powdered milk products will meet international standards, and it aims to win the 'World Dairy Innovation Award' by 2026.
Business impactJapanese companies should monitor this trend and assess its impact on related transactions, contracts, and local operations.