Construction of Ring Road 3 in Dong Nai Province Accelerates

Key pointsConstruction of the Dong Nai Province section of Ho Chi Minh City's Ring Road 3 is accelerating, aiming for completion by October 2026. The project management bureau is enhancing efforts to monitor progress and resolve issues.
Business impactThe completion of this road will contribute to the efficiency of logistics and transportation, positively impacting the business activities of Japanese companies. It will be particularly important infrastructure for the manufacturing and import-export sectors.

Key pointsVingroup's founder, Pham Nhat Vuong, has proposed a grand architectural project that includes a 135,000-seat stadium, an 800-hectare artificial lake, and 300 tennis courts. These projects are positioned as part of a multi-billion dollar large-scale development. Notably, the International Sports City project in Hanoi is expected to attract an investment of 925 trillion VND (approximately 18 billion USD) and is projected to accommodate 751,000 residents, with completion scheduled for July 2027.
Business impactSuch large-scale projects present new business opportunities for Japanese companies. Particularly, the construction industry and related services can potentially generate revenue by participating in these projects. Companies need to closely monitor these trends and develop appropriate strategies.

Key pointsOn August 20, 2026, Vinamilk, a Vietnamese dairy company, was awarded the Independence Medal in Ho Chi Minh City. This award recognizes the company's contributions to the country's development over the past 50 years. Vinamilk has contributed to the growth of Vietnam's dairy industry through market expansion both domestically and internationally, as well as by providing high-quality dairy products. The company is expected to further enhance its international brand power by advancing sustainable development and transitioning to a digital economy.
Business impactFor Japanese companies, Vinamilk's success serves as a prime example of competitiveness in the Vietnamese market. Particularly in the food industry, the importance of quality management and brand strategy is increasing, necessitating a reassessment of these elements.

Key pointsOn August 20, 2026, the Deputy Prime Minister of Vietnam instructed banks to implement measures to ensure that export companies can secure credit. As of the end of July, exports reached $319.7 billion, a 21.7% increase compared to the same period last year, although the trade balance shows a deficit of approximately $20.3 billion. To promote exports, the Ministry of Industry and Trade is required to assist companies in accessing modern distribution systems.
Business impactJapanese companies should pay attention to improvements in credit access for export activities, which may affect future transactions and lending conditions.

Key pointsThe plan for a new connection route to the TP.HCM - Trung Luong Expressway is being reevaluated. The Vietnam Road Administration has rejected the connection proposal, prompting investors to seek alternative connection methods. This project is expected to facilitate traffic flow and contribute to regional economic development.
Business impactJapanese companies need to monitor the progress of infrastructure development to optimize logistics and supply chains.

Key pointsThe Vietnam National Tourism Administration has announced a new policy aiming for 45 to 50 million tourists by 2030. This shift will move the tourism industry from merely increasing visitor numbers to promoting tourist spending. As the industry grows, there is a demand for high-quality service provision.
Business impactJapanese companies need to develop new services and products to enhance tourist spending. It is particularly important for businesses related to tourism to reassess their strategies according to customer needs.