CII Issues Bonds at 14.5% Interest Rate

Key pointsCII (Ho Chi Minh City Infrastructure Investment Joint Stock Company) has decided to issue bonds worth up to 2 trillion VND. The issued bonds will have a fixed interest rate of 11.5% for the first four interest calculation periods, and a variable interest rate of the base rate plus a margin of 4.8% will apply from the fifth period onwards. CII plans to use these funds for repaying bank loans. Additionally, CII is also issuing public bonds worth 67.2 trillion VND aimed at investing in other infrastructure projects.
Business impactThis bond issuance indicates CII's active involvement in infrastructure projects, highlighting the need for Japanese companies to remain vigilant for investment opportunities in infrastructure.

Key pointsBac Ninh Province forecasts a 10.30% increase in Gross Regional Domestic Product (GRDP) over the first nine months of 2026, ranking 10th among 34 provinces and cities nationwide and leading in growth in the southern region. The province has set an annual growth target of 10% to 10.5% and is seeking new growth drivers through economic forums.
Business impactThis growth indicates business opportunities for Japanese companies in Bac Ninh Province. Companies considering investments in manufacturing and infrastructure should develop strategies to leverage the region's growth.

Key pointsThe 'Global Sportia' project, located in southern Hanoi, spans approximately 9,200 hectares with a total investment expected to reach 925 trillion VND (about 1 trillion yen). This project includes a stadium with 135,000 seats, which may begin sales by the end of 2026 or early 2027. Vinhomes holds 35% of the economic benefits from this project, with early monetization anticipated.
Business impactJapanese companies should monitor developments in this matter and assess the potential impacts on related transactions, contracts, and local operations.

Key pointsIn September 2026, VinFast sold 177,697 electric vehicles, exceeding its previous annual sales record of 175,099 units from 2025. This achievement surpassed the total sales of Toyota, Mitsubishi, Ford, Kia, and Mazda. As demand for electric vehicles rises in the Vietnamese market, VinFast is experiencing rapid growth.
Business impactThis result suggests opportunities for Japanese companies in the electric vehicle sector within the Vietnamese market. Companies supplying automotive parts and charging infrastructure need to closely monitor future market trends.

Key pointsSang Phu Quoc Airlines (SPA) recorded an on-time departure rate (OTP) of 86.8% in September 2026, the highest among Vietnamese airlines, surpassing the industry average of 78.4% by 8.4 points. The airline has also commenced commercial operations of the Airbus A330 and officially implemented its Central Load Control (CLC) system.
Business impactThis result demonstrates the competitiveness of the aviation industry and may influence logistics strategies of Japanese companies. In particular, the assurance of on-time operations is expected to enhance supply chain reliability and improve business efficiency.

Key pointsThe restructuring plan for the Vietnam Electricity Corporation (EVN) proposed by the Ministry of Finance aims to maintain the current transmission model while gradually separating distribution and retail. However, the Ministry of Industry and Trade disagrees with some aspects of the proposal. The Ministry of Finance seeks to develop EVN into a strong state-owned enterprise that ensures the security of electricity supply, with plans to complete cost separation by the end of 2027 and transition the retail sector to independent companies after 2030. The Ministry of Industry and Trade has proposed integrating part of EVN's generation sector into a national strategic power company.
Business impactThis restructuring plan may impact the stability of electricity supply and cost structure for Japanese companies. As transparency in electricity costs is increasingly demanded, businesses need to monitor trends in the new electricity market and consider appropriate contracting strategies.

Key pointsHue City has introduced three digital platforms on the Hue-S platform to celebrate the National Digital Transformation Day and Vietnam Enterprises Day. This initiative aims to improve transparency and efficiency by providing a new channel for receiving proposals from businesses and sharing information about investment projects. The head of the city's Department of Science and Technology stated that these platforms are built based on the specific needs for the city's development. Proposals will be evaluated for feasibility and used to inform policy-making.
Business impactThis initiative may expand investment opportunities for Japanese companies in Hue City. Businesses can quickly access information through the digital platforms and are expected to contribute to the city's development by submitting proposals.