Flower Preparations for Tet in Vietnam Underway

Key pointsOn October 9, 2026, Vietnam Railways established an Asset Development and Transit-Oriented Development (TOD) division. This new division aims to efficiently utilize assets and increase non-transport revenue. Le Dinh Ha, former president of Saigon Railway Company, has been appointed as the head. The division will promote commercial use of land and assets and advance urban development related to public transport, enhancing railway revenue and aiming for sustainable growth.
Business impactFor Japanese companies, the development of Vietnam's railway infrastructure may impact logistics and transportation costs. Companies considering investments in railway-related projects should closely monitor future trends.

Key pointsWith less than three months until the 2027 Tet Nguyen Dan (Lunar New Year), preparations for flowers are actively underway in the flower production areas of Bac Lieu Province. Flower farmers are particularly tending to their crops to ensure blooms coincide with market demand. Southern flower villages are bustling with production for Tet.
Business impactThe preparations for Tet present significant business opportunities for agricultural-related companies. Japanese firms need to monitor trends in the flower market and consider product strategies that align with demand.

Key pointsOn October 8, 2026, in Vientiane, Laos, Mr. Hoang Quang Hiep, Chairman of the Vietnam Chemical Group (Vinachem), attended a dialogue meeting between Vietnamese and Laotian businesses and proposed the acceleration of the potash project. This project is considered a significant initiative to strengthen economic cooperation between the two countries.
Business impactJapanese companies should monitor the developments of this matter and assess the potential impacts on related transactions, contracts, and local operations.

Key pointsA delegation from the Sri Lanka Chamber of Commerce visited the Vietnam National Startup Association to enhance collaboration between businesses in both countries. Discussions focused on cooperation in trade, investment, and international market development, as well as sharing insights on business environments and market needs.
Business impactFor Japanese companies, this opens up opportunities to enter the Sri Lankan market. In particular, cooperation in agriculture and technology sectors is anticipated, making it worthwhile for related companies to consider future developments.

Key pointsSATRA is strengthening partnerships with businesses and universities to build a commercial hub in Ho Chi Minh City. Efforts are underway to secure supply chains for the 2027 Tet festival and to advance the practical application of AI research. This is expected to promote the distribution of sustainable food and consumer goods.
Business impactFor Japanese companies, collaboration with SATRA could create new business opportunities. Companies interested in the food industry and AI-related projects should closely monitor future developments.

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

Key pointsベトナムとラオスの首相は、エネルギー分野を含む重要な投資機会を探るよう企業に呼びかけました。最近の投資促進会議では、風力発電プロジェクトなどの新たな投資が発表され、両国の経済協力が強化されています。
Business impact日本企業は、ラオスでのエネルギー関連プロジェクトへの投資機会を検討し、特に再生可能エネルギー分野での参入を目指すべきです。

Key pointsNguyen Thi Phuong Thao is recruiting for positions that do not require a university degree for the operation of an aircraft maintenance center in Vietnam, which is expected to involve an investment of approximately $100 million. Workers will need to undergo basic aircraft maintenance training in accordance with the requirements of the Vietnam Civil Aviation Authority. The application period is open until October 31, 2026.
Business impactThis move indicates a diversification of skills in the labor market, suggesting that Japanese companies may need to reassess their hiring criteria, particularly in securing talent with specialized skills.