Texhong Hải Hà: 20 Years of Growth and $2.5 Billion Ecosystem Expansion

Key pointsAfter 20 years of investment in Vietnam, Texhong Group announced plans to expand the Texhong Hải Hà industrial park in Quang Ninh Province. The expansion is expected to cover approximately 500 hectares, with infrastructure investment projected to reach $250 million. The aim is to form a new ecosystem that promotes industry, energy, and digitalization.
Business impactJapanese companies should seize new business opportunities arising from Texhong's expansion. It is particularly important to consider strengthening supply chains and participating in new projects.

Key pointsHanoi's metro company announced that fares will be 100% free on two urban rail lines (Cat Linh-Ha Dong Line and Nhon-Hanoi Station Line) in conjunction with the National Day holiday on September 2. This free fare initiative will be implemented over five days from August 29 to September 2, with operating hours from 5:30 AM to 10:00 PM daily.
Business impactThis initiative aims to promote the use of public transportation, leading to reduced travel costs for employees and customers of Japanese companies. Additionally, utilizing public transport may contribute to alleviating traffic congestion.

Key pointsDuring a meeting with large corporations, the tax authorities in Ho Chi Minh City received complaints about delays in updating tax data. Companies pointed out that data related to land use tax adjustments has not been updated and are urging the tax authorities for prompt action. The tax authorities explained that the delay is due to the reorganization of tax agencies and that updates are expected to be completed by September 20.
Business impactDelays in tax data updates may impact companies' tax filings and payments. With tax filing deadlines approaching, it is crucial for companies to collaborate with tax authorities and confirm necessary procedures.

Key pointsIn preparation for the National Day on February 9, 2026, Noi Bai International Airport and Tan Son Nhat International Airport are enhancing operational plans and increasing staff to accommodate the expected rise in air travel demand, with total passenger numbers projected to reach 1.68 million.
Business impactThe increase in demand within the aviation industry presents business opportunities for the travel sector and related services. Japanese companies should focus on promoting ticket sales and revising travel packages.

Key pointsHo Chi Minh City is implementing new construction technologies for key projects such as ring roads, highways, and metro systems. The aim is to optimize social costs and minimize impacts on residents' lives. Notably, TBM technology is being used for the construction of the underground station of Metro Line 2, which is expected to alleviate traffic congestion.
Business impactThe introduction of new technologies may enhance the efficiency of construction projects for Japanese companies and lead to cost reductions. Particularly in the construction industry, adopting the latest technologies could be a factor in increasing competitiveness.

Key pointsOn August 28, 2026, Tay Ninh Province held a workshop regarding plans to promote integration into the global value chain. This plan will be implemented from 2026 to 2030, with a long-term vision extending to 2045. Deputy Prime Minister Ho Quoc Dung stated that international cooperation will facilitate Vietnam's participation in the AI value chain.
Business impactJapanese companies should closely monitor Tay Ninh Province's initiatives and consider investment opportunities, particularly in projects related to AI and digital technologies. Strategic partnerships are needed to enhance global competitiveness.