Development of Maritime Safety Legislation Based on International Standards

Key pointsVingroup's Hanoi-Quang Ninh railway project has commenced the casting of its first beam with an investment of $5.6 billion. Additionally, the installation of steel columns for the world's largest stadium, which will have 135,000 seats, is underway, with residential handovers at Global Gate Halong expected in early 2027. This will accelerate regional infrastructure development and economic growth.
Business impactThis project will affect the construction industry and related supply chains, prompting Japanese companies to monitor progress and explore collaboration opportunities.

Key pointsThe Ministry of Construction of Vietnam has developed regulations concerning maritime and port safety in accordance with international maritime safety standards, issuing documents that outline specific procedures. This standardization of safety certificate issuance for Vietnamese ports and vessels is expected to enhance international competitiveness, particularly with the establishment of classification standards for Haiphong Port, emphasizing its strategic positioning.
Business impactThe development of this legislation means that Japanese companies will be able to operate in Vietnam's maritime transport and port utilization based on clearer standards. The logistics sector, in particular, will need to adapt to the new procedures.

Key pointsThe Vietnam-Cambodia Product Trade Fair (VIDEX CAMBODIA 2026) will be held in Phnom Penh, Cambodia, from October 14 to 17, 2026. According to the Vietnamese Ministry of Defense, the event aims to promote economic exchanges between the two countries, emphasizing the need to translate political trust into tangible value.
Business impactJapanese companies will find this trade fair a good opportunity to identify local business partners when considering entry into the Cambodian market.

Key pointsVietnam's social housing program is set to expand beyond 153 trillion VND, with lending expected to triple compared to the end of 2025. As demand for funding remains high, addressing supply obstacles and project progress is crucial for the rapid allocation of funds. Efforts are underway in Bac Ninh Province to strengthen the supply of social housing. However, policy gaps remain, and vigilance against misconduct related to social housing is necessary.
Business impactJapanese companies need to pay attention to funding trends and policy changes when considering investment opportunities in the social housing market, particularly in reviewing project progress management and funding strategies.

Key pointsThe Japan International Cooperation Agency (JICA) announced plans to aim for over 10 billion yen in annual financing for Vietnam in the coming years to meet the government's funding needs. JICA will strengthen cooperation in areas such as science and technology, digitalization, and corporate support, with a focus on new strategic fields like AI and space technology.
Business impactThis increase in financing will provide Japanese companies with new investment opportunities in projects, particularly expanding funding options for businesses related to technological innovation and digitalization.

Key pointsThe Japan International Cooperation Agency (JICA) has announced a support package consisting of four pillars to assist Vietnam in transitioning to a new growth model. This package aims to contribute to Vietnam's goal of becoming a high-income country by 2045. JICA has expressed its intention to further cooperation through enhanced staff training programs with the Ho Chi Minh National Academy of Politics and the expansion of volunteer activities.
Business impactThis support provides opportunities for Japanese companies to strengthen collaboration with the government in their business operations in Vietnam. In particular, the enhancement of training programs will contribute to the capacity building of local staff, which will be a factor in increasing the competitiveness of companies.

Key pointsOn October 6, 2026, Vingroup signed a contract with the French railway technology company Alstom to supply 200 driverless Metropolis vehicles for Hanoi's urban railway system. These vehicles achieve fully automated operation at GoA4 level, automating all operations during service. They are also made from lightweight aluminum alloy, which is expected to reduce energy consumption by 15% to 20%. Additionally, they feature an air conditioning system to enhance passenger comfort and real-time obstacle detection capabilities.
Business impactThis contract represents a significant step for Vingroup in modernizing Hanoi's urban transportation infrastructure and suggests business opportunities for Japanese companies in line with the future development of public transportation. Companies involved in transportation-related businesses should pay close attention to upcoming market trends.

Key pointsEVNHANOI, the electricity corporation of Hanoi, is promoting the digitalization of its power services, allowing customers to perform many procedures online. All customers are being equipped with electronic meters, enabling remote data collection, reducing manual work, and improving accuracy and transparency of information. Through a digital platform, customers can check their electricity usage in real-time, enhancing service convenience. Additionally, the introduction of AI and drone technology is streamlining the monitoring and management of the power grid, aiming to improve customer experience and build a smart and safe power network.
Business impactJapanese companies can find opportunities for efficiency and cost reduction in electricity usage due to EVNHANOI's digitalization. Furthermore, the adoption of AI and automation technologies will necessitate a review of business processes and the development of new business models.