Siemens Announces High-Speed Rail Project in Vietnam

Key pointsSiemens Mobility has signed a contract to supply 10 Velaro Novo high-speed trains to VinSpeed, which are set to operate between Hanoi and Halong, as well as between Ho Chi Minh City and Can Gio. This will reduce travel time from Hanoi to Halong to approximately 23 minutes, significantly improving the current duration of over 2 hours. The new trains are designed to reach a maximum speed of 350 km/h and reduce energy consumption by 30%. Siemens will also provide technology to advance automation in operations.
Business impactThis project signifies improvements in transportation infrastructure for Japanese companies, with expectations of reduced logistics costs and enhanced market access. Particularly in manufacturing and import-export operations, faster transportation will enhance competitiveness.

Key pointsVietnam's offshore wind power is gaining attention as a key industry contributing to economic growth. Vu Binh Tan from the International Wind Energy Association emphasized that offshore wind power not only supports electricity supply but also promotes the development of related industries and services. Vietnam aims for approximately 17GW of offshore wind power by 2035, which will expand the market size and increase investment opportunities. A stable market environment and clear growth strategies are needed.
Business impactJapanese companies need to closely monitor Vietnam's policies and market trends when considering investments in offshore wind power projects and related services. Particularly, building a stable supply chain is crucial.

Key pointsThe Aeon Group of Vietnam has officially opened the mid-sized shopping center 'Aeon Hai Zai' in the Takhoi area of Hai Phong City. This is the first mid-sized shopping center in the Red River Delta region and the 10th store of the Aeon Group in Vietnam. The total area exceeds 38,000 square meters, featuring Aeon's direct-operated store and 37 specialty shops. Local Deputy Mayor Tran Van Quan expressed hopes that this center will contribute to the regional economy based on Aeon's experience and reliability.
Business impactThe opening of this new shopping center presents new business opportunities for Japanese companies. It is expected to serve as a platform for distributing local agricultural products and goods, contributing to the establishment of supply chains.

Key pointsIn the first nine months of 2026, China (including Hong Kong) contributed approximately 62% to the growth of Vietnam's seafood exports. Seafood exports reached $1.11 billion in September, marking a 12% increase compared to the same period last year. The Chinese market has become a major demand source for seafood, particularly for shrimp and catfish. However, increasing domestic supply in China raises concerns about price pressure due to intensified competition.
Business impactJapanese companies need to reassess their strategies to maintain price competitiveness as dependence on the Chinese market grows. Additionally, diversifying supply chains should be considered.

Key pointsVietnam achieved a growth rate of 9.01% over nine months, but to enhance actual corporate competitiveness, it is necessary to convert resources and policies into productivity. There is an expansion of cooperation between Vietnam and the UK in the digital era, and it is expected that $5.7 billion worth of agricultural products will be exported from the US by 2025.
Business impactJapanese companies need to focus on optimizing resources and exploring new markets to enhance competitiveness. In particular, a review of business models in light of digital advancements is required.

Key pointsThe resort complex in Binh Dinh, located near Da Nang beach, will be scaled down by Dat Phuong, resulting in a reduced total investment. An internationally standard 18-hole golf course will be added, along with accommodations and commercial facilities. The total area of the project will decrease from 199 hectares to 178 hectares, divided into five zones. Notably, the golf course will occupy 86.3 hectares, with plans for commercial facilities at a maximum construction density of 30%.
Business impactThese changes to the project may present new investment opportunities for Japanese companies. In particular, businesses involved in tourism and real estate development should be vigilant to capitalize on the business opportunities arising from the development of the resort facilities.

Key pointsThe Long Thanh Airport project is over 80% complete in terms of contract value, with test operations scheduled from October to November, aiming for commercial operations to begin in December 2026. Connection projects to the airport are also being prioritized.
Business impactJapanese companies need to consider the efficiency of logistics and transportation associated with the opening of Long Thanh Airport and review their supply chains accordingly.

Key pointsCan Tho City in Vietnam is making every effort to achieve its growth plan for 2026 as the year-end approaches. Specific measures are being implemented to eliminate obstacles to public investment and optimize tax revenue. Additionally, a large-scale cultural and tourism event is being organized in cooperation with Heineken Vietnam.
Business impactJapanese companies need to closely monitor the progress of public investment in Can Tho City to avoid missing related business opportunities, particularly exploring new opportunities arising from tax revenue optimization.

Key pointsTo support businesses by the fourth quarter of 2026, it is necessary to alleviate financial pressures and remove obstacles in policy implementation. Improvements in the tax system, simplification of procedures, and acceleration of public investment are required, and it is important to specify the resources that businesses can actually utilize. Hanoi's economic growth rate reached 10.02% in the third quarter of 2026.
Business impactJapanese companies need to implement cost reduction measures while closely monitoring trends in public investment and optimizing resources. In particular, a swift response to changes in the tax system is essential.

Key pointsVietnam has announced plans to achieve an average annual GDP growth of 10% by 2030, aiming to upgrade its investment rating to 'investment grade.' This goal is seen as a crucial step to enhance economic stability and gain international trust. The government plans to strengthen policies to promote growth and attract foreign investment.
Business impactThis growth target may present new investment opportunities for Japanese companies. Particularly in manufacturing and services, securing talent and funding will be essential to support this growth.