GDP Growth Rate Expected to Reach 9.01% by September 2026

Key pointsThe GDP growth rate is expected to reach 9.01% by September 2026, with a particularly high growth rate of 9.95% recorded in the third quarter compared to the same period last year. This growth is attributed to improvements in energy efficiency and the development of a low-space economy, contributing an expected 1.5% to GDP. The effectiveness of government economic policies is evident.
Business impactThis growth signifies market expansion for Japanese companies, particularly creating new business opportunities in the energy sector and manufacturing. Companies need to consider strategies that align with this growth.

Key pointsThe yield on bonds issued by Vietnam's banking sector has reached 10.5%, marking the highest level in recent years. This increase, particularly noted in the first-year rate of a 10-year bond issued by PVcomBank, indicates a shift in the funding environment for banks. The rise in rates may impact the overall cost of capital in Vietnam.
Business impactFor Japanese companies, the increase in local banks' funding costs could affect lending conditions and transaction interest rates. Companies managing supply chains will need to exercise caution in selecting funding sources.

Key pointsSiemens Mobility and VinSpeed announced contracts for two high-speed rail projects in Vietnam, including ten Velaro Novo trains capable of reaching speeds of 350 km/h. This positions Vietnam as a potential global leader in the introduction of new high-speed rail technology. The Velaro Novo is designed to be lightweight, energy-efficient, and enhance passenger comfort.
Business impactJapanese companies should closely monitor the advancements in Vietnam's railway infrastructure and explore opportunities to provide related technologies and services. In particular, companies supplying railway-related technologies should consider entering the Vietnamese market.

Key pointsOn October 2, 2026, the Vietnam Rubber Group (VRG) presented a mid-term report on party activities, business operations, and labor union activities, announcing its strategy for the remaining three months of 2026. VRG is focusing on sustainable growth, operational efficiency, and exploring new markets.
Business impactJapanese companies should pay attention to VRG's growth strategy and consider sourcing rubber products or establishing new business partnerships. Collaborating with VRG may be beneficial, especially as demand for sustainable products increases.

Key pointsVietnam is focusing on renewable energy sources such as solar, wind, and hydrogen, but offshore wind power faces many barriers in terms of policy, funding, human resources, and technology. Currently, offshore wind power is still in the research phase, and the permitting process has not progressed, making it difficult to assess its potential. The government needs to urgently establish specific policies and legal frameworks for offshore wind power.
Business impactJapanese companies considering investment in Vietnam's renewable energy market should take into account the lack of clarity in policies and the complexity of procedures, and it is important to collaborate with local partners familiar with regulations. In particular, they need to closely monitor the latest policy trends regarding offshore wind power.

Key pointsApproximately 300 listings on the Hanoi Stock Exchange (HNX) will be transferred to the Ho Chi Minh Stock Exchange (HOSE) effective December 28, 2026. Trading will be halted on December 24 and 25 in preparation for this transfer. This consolidation aims to unify Vietnam's securities market and is expected to lower entry barriers for foreign investors. As market transparency and efficiency improve, an upgrade in the FTSE index is also anticipated.
Business impactFor Japanese companies, the centralization of trading partner information may benefit supply chain management and credit assessments. Additionally, individual investors will experience increased convenience in investing without worrying about exchange differences. It will be important to review details of the transferred listings and plan trading strategies accordingly.