Ho Chi Minh City Rises 17 Places in Global Financial Center Ranking

Key pointsHo Chi Minh City has achieved a score of 692 points in the 40th Global Financial Centers Index (GFCI 40) released by Z/Yen Partners and the China Development Research Institute, ranking 67th globally. This marks a rise of 17 places from the previous assessment, reflecting an improvement of 27 points. The city is advancing efforts to connect foreign capital with the education sector as part of its development as an international financial center.
Business impactThe rise in this ranking indicates an improvement in Ho Chi Minh City's business environment, suggesting expanded investment opportunities for Japanese companies. Businesses considering expansion in financial services and education sectors should take note.

Key pointsThe 28th Annual Meeting of the ASEAN Valuers Association (AVA) opened on October 1, 2026, in Da Nang City, focusing on 'Digital Transformation and Sustainable Valuation' with over 300 participants from various countries. The conference will provide opportunities to discuss the impact of digital technology on valuation practices and share experiences among valuers from different nations. While digitalization enhances the efficiency of valuation work, it also presents new challenges.
Business impactThis meeting presents a valuable opportunity for Japanese companies to grasp the latest trends in valuation practices. Companies considering the adoption of digital technology in their valuation methods should pay close attention to the insights shared by participants.

Key pointsOn September 28, 2026, it was announced that Lê Mai Lan, Vice Chairwoman of Vingroup, will join the Advisory Council of the Global Innovation Index (GII) at WIPO. In this role, she will contribute to the strategic direction of the GII alongside policymakers and international business leaders. The GII is a key indicator that assesses the innovation capabilities of 140 economies and plays an important role in shaping national policies. Lê Mai Lan's participation is seen as a significant move in promoting the development of science, technology, and innovation in Vietnam. VinUniversity is also contributing to the international innovation ecosystem as a member of the GII Academic Network.
Business impactThis development reinforces the importance of innovation in the Vietnamese market for Japanese companies. Particularly, departments involved in research and development and intellectual property management need to closely monitor Lê Mai Lan's activities and adapt to changes in Vietnam's innovation environment.

Key pointsVietnam and Singapore have agreed to develop a certificate representing shares, allowing companies to access Singaporean investors without direct listings. This initiative is expected to provide Vietnamese companies with new fundraising opportunities, with specific implementation details and target companies to be announced later.
Business impactThis agreement will facilitate easier access for Vietnamese companies to the Singapore market, broadening their fundraising options. Companies considering fundraising should pay attention to trends in the Singapore market.

Key pointsSamsung Electro-Mechanics has announced an investment plan totaling 678 billion won (approximately 129.3 trillion VND) to expand its FC-BGA production capacity in South Korea and Vietnam. Of this amount, about 251 billion won (approximately 47.9 trillion VND) will be invested in its factory in Vietnam, exceeding the company's total assets. The new factory is scheduled to commence operations in June 2030.
Business impactThis investment indicates the growth of Vietnam's semiconductor industry, prompting Japanese companies to consider strengthening related supply chains and exploring new business opportunities.

Key pointsHo Chi Minh City has risen 81 places in the Global City Index from 286th to 205th by 2026. However, indicators for quality of life, environment, and governance remain low, with serious issues in traffic congestion and environmental problems affecting daily life.
Business impactJapanese companies need to consider the impact of urban infrastructure and environmental issues on their business and aim for sustainable operations. In particular, reviewing logistics strategies is crucial as improvements in traffic infrastructure are required.

Key pointsIn the first eight months of 2026, Vietnam's economy showed clear macroeconomic results. While foreign direct investment, industrial production, and trade experienced high growth, pressures from the resurgence of inflation are increasing. This uneven growth highlights structural issues within the economy.
Business impactJapanese companies need to reassess cost management and pricing strategies affected by inflation. It is essential to focus on strategies to stimulate domestic market demand and develop appropriate plans.

Key pointsIn Vietnam, fuel prices remain unstable, prompting calls for an extension of the tax support policy set to end in September. The government proposes extending it until the end of 2026 to alleviate cost pressures and support manufacturing and businesses. The tax authority plans to swiftly implement tax incentives for gasoline, which is expected to reduce the tax burden on transport operators.
Business impactJapanese companies need to reconsider their logistics and production plans in light of fluctuating fuel costs. It is particularly important to assess the impact of the tax support extension on business operations.