Lam Dong Province Promises to 'Ignite and Soar' with Businesses

Key pointsOn September 27, 2026, Murphy Oil Corporation announced the first oil extraction at the Lacada Van oil field located in the Cu Long Basin in southern Vietnam. The oil field began operations earlier than initially planned, with a scale of 100 million barrels and future production expected.
Business impactThe commencement of this new oil field may enhance competitiveness in Vietnam's energy market and provide new business opportunities for Japanese companies, particularly in energy-related investments and supply chain reviews.

Key pointsOn October 13, 2026, the 6th Gold Brand Award ceremony was held in Ho Chi Minh City, honoring 50 companies. This award aims to create new competitiveness through corporate culture, emphasizing the promotion of digitalization and greening for sustainable growth.
Business impactJapanese companies should pay attention to the trends in corporate culture and sustainable growth in Ho Chi Minh City and reflect these in their strategies. Incorporating digitalization and environmental considerations is essential for enhancing competitiveness.

Key pointsVietnam's largest gold and silver mining company has decided on a 30% cash dividend, equivalent to 3,000 VND per shareholder. The dividend record date is set for October 23, with payment scheduled for November 11.
Business impactThis dividend serves as a significant source of income for investors, providing a reference point for Japanese companies looking to strengthen their relationships with this firm. Additionally, the dividend decision acts as an indicator of the company's financial health.

Key pointsOn October 13, 2026, during a meeting with entrepreneurs in Lam Dong Province, Chairman Ho Van Mui expressed the intention to support business growth. Lam Dong Province contributes to maintaining production and expanding markets for businesses. According to data up to September 2026, the GRDP of Lam Dong Province increased by over 8.5%, and total investment in the region exceeded 84 trillion VND.
Business impactJapanese companies are encouraged to leverage growth opportunities in Lam Dong Province and strengthen collaboration with local businesses. In particular, they should aim to build sustainable business models through cooperation with local governments.

Key pointsOn October 13, 2026, the State Audit Office signed an agreement with Gia Lai, Khanh Hoa, and Dak Lak provinces to enhance the efficiency of public resource management and usage. This cooperation aims to strengthen fiscal discipline, prevent waste, and support the socio-economic development of the region. The audit results will serve as an important information source for local government budget management.
Business impactJapanese companies need to pay attention to new regulations and strengthened audits regarding public resource management, ensuring compliance. In particular, companies involved in public works will be required to manage risks based on audit results.

Key pointsOn October 13, 2026, tax authorities announced new regulations regarding tax procedures aimed at enhancing taxpayer convenience and satisfaction. The goal is to increase transparency in procedures and ensure that taxpayers can easily access necessary information. Specifically, the regulations require clear documentation requirements for submissions and aim to reduce unnecessary procedures.
Business impactJapanese companies must respond swiftly to changes in tax procedures and verify necessary documents and processes. A review of internal processes to strengthen tax compliance is particularly required.

Key pointsOn October 13, 2026, a forum for German companies and investment was held in Ho Chi Minh City, co-hosted by the German Business Association and the German Chamber of Commerce. The forum discussed measures to strengthen economic cooperation between Vietnam and Germany, particularly the utilization of high-quality human resources and the establishment of new flight routes. Specific measures to deepen the economic relationship between the two countries are being sought.
Business impactJapanese companies need to closely monitor the progress of economic cooperation with Germany and ensure they do not miss opportunities in human resource development and new market exploration. It is important to seek strategic partnerships to enhance competitiveness.

Key pointsOn October 13, 2026, Deputy Prime Minister Pham Gia Tuc chaired the first meeting of the Central Committee on housing policy and the real estate market at the government headquarters. There is a demand for policies to promote the development of social housing and rental housing, but reports indicate a lack of supply that meets actual demand. In the third quarter of 2026, approximately 92,000 real estate transactions were successful, reaching 92% year-on-year, but inventory properties are increasing.
Business impactJapanese companies need to understand the trends in the housing market and develop strategies based on demand, particularly in the development of social housing and rental housing. It is important to consider the risks of oversupply and inventory properties in investment decisions.

Key pointsNhiệt điện Hải Phòng plans to hold an extraordinary shareholders' meeting on December 4, 2026, to reorganize the board of directors and the audit committee due to the recent death of the CEO and ongoing changes in management. The meeting will take place at the company's headquarters, with the registration deadline for participating shareholders set for November 3.
Business impactSuch management changes pose significant risk factors for Japanese companies. Firms engaged in transactions with Nhiệt điện Hải Phòng need to assess the stability of its management.

Key pointsOn October 13, 2026, Prime Minister Le Minh Khai inspected the progress of the flood prevention project in Ho Chi Minh City, which has an investment of approximately 10 trillion VND and is currently 97% complete. The construction is expected to be finished by November 15, with operations starting by the end of the year. This project plays a crucial role in flood management within Ho Chi Minh City.
Business impactJapanese companies should monitor the project's progress, as it may impact related infrastructure development. Particularly in the construction and real estate sectors, a reassessment of business strategies may be necessary.

Key pointsMr. Do Anh Tuan started with 10 software engineers a decade ago and has grown Sunshine Group into a diversified economic group. By 2026, he aims to build an AI data center to enhance Vietnam's technological capabilities. The construction of AI infrastructure will require hundreds of megawatts of power and billions of dollars in investment.
Business impactJapanese companies should seize new business opportunities in the development of AI infrastructure, particularly by exploring technological partnerships and investment opportunities.