VietinBank Tower to be Transferred to Domestic Real Estate Firm

Key pointsIn 2026, the top 20 real estate companies in Vietnam will contribute a total of 230 trillion VND in taxes, accounting for approximately 9% of the national budget. These companies play a crucial role in promoting economic growth and are essential for Vietnam's economy, which aims for double-digit growth.
Business impactJapanese companies should strengthen collaboration with these real estate firms and seek investment opportunities.

Key pointsVietinBank plans to finalize the transfer contract for VietinBank Tower by the end of August, with ongoing negotiations with major domestic real estate development companies. The name of the acquiring company, transaction amount, and expected profits have not yet been disclosed. VietinBank Tower is located in the Nam Tu Liem District of Hanoi, within a 301-hectare urban development area.
Business impactJapanese companies should monitor this situation closely and assess the potential impacts on related transactions, contracts, and local operations.

Key pointsOn August 15, Hanoi's Investment Promotion Center held a dialogue on new customs regulations, attracting 150 participants to discuss the new administrative penalties effective from May 2026. The city is updating its 'Public Investment Project Management Manual' to enhance support for adapting to the new tax system.
Business impactJapanese companies need to urgently gather information to adapt to the new customs regulations and review their business processes. It is crucial for relevant departments to consider measures based on the new regulations, especially to streamline customs procedures.

Key pointsSanyo Minlon has launched its own brand 'Sanotech' and introduced over 500 elevators. These elevators are manufactured in Vietnam using imported components from Japan. With the rising demand for home elevators, the company is providing products that meet market needs.
Business impactThe growth of the home elevator market presents new business opportunities for Japanese companies, making it worthwhile to consider entering the elevator-related business.

Key pointsVingroup announced that VinSpace, founded by Phạm Nhật Vượng, has signed a satellite launch contract with SpaceX, with the satellite expected to be launched in the second quarter of 2027. Meanwhile, oil executive Chu Thi Thanh has been indicted for tax evasion and misconduct.
Business impactVingroup's entry into the space industry highlights Vietnam's technological innovation, while the indictment of Mr. Chu underscores the need for heightened corporate compliance awareness.

Key pointsAt the 2026 Conviction event, seven Vietnamese blockchain companies were selected among the top 200 in the world. Experts indicate that Vietnam is developing regulations for a cryptocurrency market valued at $220 billion, establishing a foundation to leverage domestic technological resources.
Business impactJapanese companies should capitalize on the growth of Vietnam's blockchain market by exploring technological partnerships and investment opportunities. Particularly, as regulations advance, adapting business models will be essential.

Key pointsNew EU regulations on packaging and packaging waste impose strict standards on exporting companies, prompting the domestic packaging industry to accelerate its shift towards environmentally friendly products. The industry has registered many designs from 2021 to 2025, making the green transition an inevitable response to market pressures.
Business impactJapanese companies exporting to the EU market must adapt to these new regulations. This necessitates a review of product design and manufacturing processes to meet environmental standards.

Key pointsThe real estate market in Ho Chi Minh City and its surroundings is showing new movements with the recovery of supply, infrastructure development, and the resolution of legal obstacles. Notably, Novaland has announced partnerships with about 50 sales agents nationwide to launch new products post-restructuring. The market is recovering from previous stagnation by addressing legal issues and funding challenges, with increased supply and consumers prioritizing legal transparency and construction progress. This enhances the competitiveness of high-quality projects in the market.
Business impactFor Japanese companies, the recovery of Ho Chi Minh City's real estate market signifies increased investment opportunities. It is important to consider investments in projects that meet the emphasized criteria of legal transparency and project progress.

Key pointsThe 19th Resolution aims to innovate Vietnam's development model and open new growth spaces. To accelerate economic and social development, it requires a shift in thinking, improved management capabilities, enhanced institutional quality, and mastery of science and technology. Efforts are also underway to achieve agricultural, farmer, and rural goals by 2030.
Business impactThis policy may present new business opportunities for Japanese companies, particularly for those in the agriculture sector, which will need to reassess strategies to capture new market opportunities arising from institutional reforms.