VTHM Aims for Fair Competition in Vietnam's Tile Industry

Key pointsIn Vietnam's tile industry, VTHM has initiated an anti-dumping investigation against tile products from India, aiming to establish a fair competitive environment. VTHM is collaborating with other companies in the industry to provide data for the investigation. Recent findings confirmed dumping practices for Indian products, leading to the imposition of tariffs ranging from 5.55% to 45.30%. This is expected to protect the competitiveness of domestic producers.
Business impactThis development is significant for Japanese companies, particularly those dealing in tiles and building materials, as it may impact future price competition and supply chains, necessitating close attention to industry trends.

Key pointsHanoi's tax authorities have launched a mobile messaging service called 'THUE_HANOI' aimed at disseminating tax law information. This service allows taxpayers to quickly receive information and guidance on tax laws and procedures.
Business impactThis initiative is expected to promote tax compliance among taxpayers and may enhance tax management efficiency for Japanese companies. In particular, tax departments should leverage this new information delivery method.

Key pointsAn exchange event with Japanese investors was held in Can Tho City, focusing on improving the investment environment. Japanese companies expect Can Tho to enhance infrastructure and business conditions, particularly through simplifying administrative procedures and increasing legal transparency. This is anticipated to promote investment in the southern region.
Business impactJapanese companies need to closely monitor changes in Can Tho's investment environment and reassess their strategies for future business development, especially by strengthening collaboration with local governments.

Key pointsOn September 11, 2026, VinFast signed strategic memorandums of understanding (MOU) with 13 dealers to establish 27 new showrooms in the Philippines. This plan is a significant step in expanding the sales network for electric vehicles across the country, particularly in the regions of Luzon, Visayas, and Mindanao. It is expected that VinFast will enter new markets in addition to major cities like Metro Manila and Cebu.
Business impactJapanese companies need to monitor the rising demand for electric vehicles in the Philippine market through VinFast's expansion and reassess their competitive strategies, particularly in developing environmentally friendly products.

Key pointsFTSE Russell has announced the upgrade of Vietnam from frontier market to emerging market status, effective September 21, 2026. This upgrade could lead to billions of dollars in capital inflow into the Vietnamese market, but maintaining international investment remains a challenge.
Business impactFor Japanese companies, the increase in capital inflow may expand investment opportunities, but it could also intensify competition, necessitating a review of strategies.

Key pointsA significant sell-off occurred in Vietnam's stock market, causing the VN-Index to drop sharply. Trading volume on the Ho Chi Minh Stock Exchange (HOSE) increased by 36% compared to the previous day, reaching a high not seen in seven trading days. Notably, 59% of trading concentrated in the afternoon session as investors moved to liquidate stocks to realize losses. Market caution intensified, leading to a rapid decline in stock prices.
Business impactFor Japanese companies, the short-term drop in stock prices has minimal direct impact, but attention is needed regarding funding costs and investor sentiment. It is essential to monitor market trends and strengthen risk management.

Key pointsOn September 11, 2026, Vietnam's Minister of Finance visited the French Development Agency (AFD) to sign a memorandum aimed at enhancing cooperation between the two countries. Vietnam plans to establish seven loan agreements with AFD between 2021 and 2025 to finance sustainable development projects.
Business impactJapanese companies should monitor this development and assess its impact on related transactions, contracts, and local operations.

Key pointsOn September 11, 2026, the VN-Index at the Ho Chi Minh Stock Exchange closed below 1,800 points at 1,795.21. Selling pressure, particularly on VN30 constituents, intensified, with afternoon trading volume increasing by 63% compared to the morning. A sense of caution spread across the market, particularly affecting large-cap stocks. The strength of the selling pressure suggests trends among institutional investors.
Business impactFor Japanese companies, short-term fluctuations in the stock market have minimal direct impact, but they may indirectly affect fundraising costs and the stock prices of local partner companies. When considering investments, it is essential to take into account not only short-term index movements but also changes in corporate performance and industry structure.