EVN Reports Post-Tax Profit of 863.1 Billion VND for H1 2026

Key pointsVietnam Electricity (EVN) announced its financial report for the first half of 2026, revealing a post-tax profit of 863.1 billion VND and deposits of 12.1835 trillion VND in banks. This has allowed EVN to eliminate cumulative losses from the past two years.
Business impactThe increase in EVN's profits indicates stability in power supply, prompting Japanese companies to consider reviewing electricity costs and improving energy efficiency.

Key pointsOn September 10, 2026, the tax authorities of Hanoi announced the establishment of a call center for taxpayer support, with a dedicated number 1900 886 889. This system aims to centrally receive and process taxpayer requests. The call center is designed to provide information related to taxes and ensure that taxpayers receive the necessary support.
Business impactJapanese companies are expected to utilize this new system to quickly handle tax-related inquiries, improving the efficiency of tax procedures. Particularly, efforts to strengthen tax compliance are crucial.

Key pointsViettel Global has announced a dividend payment of 33% for the fiscal year 2025, amounting to approximately 10.044 trillion VND. The dividend is scheduled to be paid on October 15, 2026, with Viettel holding 99.03% of the shares.
Business impactJapanese companies should monitor this development and assess its impact on related transactions, contracts, and local operations.

Key pointsThe Rixos Phu Quoc Vietnam project on Phu Quoc Island involves 3,000 engineers and workers daily. This project aims to create a new tourist destination that blends construction technology with the culture of Phu Quoc. The construction is scheduled for completion in November 2026, featuring 1,491 accommodations, including 321 suites.
Business impactThis project presents new business opportunities in the tourism and hospitality sectors. Japanese companies should seize opportunities to provide tourism-related services and products.

Key pointsMexico has decided to impose a $285.5 anti-dumping duty on Hòa Phát's hot-rolled steel sheets (HRC). This duty represents about half of the global steel prices, significantly undermining Hòa Phát's competitiveness. However, the Mexican market is relatively small for Vietnam's overall steel exports, and the impact is considered limited.
Business impactJapanese companies need to pay attention to trade barriers faced by firms like Hòa Phát. In particular, there may be a need to reassess export strategies as other countries could take similar measures.

Key pointsIn the Vietnamese stock market, after a sharp decline in the VN-Index, the trading volume on both exchanges dropped to 5.09 trillion VND (approximately 308.5 million USD) during morning trading. While selling pressure has diminished, there has been no confirmation of a buying rebound. Market participants are trying to gauge the next move, particularly as the VN-Index's trend is a crucial indicator for those considering investment in Vietnam.
Business impactFor Japanese companies, the short-term fluctuations in the stock market have minimal direct impact; however, they should consider it as a reference for measuring supply chain and local consumption trends. Notably, when investing through mutual funds, the recent sharp decrease in trading volume may serve as a key factor in determining entry timing.

Key pointsMajor global investment funds are actively purchasing Vietnamese bonds. Many banks, including state-owned banks, are raising deposit interest rates, indicating an increase in funding costs. This trend reflects a turning point in Vietnam's financial environment and serves as important reference material for individual investors.
Business impactFor Japanese companies, the rise in local funding costs will necessitate a review of working capital and capital investment plans. It is particularly important for the manufacturing sector to closely monitor interest rate trends.