Tax Authority Alerts Businesses to New Policy

Key pointsVietnam's tax authority has issued a warning to businesses regarding a new tax policy set to take effect in 2026. This includes essential information that businesses need to be aware of, with expectations for strengthened tax management.
Business impactThe introduction of the new tax policy will have a direct impact on tax management for Japanese companies, necessitating that each company fully understands the new policy and prepares appropriate responses.

Key pointsJapan's Nissha acquired 60% of Vietnamese medical device manufacturer USM Healthcare but decided to sell all shares just three months later due to issues with USM's accounting practices, particularly the discovery of 'transaction circularity.' Nissha stated that the problems emerged after the integration of USM's management, leading to their exit. The founder of USM is set to buy back shares and intends to regain control of the company.
Business impactJapanese companies must conduct thorough due diligence before M&A transactions, particularly ensuring transparency in accounting practices and management policies. This can help mitigate risks and increase the likelihood of investment success.

Key pointsAt a conference held in Hanoi, Deputy Minister of Finance Nguyen Duc Chi emphasized the importance of improving the quality of corporate governance and ensuring transparency in the securities market. He stated that the reliability of corporate financial reporting and information transparency are crucial for enhancing market credibility.
Business impactJapanese companies need to focus on the development of a legal framework aimed at improving transparency and implement appropriate governance to gain investor trust.

Key pointsIn August 2026, the HNX stock market experienced a decline in stock prices, with liquidity decreasing by 31%. The HNX index fell to 282.53 points, a 4.16% decrease from the previous month. Meanwhile, foreign investors were net buyers, particularly with a surge in Vin Group stocks. Overall market trends are influencing investor sentiment.
Business impactJapanese companies need to monitor foreign investor trends and develop strategies responsive to changes in the stock market. Notably, the decrease in liquidity may impact investment decisions.

Key pointsVietjet has opened a new direct flight to Moscow, leveraging the potential of the Russian market. This is expected to enhance connections between Vietnam and international destinations, promoting tourism and economic activities. Vietjet currently operates 22 routes and has transported 403,750 passengers, with plans for further expansion to new destinations including Moscow.
Business impactJapanese companies have the opportunity to strengthen access to the Russian market through Vietjet's new route, particularly in tourism and trade, fostering deeper relations with Russia.

Key pointsVinacomin Power of Vietnam and Japan's eREX are conducting experiments to blend wood chips and pellets as fuel in coal power plants. One plant has reportedly reached a blending ratio of 30%. This initiative aims to reduce greenhouse gas emissions and aligns with Vietnam's power plan to eliminate coal usage by 2050. Similar efforts are planned for other power plants in the future.
Business impactThis initiative suggests new fuel supply opportunities for Japanese companies. With increasing environmental regulations, a shift towards renewable energy is expected to drive demand for wood pellets. Companies will need to reconsider their fuel procurement strategies.