Vietnam and Russia Promote Visa Exemption for Mutual Tourism

Key pointsIn the first eight months of 2026, Vietnam welcomed over 1 million tourists from Russia, marking a 165.7% increase. Russia is also considering visa exemptions for Vietnamese tourists, and the expansion of flight routes between the two countries is underway, which is expected to further boost the tourism industry. The number of Russian tourists is projected to reach 1.5 million by 2026, up from the pre-COVID annual figure of 700,000 to 800,000. Cultural exchanges are also advancing, with 2026 designated as the year of scientific and educational cooperation, featuring numerous events in both countries.
Business impactJapanese companies need to capitalize on the growth of the tourism sector by seizing travel-related business opportunities. In particular, airlines and travel agencies should strengthen their approach to the Russian market and diversify their tourism packages.

Key pointsIn the Vietnamese stock market, foreign investors sold a net total of 3.85 trillion VND (approximately 233.63 million USD). Overall market liquidity has decreased, impacting investor sentiment. Notably, there was a net sell of 4.01 trillion VND in matching transactions, drawing attention to liquidity risks.
Business impactThis decline in liquidity serves as an indicator for Japanese companies regarding the funding environment and investor sentiment. Companies should be cautious as changes in liquidity may affect transaction costs and the ease of agreements.

Key pointsA company that was once part of the GVR ecosystem was listed on UPCoM in 2015 but is now facing delisting as all employees have resigned. GVR sold nearly all its shares in 2016.
Business impactThe situation of this company highlights the need for GVR-affected companies to reassess their management strategies, and it is crucial for Japanese firms to verify the stability of their business partners.

Key pointsVietnam requires the development of institutional and financial infrastructure to allow companies to conduct experimental initiatives, accumulate assets, and grow domestically. It is particularly important to review the regulatory framework to create a safe environment for startups to experiment. Experts suggest introducing pre-consultation and a two-tier sandbox system, drawing on the experiences of financial institutions in Singapore and the UK. This could help companies reduce legal risks and promote innovation.
Business impactJapanese companies need to pay attention to Vietnam's institutional reforms and strengthen collaboration with startups. The establishment of new regulations could increase investment opportunities and facilitate the introduction of new technologies while managing risks.

Key pointsThe number of companies delisted from the Tokyo Stock Exchange is expected to reach a record high for three consecutive years by 2026. This trend is attributed to increased privatization through partnerships with investment funds and a rise in companies failing to meet new listing standards. This provides insights for capital market reforms in Vietnam's economy.
Business impactFor Japanese companies, the tightening of TSE standards may prompt a review of capital policies. In particular, companies opting for privatization may consider selling or restructuring their operations in Vietnam, necessitating caution.

Key pointsVietnam and Russia's energy cooperation is progressing towards the formation of a new energy supply chain based on the success of Vietsovpetro. Cooperation in the LNG and renewable energy sectors is particularly anticipated, with specific projects underway. By 2026, the leaders of both countries are expected to sign new contracts to establish a long-term framework for energy supply, thereby addressing Vietnam's energy demand.
Business impactFor Japanese companies, stabilizing energy supply could lead to reduced production costs. It is particularly important to consider participation in LNG projects and the introduction of renewable energy.