Ho Chi Minh City Proposes Expansion of Direct Power Trading

Key pointsHo Chi Minh City has proposed to expand the scope of Direct Power Purchase Agreements (DPPA) to include power consumers in industrial zones, economic zones, and high-tech areas. Currently, DPPAs are primarily conducted between large power consumers and renewable energy producers, but the proposal will also include LNG power plants. This will enable companies to directly purchase renewable energy and facilitate the acquisition of renewable energy certificates for export activities.
Business impactThis proposal could contribute to reducing electricity costs and promoting the use of renewable energy for Japanese companies. In particular, businesses located in industrial zones are expected to enhance their competitiveness through direct power trading.

Key pointsThe introduction of electronic labor contracts is progressing, and companies are realizing their benefits. In Hanoi, discussions regarding labor contracts and insurance are taking place, and guidelines for implementing electronic contracts are being provided. VNPT aims to offer a comprehensive solution for electronic labor contracts, targeting implementation by July 1, 2026. This is expected to streamline the labor contract process.
Business impactJapanese companies can enhance operational efficiency and reduce costs by considering the adoption of electronic labor contracts. In particular, the human resources department needs to prepare for this change.

Key pointsBehind national economic growth lies the presence of large enterprises that drive industries. In Vietnam, companies such as Viettel, Vingroup, Techcombank, and Vinamilk may play this role. These companies are positioned as strategic assets of the country and require support to enhance their competitiveness in international markets. Successful countries actively formulate policies to promote corporate growth.
Business impactJapanese companies may expand business opportunities by supporting the growth of Vietnam's state-owned enterprises. It is particularly important to advance partnerships with companies that possess technology and resources.

Key pointsThe tax authority for e-commerce has issued guidelines for administrators of e-commerce platforms on how individual entrepreneurs can temporarily pay personal income tax. This allows businesses to utilize a simplified tax method, streamlining tax procedures.
Business impactJapanese companies are required to strengthen tax compliance in e-commerce and establish appropriate tax payment procedures based on the new guidelines.

Key pointsIn the third quarter of 2026, Vietnam's economy shows strong signs of growth, particularly with the digital economy potentially becoming a new driving force. Many key industries are recording high growth rates compared to the same period last year, laying the groundwork for achieving double-digit growth targets.
Business impactJapanese companies should view the growth of the digital economy as a business opportunity and consider investments related to IT and digital services.

Key pointsVietnamese government bonds are insulated from selling pressure in overseas markets because domestic investors hold nearly all of them. The foreign investor ownership rate is less than 1%, with domestic insurance companies and banks holding the majority. This contributes to the stability of Vietnam's bond market.
Business impactJapanese companies need to reconsider their fundraising and investment strategies in light of the stability of Vietnam's bond market. It is particularly important to monitor domestic market trends and consider timely investments.