Progress of Projects by Sun Group, Vingroup, and Masterise

Key pointsVingroup's high-speed rail project between Hanoi and Quang Ninh is scheduled to open by the end of 2028, with plans announced for the procurement of construction materials and power supply. Construction materials such as concrete and steel will be sourced from Hanoi, Bac Ninh, Hai Phong, and Quang Ninh, with an average transportation distance of 20 km. Additionally, over 85% of construction machinery is required to be new, and stability in power supply is emphasized.
Business impactThis project may promote efficiency in material procurement and supply chains within the construction industry. Japanese companies should consider opportunities for supplying related materials and providing technology.

Key pointsThe Netherlands, while a small market within the EU, serves as a crucial hub for the distribution of Vietnamese shrimp across Europe due to its strong logistics system utilizing Rotterdam Port. The Dutch seafood industry comprises approximately 206 companies with sales of 800 million euros. By 2025, the Netherlands is expected to import around 125,000 tons of shrimp, with 27,000 tons sourced from Vietnam.
Business impactVietnamese seafood companies can expect to expand into Northern and Western European markets by strengthening access to the Dutch market. There is a growing demand for processed shrimp products and convenient items, necessitating product diversification.

Key pointsOut of the planned funding of 143.133 trillion VND for 2026, approximately 57.9 trillion VND (40%) has been implemented in 8 months. Lotte and GS Industry are nearing their targets, but the projects by Sun Group, Vingroup, and Masterise still have significant funding remaining.
Business impactJapanese companies need to closely monitor the progress of these large-scale projects to identify investment opportunities. It is particularly important to consider how the flow of funds and project progress impact the overall economy.

Key pointsStarting September 2026, Vietnam's railway industry will implement a policy to reduce fares by up to 40%. Notably, sleeper train fares will see significant discounts, and round-trip tickets and early purchase benefits will also be offered. This aims to meet travel demand and improve transportation efficiency. Additionally, ticket sales will begin at Saigon Station in preparation for Tet (Lunar New Year) in 2027.
Business impactJapanese companies should monitor this development and assess its impact on related transactions, contracts, and local operations.

Key pointsDan Thanh Tam proposes an AI data center project with an expected investment of $3.5 trillion, scheduled to commence in Q4 2026. The project aims to establish a data center with 200MW of IT capacity on a 20-hectare site, targeting international clients. Tam describes the AI data center as an 'AI factory' aimed at enhancing the quality of the Vietnamese economy.
Business impactThis project could strengthen IT infrastructure and promote international investment, providing new business opportunities for Japanese companies, particularly in the IT sector.

Key pointsVietnam's tax authorities have announced a method for verifying whether companies are in an 'inactive at registered address' status. Citizens can input their tax number and check on the tax office's website. This status applies when a tax investigation determines that a company is not operating at its registered address. Over 95,000 companies completed tax number closure procedures in the eight months of 2026.
Business impactJapanese companies that neglect to verify their tax status may face unexpected tax issues. Special attention is needed for procedures following changes to registered addresses or cessation of activities.

Key pointsThe Vietnamese government has announced Decree 342/2026/NĐ-CP, which establishes new regulations for the commercial activities of foreign investors and foreign-capitalized economic organizations. This decree outlines specific conditions for foreign investors to engage in buying and selling goods in Vietnam, emphasizing the need for environmentally sustainable business models and stronger connections with international supply chains.
Business impactWhile this new regulation lowers barriers for foreign companies entering the Vietnamese market, it also requires compliance with environmental standards, necessitating Japanese companies to enhance their environmental measures and prepare to obtain the necessary permits.