Proposal for 1,200ha Ginseng Root Project in Da Nang

Key pointsVinFast Auto Ltd. has withdrawn all capital from VinFast Manufacturing and Trading Company (VFTP), which is responsible for automobile manufacturing in Vietnam. As a result, VFTP's foreign capital is now zero, with domestic capital accounting for 100%. VinFast has spun off some of VFTP's assets to establish VinFast Vietnam Co., Ltd. (VFVN), which will handle global research and development and intellectual property rights. VFTP will continue automobile manufacturing in Vietnam.
Business impactThis withdrawal is part of VinFast's restructuring strategy, and it may change the competitive landscape in the Vietnamese market for Japanese companies, necessitating close attention to future developments.

Key pointsOn September 8, 2026, the VN-Index experienced a sharp decline, with increased selling pressure at resistance levels. Uncertainty regarding the future of the Vietnamese economy has heightened investor caution. Market trends reflect concerns about economic health, leading investors to adopt a stronger risk-averse stance.
Business impactJapanese companies need to pay attention to fluctuations in the Vietnamese market and reconsider their investment strategies. In particular, a review of risk management and asset allocation will be necessary.

Key pointsOn September 7, 2026, the Da Nang City Department of Finance announced the acceptance of an investment approval application for a 1,200ha ginseng root cultivation project proposed by Thuan Hai Agricultural Company. This project aims to produce and process ginseng roots and high-value medicinal plants, with an operational period planned for 50 years.
Business impactJapanese companies should monitor this development and assess its implications for related transactions, contracts, and local operations.

Key pointsIn August 2026, four stocks—DMX, LPS, PGV, and VCI—surpassed a market capitalization of $1 billion, joining the so-called 'Billion-Dollar Club' in the Vietnam stock market. This development reflects the resilience of the Vietnamese economy and renewed investor interest. It is expected to promote investment in the Vietnamese market.
Business impactFor Japanese companies, the growth of these stocks may present investment opportunities. Companies considering access to capital markets should closely monitor future trends.

Key pointsForeign investors in the Vietnamese stock market net sold 4.548 trillion VND (approximately 27.565 million USD). This trend indicates a stronger selling stance in proprietary trading and is being watched as an indicator of the Vietnamese economy's health. There are concerns among market participants about deteriorating supply and demand.
Business impactJapanese companies should closely monitor the movements of foreign investors, as this may impact funding costs and evaluations of business partners. Special attention is needed on stocks with high foreign ownership ratios.

Key pointsThe number of tourists from Russia to Vietnam is expected to reach 1.5 million in 2026, marking a record high. This reflects the growth of Vietnam's tourism industry and the increasing importance of the Russian market. With the recovery of the tourism sector, economic exchanges between the two countries are also expected to become more active.
Business impactFor Japanese companies, the growth of the tourism industry presents new business opportunities. In particular, the travel and hospitality sectors will need to strengthen their approach to the Russian market.

Key pointsA company in Ho Chi Minh City wishes to build a school for local residents at its own expense, but faces difficulties due to past land regulations. Many companies are obligated to return land designated for public facilities to the state, which hinders school construction.
Business impactJapanese companies need to understand the regulations regarding educational infrastructure in Ho Chi Minh City and grasp the necessary procedures. It is particularly important to be prepared to respond quickly to any changes in land use laws.