New Company Establishments Outnumber Dissolutions by 6.8 Times

Key pointsIn the first eight months of 2026, 156,478 new companies obtained tax numbers, while 23,000 companies applied for dissolution. The number of new establishments reached 6.8 times that of dissolutions, indicating economic growth. Tax authorities are optimistic about the increase in company formations and expect a revitalization of economic activities.
Business impactThe rise in new companies signifies expanded market opportunities for Japanese firms. In particular, tax and legal departments need to pay attention to transactions and regulatory compliance with newly established companies.

Key pointsAt the 'International Product Supply Chain Connection 2026' event held in Vietnam, many international buyers from countries such as the United States, Japan, China, and India expressed surprise and interest in Vietnamese specialty products, particularly nuts, coffee, and frozen bread. Notably, producers of nuts and coffee engaged with hundreds of international buyers and received positive feedback. The American retailer 'Target' has made its first procurement in Vietnam, raising expectations for further export contracts.
Business impactFor Japanese companies, as the international recognition of Vietnamese specialty products increases, it is crucial to strengthen collaboration with local suppliers and explore new export opportunities. In particular, the food industry will require improvements in quality standards, necessitating strategic efforts to enhance product competitiveness.

Key pointsThe National Competitiveness Council has warned that products recalled abroad may affect Vietnamese consumers, including automobiles, cosmetics, and toys. Notably, Nature’s Own products and Allen's candies recalled in Australia have been highlighted, raising concerns about health and safety risks.
Business impactJapanese companies should monitor this trend and assess its impact on related transactions, contracts, and local practices.

Key pointsThere is a problem where many companies have been inactive for a long time but cannot close their tax numbers. The tax authority is reviewing policies to organize the tax obligations of inactive companies, having organized 72,000 tax numbers by the end of August 2026. The tax authority aims to simplify procedures and secure necessary resources.
Business impactJapanese companies should monitor this trend and assess its impact on related transactions, contracts, and local practices.

Key pointsResolution No. 27, announced on August 28, 2026, outlines a new framework to promote regional development in Vietnam. It emphasizes the importance of regions functioning according to their roles and advantages, highlighting the significance of a unified ecosystem. This is expected to strengthen inter-regional collaboration and contribute to national development.
Business impactThis resolution encourages Japanese companies to reassess their regional strategies, particularly emphasizing business development that leverages inter-regional collaboration. Companies need to formulate strategies that consider the characteristics of each region.

Key pointsThe Mayor of Ho Chi Minh City, Nguyen Van Duc, highlighted an increase in companies exiting the market during the economic and social conference in August, urging a review of administrative procedures. While the city's budget revenue has reached approximately 78% and public investment execution is at 57.7%, private investment execution is lagging, potentially impacting growth. The mayor instructed for expedited procedures based on urban development laws, particularly emphasizing the need for land tax exemptions and incentives.
Business impactJapanese companies should pay attention to the review of administrative procedures in Ho Chi Minh City and seek opportunities to utilize new incentives in their investment plans and project progress. It is important to deepen understanding of policies aimed at future growth objectives.

Key pointsThe revamp of Phu Quoc International Airport in Vietnam is deemed necessary for the upcoming APEC 2027. The Ministry of Construction's review committee has supported adjustments to modernize the airport's infrastructure and promote sustainable development, anticipating an increase in air passenger numbers for Phu Quoc.
Business impactJapanese companies need to closely monitor the progress of infrastructure development for APEC 2027. In particular, businesses related to logistics and tourism may see increased demand as the airport's functionality improves.