Vietnam Tax Authority Launches Tax Number Cleanup Campaign

Key pointsThe Vietnam Tax Authority announced that during an 8-month period in 2026, it assigned new tax numbers to 167,637 companies and invalidated 94,991 tax numbers. This campaign aims to organize corporate data and support companies returning to the market. Notably, over 6,000 reinstatement procedures were conducted in August, with approximately 17,000 companies in contact with the tax authority. Additionally, GDP growth and increased tax revenue are anticipated for 2026, positively impacting the overall economy.
Business impactThis information is crucial for Japanese companies to understand tax management and corporate registration status. It is essential to stay updated on the latest trends regarding tax number invalidation and reinstatement procedures to respond appropriately.

Key pointsOn September 4, 2026, a seminar titled 'Enhancing the Value of Agricultural Products and Food in Sustainable Supply Chains' was held in Ho Chi Minh City, discussing new requirements for Vietnamese agricultural products to enhance their competitiveness in international markets. The seminar emphasized the stringent technical barriers and environmental standards in the EU and US markets, highlighting the importance of traceability and sustainability for agricultural products.
Business impactJapanese companies have the opportunity to strengthen collaboration with Vietnam's agricultural sector by providing technologies and know-how to meet these standards.

Key pointsAt a meeting on September 4, the Ministry of Construction announced plans to commence five major transportation projects by the end of the year. This is expected to enhance urban infrastructure and improve access to Long Thanh Airport. These projects are anticipated to increase transportation efficiency and promote economic growth.
Business impactJapanese companies need to seize business opportunities related to these transportation infrastructure projects. Particularly in the construction and logistics sectors, new contracts and partnership opportunities are likely to arise.

Key pointsOn September 4, the Vietnam National Coal and Mineral Industries Group (TKV) held a meeting to discuss investment plans for expanding the production capacity of the Nhân Cơ aluminum plant. This project includes a new production line aimed at producing 1.2 million tons of aluminum annually, catering to both domestic and export markets. The total investment is approximately 247 trillion VND, with a construction period of 45 months.
Business impactJapanese companies should consider opportunities to enter the aluminum market. The expansion of the Nhân Cơ plant represents a significant business opportunity, especially for companies interested in environmental protection and efficient production technologies.

Key pointsThe Dong Thap Enterprises Club in Ho Chi Minh City held a meeting with leaders from the Binh Zan district of Dong Thap Province to exchange information on local investment promotion activities and social welfare programs. Binh Zan district is expected to have many investment opportunities for future economic development, particularly in urban development, logistics, and tourism projects.
Business impactJapanese companies should consider investing in Dong Thap Province, given its growth potential, with a particular focus on infrastructure development and logistics-related business opportunities.

Key pointsCan Tho City is strengthening commercial partnerships with Hanoi to expand regional specialty products into the northern market. This initiative is expected to establish stable production and distribution connections. Can Tho, with its abundant supply of agricultural products and processed foods, aims for further market expansion by linking with Hanoi's modern distribution system.
Business impactThis partnership provides Can Tho businesses with opportunities to develop new sales channels, particularly requiring a strategic review in distribution and logistics.

Key pointsDong Nai Province has decided to develop Nguyen Huu Canh Avenue, a key infrastructure project, to advance urban redevelopment along the Dong Nai River. This initiative is based on the province's development plan until 2035, with a vision extending to 2065. Specific measures are required to prevent land speculation.
Business impactThis urban redevelopment plan may provide new business opportunities for Japanese companies. In particular, firms in real estate and infrastructure sectors could benefit by participating in the project.

Key pointsOn September 4, 2026, a memorandum of understanding was signed in Ho Chi Minh City between the Young Entrepreneurs Association of Vietnam and Australian business organizations to expand cooperation. This agreement is expected to enhance market, product, and service expansion in both countries, increasing future collaboration opportunities. Australian companies aim to directly experience Vietnam's business environment and deepen economic exchanges.
Business impactThis cooperation may provide new business opportunities for Japanese companies. Firms considering access to the Australian market should strengthen partnerships with local entities.

Key pointsLe Tai Sam, the former chairman of Bamboo Airways, is banned from leaving the country due to the company's unpaid taxes amounting to 4.406 trillion VND, effective from September 3, 2026. As the 'de facto owner' of Bamboo Airways, he has been notified by tax authorities and is required to pay the outstanding taxes to lift the exit ban.
Business impactJapanese companies need to reaffirm the importance of tax compliance when engaging in transactions or partnerships with Bamboo Airways. It is particularly crucial to consider the tax status of executives and directors and its impact on the company.

Key pointsHo Chi Minh City announced a growth target of 11.07% for the third quarter of 2026. To achieve this, there is a need to promote investment and revitalize economic activities. The city's budget reached 624.76 trillion VND in eight months, a 19.2% increase year-on-year. The city also aims for 1,200 trillion VND in investments and plans to raise foreign direct investment (FDI) to over 11 billion USD, emphasizing the importance of infrastructure development and regulatory easing to support economic growth.
Business impactJapanese companies need to reassess their investment strategies and market entry plans in line with Ho Chi Minh City's growth targets. It is particularly important to consider participation in infrastructure-related projects and public works.