Vietnam Dairy Industry Proposes Risk Management in Food Safety Law Revision

Key pointsOn September 15, 2026, Kim Long Motor announced a partnership with Kijsetthi Mobility to unveil Vietnamese-made commercial buses in Bangkok. This event commemorates the 50th anniversary of diplomatic relations between Vietnam and Thailand, symbolizing deepening economic cooperation. Kim Long Motor plans to introduce new EURO 5 standard internal combustion buses and electric buses to the Thai market, aiming for local CKD production between 2027 and 2030, establishing Thailand as a production hub in the ASEAN region.
Business impactFor Japanese companies, Kim Long Motor's expansion presents an opportunity to enhance competitiveness in the ASEAN market. Establishing manufacturing bases in Thailand could contribute to cost reduction and strengthening supply chains.

Key pointsThe Vietnam Dairy Association and Vinamilk propose risk-based management in response to the draft revision of the food safety law, seeking simplification of procedures. Specifically, they suggest maintaining the self-declaration system for products and categorizing risks into three levels. There are concerns that the current procedures may increase the number of documents required for product declaration and extend processing times, potentially increasing the burden on companies.
Business impactJapanese companies need to closely monitor changes in procedures due to the revision of the food safety law, particularly in responding to new requirements related to product declaration and risk management. Compliance with regulations is essential, especially as it may impact product distribution.

Key pointsAhead of the Federal Reserve's policy meeting, international gold prices continue to decline, while SPDR Gold Trust has shifted to net buying. This movement is related to concerns over the depreciation of the dong and inflation in Vietnam, indicating a change in investor sentiment. Fluctuations in gold prices may directly impact financial behavior within Vietnam. Although specific changes in holdings have not yet been disclosed, a preference for gold as a safe asset appears to persist.
Business impactFor Japanese companies, trends in gold prices will affect the exchange rate of the dong and local interest rates due to the Federal Reserve's policy shifts, impacting supply chain costs and financing. When making investment decisions, it is essential to consider not only gold prices but also trends in exchange rates and interest rates.

Key pointsCanada's economy revealed vulnerabilities due to its dependence on the U.S. during trade wars. Vietnam also faces similar risks with a high export ratio to the U.S. The Canadian example suggests the importance of diversifying tariff risks in Vietnam's investments.
Business impactJapanese companies considering investments in Vietnam need to focus on diversifying export destinations and supply chains. Companies with high dependence on the U.S. are particularly urged to strengthen risk management.

Key pointsOn September 15, 2026, at the 'Vietnam's Largest Taxpayer' award ceremony held in Hanoi, VPS Securities Corporation (HOSE: VCK) was honored as the company that paid the most taxes among Vietnamese securities firms. It was also confirmed to be among the top 23 private companies nationwide. This is expected to further strengthen VPS's position within the industry.
Business impactVPS's tax payment record serves as an indicator of reliability and stability in the Vietnamese market for Japanese companies. It is particularly important to monitor VPS's trends from the perspective of tax strategy and compliance.

Key pointsAnalysis reveals that stock valuations in major sectors of the Vietnamese stock market are below historical averages. Sectors such as banking, real estate, consumer goods, and industry are particularly undervalued, presenting a buying opportunity for investors during this adjustment phase. The trend of the VN-Index is also under scrutiny.
Business impactFor Japanese companies, the undervalued phase of the stock market may impact fundraising costs and the stock valuation of partner companies. In particular, companies located in industrial parks on the outskirts of Hanoi need to closely monitor future market trends.

Key pointsTechcombank has been awarded 'Best Bank in Vietnam 2026' by the international financial magazine Euromoney, marking its sixth consecutive win. This recognition reflects the bank's high customer service, financial products, and operational efficiency. Techcombank plays a significant role in Vietnam's financial market, with continued growth expected.
Business impactThe award signifies Techcombank as a reliable financial partner for Japanese companies. Businesses considering funding or loans should strengthen their relationship with Techcombank.