Vietnam Stock Market Sees $240 Million Inflow in FTSE Upgrade Week

Key pointsVietnam's SSI Research predicts that $240 million will flow into 27 stocks during the first week following the FTSE Russell upgrade of the stock market. This is a significant event for the Vietnamese economy, attracting passive capital inflows. The official upgrade by FTSE is expected to begin in September 2026.
Business impactFor Japanese companies, the stock market upgrade signifies increased reliability in the capital market, potentially affecting supply chain stability and local procurement cost forecasts. A review of investment strategies may be necessary.

Key pointsVũ Văn Tiền's company plans to begin construction of a chip manufacturing plant in November 2026. The facility aims to integrate control circuits, sensors, and power chips designed by Vietnamese engineers into electric vehicles and the group's industrial ecosystem, fostering the development of Vietnam's semiconductor industry.
Business impactThe increase in semiconductor-related investment opportunities in Vietnam could enhance competitiveness for Japanese companies in the manufacturing and automotive sectors. Companies considering entry into the electric vehicle market should take note.

Key pointsTesla Motors Vietnam was established in Ho Chi Minh City on September 11, 2026, and has begun corporate activities. One of the legal representatives is David John Feinstein, who has experience with Tesla-related corporations worldwide.
Business impactJapanese companies should monitor this development and assess its impact on related transactions, contracts, and local operations.

Key pointsIt is pointed out that for listed companies in Vietnam, merely fulfilling legal disclosure obligations is insufficient, and there is a need to enhance dialogue with investors. Particularly, with the upcoming upgrade to the FTSE Secondary Emerging Market, strengthening corporate IR (Investor Relations) systems is required. Many companies are only providing minimal information, leading to concerns from investors about the lack of context and outlook. This may affect capital inflows.
Business impactFor Japanese companies, the IR standards of local listed companies are a crucial indicator of management transparency. Whether the IR systems of business partners and joint venture partners are well-established will influence decisions on supply chain development and the establishment of local subsidiaries, necessitating careful assessment.

Key pointsAs of September 8, 2026, the processing rate of companies with unpaid taxes has reached an average of 36% nationwide. Ho Chi Minh City recorded a processing rate of 19.6%, with the highest number of processed companies, accounting for 26.1% of the total. Among regions, Lai Chau Province boasts the highest processing rate at 74.8%, followed by Gia Lai Province at 66.6% and Hanoi at 62.5%. Tax authorities plan to continue actively addressing unpaid tax companies.
Business impactThis information highlights the necessity for Japanese companies to strengthen tax compliance. As processing of unpaid tax companies progresses, accounting departments must remain vigilant in ensuring timely tax declarations and fulfilling tax obligations.

Key pointsA major oil pipeline in Saudi Arabia was attacked, causing crude oil prices to rise by over 3%. This has led to increased energy costs and new uncertainties for the Vietnamese economy, particularly concerning rising transportation and electricity costs, which may have widespread effects on the manufacturing sector. Attention to energy-related stocks has increased in the Vietnamese stock market.
Business impactFor Japanese companies, rising oil prices will directly lead to increased transportation and production costs. Manufacturing firms with supply chains both domestically and internationally will need to recalculate logistics costs. Investors should closely monitor trends in energy-related stocks and strengthen risk management.

Key pointsAccording to SSI Research, Vietnam's stock market is expected to see an inflow of approximately $240 million into 27 stocks this weekend following an upgrade by FTSE. Notably, stocks such as VPB and VHM are attracting attention. The FTSE upgrade strengthens Vietnam's position as an emerging market, with future fund inflows anticipated.
Business impactJapanese companies need to reassess their investment strategies in light of the FTSE upgrade and consider investing in particularly noteworthy stocks. It is essential to monitor market trends and invest at the appropriate timing.