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There has been a growing number of local startups who neglect raising funds in subsequent rounds after gaining initial successes, said an expert.

The result indicated improvements of Hanoi`s business and investment environment, said Director of the municipal Planning and Investment Department Nguyen Manh Quyen.

The event is expected to enhance the role of Vietnam as a strategic gateway of Italian trade and investment in Asia and Southeast Asia regions, thereby, raising the country`s profile internationally.

FDI commitments in the January – September period totaled US$26.16 billion, up 3.1% year-on-year.

The slow disbursement of public investment over the last ten years has created a bottleneck for the economy.

Although the national expressway project is a national priority with very high standards, local companies are fully capable of executing the project, said an expert.

Investment activities continue to be a priority in cooperation between Hanoi and Singapore.

Amata VN projects a new industrial estate based on a township concept, a combination of manufacturing, commercial and residential zones.

State-owned enterprises and agriculture, which once monopolized the economy, are losing prominence as the nation works to achieve sustainable development through more open trade and industry.

A specialized law on public private partnership (PPP) is necessary to avoid overlapping regulations stipulating PPP investment activities, said Minister of Planning and Investment Nguyen Chi Dung.

In the 2021 – 2025 period, Vietnam targets to have at least 2,000 kilometers of expressway and by 2025, the figure would be 4,000 kilometers stretching from northern province of Lang Son to the southernmost province of Ca Mau.

Backed by Temasek Holdings and UOB Bank, Innoven Capital has been actively exploring opportunities in Vietnam since it started operations in the Southeast Asian region in 2016.

The highway project connecting Ho Chi Minh City to Long Thanh International Airport would be key to address traffic congestion and support economic development.

Vietnam remains huge opportunities for foreign investors, while Jardine Matheson would continue to explore investment options in the country’s priority sectors, said the UK-based conglomerate’s executive.

The weak linkage between the FDI businesses and the private sector may put the economy in a vulnerable situation, when foreign investors may leave the country easily once things turn bad, an expert has said.

Vietnam’s market is driven by young people who have higher spending on food and consumer products.

In 2018, the outstanding corporate bonds of these banks reached VND149.4 trillion (US$6.5 billion), down slightly by 0,8% against the end of 2017 and accounted for 4% of the banking system’s total credit.

Hanoi would support the development of three to five innovative startup incubators in the 2019 – 2025 period.

An additional 15% tariff was imposed on 3,243 items, including many consumer goods like clothing and watches, prompting companies across a wide range of industries to consider shifting production to Vietnam and other Southeast Asia nations.

Southeast Asia`s startup space has been led by Indonesia and Singapore, which claim six of the eight regional unicorns. Vietnam, however, "certainly has the potential to establish itself as Southeast Asia`s next leading startup ecosystem,” noted a joint research by ESP Capital and Cento Ventures.