The total number of newly-registered and reinstated enterprises in the eleven-month period reached 165,100, up 0.9% year-on-year, averaging 15,000 per month.

Tourism, digital startups and production of healthcare equipment are fields set to receive funds from the US$350-million investment plan.

Hanoi will direct and implement tasks and solutions in terms of law construction, improvement and enforcement.

In the first eight months of 2020, Singapore was Vietnam’s largest investor with US$6.54 billion, accounting for 33.5% of total commitment.

The figure would be nearly double the nation’s GDP per capita that í estimated to reach US$4,688 in the 2021 – 2025 period.

Hanoi has made strong efforts to reducing informal charges, create a fair business environment and improve provincial leadership in solving problems for enterprises, said an expert.

In addition to supporting policies, Hanoi has also offered substantial measures to improve the business environment, including a focus on e-government development to save costs and time for enterprises.

The diplomat believes that Vietnam has positioned itself to benefit from numerous trade agreements.

Marko Walde, chief representative of the Delegation of German Industry and Commerce in Vietnam, spoke with Hanoitimes about opportunities from a trade deal with the EU and what needs to be done to make use of it.