The recent uptick of the market, however, is not sustainable, when the margin outstanding may have increased sharply along with the rise.

In addition to the ratification of new laws, Vietnam’s participation in high-standard FTAs ensures the country’s status among attractive investment destinations, Prime Minister Nguyen Xuan Phuc has said.

Foreign investors are returning to the market with its net outflow narrowing from VND12 trillion (US$520 million) since its March bottom to VND1.8 trillion (US$78 million) as of mid-August.

More investments in infrastructure of the Hoa Lac High-tech Park are needed to lure more investors.

The success of the conference, which was demonstrated by the participation of nearly 2,000 delegates and over US$17.6 billion in investment capital committed by both foreign and domestic investors, showcased Hanoi’s attractiveness as a secure and stable investment destination.

IFC will work with Hanoi to formulate a new-generation FDI strategy in response to the government’s master plan on foreign investment promotion toward 2030.

“Hanoi 2020 – Investment and Development Cooperation”conference is being held at the National Conference Center.

The conference would welcome over 1,200 domestic and foreign investors, businesses, many of whom would receive their respective investment licenses from Hanoi’s authorities.

Hanoi strives to remain on top of localities in Vietnam in FDI attraction after having an impressive 2019.