Substantial investment by the Hanoi municipal government has resulted in relatively synchronized infrastructure, socio-economic development, and better living standards for ethnic minorities.

Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.

Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.

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.

Vietnam could become a variant of Silicon Valley of Asia in the near future, according to CPO of TiKi Sakshi Jawa.

With manufacturing moving to Vietnam, with more employment getting created there, people having higher disposable income, that starts a trend of consumption story, said executive at US investment firm General Atlantic.

The Vietnam production lines will be a key part of Google`s drive for growth in the smartphone market, aiming to ship some 8 - 10 million smartphones this year, double from a year ago, sources told Nikkei.

The OPEC Fund for International Development expects to become Vietnam’s credible partner in development, said the fund’s executive.

As of August 20, 540 new projects have been approved with total commitments of US$284 million in the eight-month period, while 130 existing projects have been injected an additional US$362 million.

FDI commitments in the January – August period reached US$22.6 billion, down nearly 7% year-on-year.

Having started operations in 2017, the 39.4-megawatt Dam Nai Wind facility is one of the first wind power projects in Vietnam to have been successfully brought online.