The investment promotion conference presents a big opportunity for both domestic and foreign enterprises doing business in Hanoi, said a local official.

The conference would also lay a strong foundation for Hanoi to continue growing robustly in the coming years, said Hanoi's top leader.

A shortfall of 25% compared to the initial financial plan would trigger the risk-sharing mechanism in public-private partnership (PPP) projects.

Not only financial means, Vietnam has also provided medical equipment and expertise to help Laos in the fight against the pandemic, said the Lao ambassador to Vietnam.

Provincial authorities are responsible for choosing investors and implementing the newly added projects.

The Vietnamese property developer has long enticed foreign investors.

Foreign investors have been net buyers so far this month -- a first since January -- amid a stable currency.

The event, themed “Hanoi 2020 – Investment and Development Cooperation”, will take place at the National Convention Center on June 27.

M&A in hotels and resorts is expected to thrive as the social distancing orders have left devastating affects on low-end hotels and budget accommodations.