The Vietnamese Government has issued many mechanisms and policies to attract foreign-invested enterprises, including foreign tech startups.

This year's event brought together more than 100 pitchings from leading startups from 19 countries on five continents to call for investment.

Of the 50 selected startups, 25 are based in Hanoi and will begin the program in November.

With users in more than 130 countries, VNG aims to reach 320 million customers globally in 2023.

A number of supportive policies over the past years have enabled Vietnam to create room for domestic startups to grow, especially in areas where Vietnam is on par with other countries.