Hanoi, Oct. 21 -- In the absence of suitable legal framework , Vietnamese start-ups are struggling to secure much-needed capital while investment funds have difficulties navigating the country's numerous regulatory barrier s, said fund managers and policy researchers.

Nguyen Ngoc Thu from the Vietnam Innoventures Fund said while start-ups and investment funds are recognised under Government Decision 38/2018/ND-CP, Vietnam has yet to produce laws to govern their activities. The lack of effective regulations has made setting up start-ups and securing investment a particularly daunting task right.

As the country was rapidly adopting and adapting to latest developments in the world of start-ups, many in Vietnam have had no other choice but ...