Amending the Capital Law is vital to align it with a comprehensive vision that matches the capital's development momentum, harmonizing economic, cultural, and social progress.
Given the potential increase in property values when new roads and rail are built, the transit-oriented development model covered by the bill stands out as a highly promising and practical mechanism.
With special provisions to foster cultural industries in Hanoi, the amended Capital Law is expected to establish the capital as the nation's beating heart.
Well-designed mechanisms will make Hanoi a driving force for socio-economic development while ensuring national defense, security, and cultural advancement.
For thousands of years, the Red River has been the main engine of Hanoi's growth.
A major change under the upcoming amended Capital Law is the imminent development of new, modern offices, industrial parks, university towns, and hospitals in Hanoi.
The amended Capital Law will pay off in terms of better preservation of Hanoi's cultural heritage, French specialists argue.
Ten years after the enactment of the 2012 Capital Law, the capital city is in need of a new mechanism for better socio-economic development.
The draft law aims to redirect investment from being channeled mainly into housing and commercial center development projects to infrastructure projects such as urban railways.
With agriculture as its main economic sector, Hanoi's agriculture serves as the core and driving force for regional and national development.
A work environment that fosters creativity and innovation and provides opportunities for talented individuals to grow plays a pivotal role in building their loyalty and unleashing their potential.
It is important for Hanoi to have mechanisms and policies that are truly groundbreaking and allow Hanoi greater autonomy than those designed for other localities.
In the midst of rapid urbanization and modernization, sustainability is becoming a top priority for Hanoi's rural areas.
Hanoi is expected to lead the Red River Delta and the country's development path.
The upcoming amended Capital Law would have profound socio-political significance to Hanoi and the country in general.
The draft amended Capital Law is being submitted to the National Assembly for consideration.
After 10 years, the 2012 Capital Law has been a catalyst for robust growth in Hanoi, but it still needs to be improved.
