Hanoi targets 100% disbursement of public investment plan in 2023
As of March 2023, the city has disbursed about VND3.9 trillion ($165.4 million), accounting for 8% of the planned disbursement for the year.
As of March 2023, the city has disbursed about VND3.9 trillion ($165.4 million), accounting for 8% of the planned disbursement for the year.
The Vietnamese Government will ensure favorable conditions for Sunny Group to succeed in their investment and business operations in the country.
INVENTEC’s investment project in Hanoi is anticipated to be fully operational in the second quarter of 2024, creating around 20,000 to 25,000 permanent jobs.
Over the next five years, the privately-owned Chinese enterprise plans to invest RMB45 billion (nearly US$6 billion) in Vietnam.
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.
The capital city ranks among the top localities in foreign direct investment attraction.
By 2023, the city expects to disburse VND47 trillion ($1.9 billion) of public funds, including VND15.7 trillion ($632 million) for municipal-level projects.
Vietnam's Minister of Finance will visit Luxembourg soon to discuss the update of mutual agreements and address issues in regard to EIB-funded projects in the Southeast Asian country.
Experts argued that private capital and blended finance investments will continue to be an important component of Vietnam’s sustainable development.
Vietnamese President Nguyen Xuan Phuc on December 6 hopes Korean corporations will boost their investment in Vietnam.
Hanoi aims to end the year with a high disbursement rate of public funds, seen as a critical task for overall socio-economic development efforts.
Transport infrastructure and affordable housing are the fields that Hanoi plans to develop amid rapid urbanization.
The capital city aims to disburse 90% of the total public funds of VND51.58 trillion (US$2.07 billion) allocated for the year.
Transparency, publicity, and constructive discussion between the authorities and people would help ensure greater efficiency in the site clearance.
In 2023, the Government allocated VND47 trillion (US$1.9 billion) for public investment projects in Hanoi.
The investment capital for the project would come from the city's budget, and the bridge's construction is planned for 2023-2026.
Public investment continues to be a pivotal factor in supporting macroeconomic stability, containing inflation, and boosting economic growth.