Search for "public investment"

In 2024, Hanoi's public investment plan is set at VND81 trillion (US$3.3 billion), 1.4 times higher than the 2023 plan.

Accelerated government spending is expected to boost demand in the remaining months of the year.

Disbursement progress in the year's first half was below expectations at 33.9% of the target.

Hanoi is tasked with starting the construction of the Ring Road No.4 project in June.

Achieving public investment targets is seen as one of the key criteria for evaluating how public officials perform.

The National Assembly approved the 2023 budget of VND712 trillion ($30 billion), a significant increase from more than VND130 trillion ($5.5 billion) in 2022.

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 Prime Minister has requested that at least 95% of 2003's public investment capital be disbursed.

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.

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.

Public investment continues to be a pivotal factor in supporting macroeconomic stability, containing inflation, and boosting economic growth.

The figure is slightly higher than the amount recorded for 2022.

Greater determination from the city’s apparatus is required to reach the disbursement rate of at least 90% by December 31.

Hanoi’s authorities are working with related parties to ensure the completion of public projects as scheduled.