The objective is to enhance the urban landscape and upgrade existing public amenities, creating versatile cultural and artistic spaces with modern facilities to improve the quality of life and attract visitors.
The city expects to complete the construction of the resettlement areas in 2024, with a total investment capital of VND13.36 trillion (US$563 million).
Once completed, Ring Road No.4 will create a new development space for Hanoi, the Capital Region, and the Northern Key Economic zone.
Chairman of Hanoi People's Committee Tran Sy Thanh has urged State agencies to leave the festive spirit behind and start working without delay. The leaders of each agency must take responsibility for performing their duties in reaching objectives.
The committee is tasked with ensuring the project’s completion on time and to a high standard.
Once completed, the capital planning will serve as a crucial legal resource for Hanoi's authorities to guide, direct, and formulate policies, providing a catalyst for development.
The completion of major transport projects would lay the foundation for Hanoi’s socio-economic development.
The project, with an investment capital of VND86 trillion (US$3.7 billion), is expected to be operational by 2028.
The country has gradually developed into a semiconductor manufacturing hub for the growth of the chip manufacturing sector.
Vietnamese conglomerate Truong Hai Group JSC (THACO) announced the creation of its subsidiary THACO Industries, with a total investment of more than US$550 million and 6,500 employees.
Owners of apartments to be renovated will be compensated with a property twice the size of their current home.
The city identifies the goal as a priority for economic development and to ensure social welfare.
The city continues to improve planning quality, implement key planned works and programs, and refine relevant mechanisms and policies.
The project, once completed, will have a great impact on the social development not only of Hanoi but also of the provinces and cities in the Capital Zone.
In 2023, the Government allocated VND47 trillion (US$1.9 billion) for public investment projects in Hanoi.
Digital solutions would help the city address existing problems during the urban planning and management process.
The city wants to keep population growth in urban areas at a sustainable pace and address downtown overcrowding.
Public investment continues to be a pivotal factor in supporting macroeconomic stability, containing inflation, and boosting economic growth.
Hanoi, Ho Chi Minh City and other major cities in Vietnam should mobilize more resources for green space development.
Hanoi is expected to accelerate the construction of an urban water drainage system under the planning, along with new parks and water detention basins.
The city encourages greater public participation in the planning process, especially those of large scale and with significant meaning for the city’s development.
