Construction

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.

The lack of mid-and long-term investment in the real estate market and ambiguous regulations related transactions are hampering its healthy development.

For the 2022-2025 period, the city aims to invest in 1,469 projects in education, healthcare, and cultural preservation with total capital of VND49.2 trillion (US$2 billion).

The Ministry of Transport expects to draw out some VND7 trillion (US$286.6 million) to pay off defaulted loans from Korean and German financers in the construction of the Hanoi-Hai Phong Expressway.

Vietnam is advised to use ODA to develop infrastructure, which is backbone of the economy.

Hanoi is expected to accelerate the planning, which is currently behind schedule.

The inauguration of the VinFast-Infineon Competence Center (VICC) is planned in the first quarter of 2023 in Vietnam.

Noi Bai International Airport 2050 will handle a throughput of about 100 million passengers and five million tons of cargo per year.

The project will develop an integrated public transport system in five districts of Hanoi that will support the effective utilization of Hanoi Metro Line 3.

A $5.3 million package for the appraisal and reconstruction of dilapidated apartments is expected to be disbursed soon.

This capital city will speed up the renovation and rebuilding of old apartments.

In order to appeal to investors, appropriate support from the State is needed during the investment and the exploitation.

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

New social housing projects would be concentrated in localities with major industrial parks, or large urban cities, such as Hanoi, and Ho Chi Minh City.

The project holds significant meaning for socio-economic development in Hanoi and the country overall.

Hanoi is in need of US$350 billion to upgrade urban infrastructure and realize development visions until 2030.