Hanoi sets 95% disbursement target for public investment

The Hanoi Times — Hanoi aims to disburse over 95% of the allocated capital this year, totaling VND87.13 trillion (US$3.4 billion), to ensure capital growth and sustainable development goals.

The figures were cited in Directive No. 03/CT-UBND issued by Hanoi People's Committee Chairman Tran Sy Thanh on March 16, which emphasizes the acceleration of public investment capital disbursement in 2025.

The mayor has ordered local authorities and relevant units to review all factors affecting project delivery, focusing on weaknesses in governance, management, and implementation. The review must also assess the responsibilities of organizations and individuals, especially those with low disbursement rates.

Based on these assessments, rapid action must be identified on top priorities as well as immediate corrective measures by the first quarter of 2025. The allocation and disbursement of public investment funds will be considered a top political priority, with leaders at all levels required to be proactive and flexible in addressing bottlenecks and challenges.

Increased field inspections and supervision will be conducted to ensure that contractors mobilize maximum resources, including machinery, equipment, and personnel, to meet project schedules and quality standards in accordance with government directives.

A major focus will be on resolving land clearance issues, which remain the biggest obstacle to project delivery. The Department of Agriculture and Environment, in coordination with investors and local authorities, must urgently assess the status of land clearance in all public investment projects. They are tasked with identifying key challenges, categorizing them into specific groups, and proposing feasible solutions in line with current regulations.

The relevant agencies are asked to submit a comprehensive report to the mayor, who will convene a special meeting in March 2025 to resolve outstanding land clearance issues.

The mayor has also emphasized the need to speed up the implementation and disbursement of key projects, especially those funded by the central government budget. This includes ensuring that projects meet committed timelines, streamlining administrative procedures, and removing obstacles to speed up land clearance and facilitate construction. Regular inspections and stronger oversight will be strengthened to maintain progress.

Moreover, it requires streamlined investment procedures, reforms in public investment management, balanced resource allocation, and better investment efficiency. Above all, it prioritizes faster disbursement and clearance of public investment funds.

As of January 31, 2025, the city's total public investment disbursement for 2024 reached over VND66.9 trillion (US$2.75 billion), equivalent to 86.7% of the allocated plan. The absolute disbursement exceeded the cumulative amount for the same period in 2023 and was the highest among all 63 provinces and cities nationwide.

Source: Directive No. 03/CT-UBND, March 16, 2025