Hanoi Infrastructure Development

Effective disbursement of public funds is considered a critical political task for local authorities.

Upon completion and opening to traffic in early 2027, the project is expected to enhance connectivity between Hanoi and other northern provinces and support the socioeconomic development of the entire north region.

The project, with an investment capital of VND86 trillion (US$3.7 billion), is expected to be operational by 2028.

In 2023, the Government allocated VND47 trillion (US$1.9 billion) for public investment projects in Hanoi.

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

FDI in Hanoi has been upward in recent years, especially as Vietnam becomes increasingly integrated into the global economy.

Hanoi aims to realize an average GDP growth of 7-7.5% by 2025, and 7.5% by 2030.

The main goal is for Hanoi to achieve the highest possible disbursement rate during the last six months of 2022, with the city continues focusing on addressing the concerns of districts and wards in public investment.