Hanoi Infrastructure Development

Capital Law 2024 introduces various special mechanisms and policies to increase the attractiveness of strategic investors.

By 2025-2030, all newly invested or replaced buses must run on green energy, with a market share of 45-50% in public transport in Hanoi.

The huge US$825 million budget for the project has raised public concerns about its feasibility and suspicions over the cost estimate.

In 2024, the focus will be on the topic of minimizing congestion, ensuring order, and road safety.

The draft law aims to redirect investment from being channeled mainly into housing and commercial center development projects to infrastructure projects such as urban railways.

The city remains committed to enhancing the investment climate to attract high-tech and supporting industry investments.

Let's wrap up an eventful week for the capital city.

Over the past five years, the real estate market in eastern Hanoi has experienced strong growth, attracting domestic and foreign investors.

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.