Hanoi Public Investment

Hanoi aims to end the year with a high disbursement rate of public funds, seen as a critical task for overall socio-economic development efforts.

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

Strong economic recovery has sparked bright sentiment among the business community toward the remainder of the year.

The action plan set the timeline until the end of September 2022 for the authorities of three provinces/cities of Hanoi, Hung Yen, and Bac Ninh to set up a Steering Committee to oversee the project implementation.

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

Hanoi’s authorities are working with related parties to ensure the completion of public projects as scheduled.

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.

Every district, ward, and commune should take the utmost advantage of the subdued pandemic situation to focus on socio-economic development, said the city’s Mayor Chu Ngoc Anh.

This year, the city is set to disburse VND38.8 trillion ($1.68 billion) in public funds or 93.3% of the target set by the prime minister.