Public Investment

The removal of the fence will allow the pedestrian area to host a wider range of large-scale entertainment events.

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Achieving public investment targets is seen as one of the key criteria for evaluating how public officials perform.

Completion of the Metro No. 1 project is scheduled for the fourth quarter of 2023, after 12 years of construction.

The Ring Road 1 Project is now three years behind as it was scheduled to become operational in 2020.

In 2021-2025, Hanoi's authorities will upgrade 45 existing parks and public gardens and build six new ones.

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.

Hanoi targets to fully disburse the public investment fund in 2022, estimated at VND51.07 trillion (US$2.2 billion).

Higher disbursement of public funds, pushing for administrative reforms, and effective budget management are priorities for Hanoi to accelerate economic recovery in the remainder of the year.