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According to the capital’s People’s Committee, in the first three months of this year, about VND81.8 trillion (US$3.48 billion) of development investment was disbursed, up 8.6 percent year on year.
Of the total, VND 27.4 trillion was from the State budget, VND48 trillion from non-State sector and the rest from foreign investors.
In terms of sectors, capital construction posted the highest amount of disbursed investment at VND50.2 trillion, accounting for 61.4 percent of the total, representing a rise of 10 percent year on year.
Meanwhile, VND22.9 trillion, or 28 percent, was spent on purchasing fixed assets for production, up 7.8 percent year on year.
In 2023, Hanoi has 238 public investment projects under construction, including 219 projects still underway from previous years and 19 newly-started projects, of which 96 projects are in the transport sector with a total investment of VND7.52 trillion, accounting for 53.1 percent of the capital volume that the city is assigned to disburse during the year.
Major projects of the city in the 2021-2025 in the city have been making good progress in line with schedule, including the Hanoi Children’s Palace, which was launched in March 2021 with total investment of over VND1.37 trillion. The Ba La-Xuan Mai section of the National Highway No.6, launched in 2022 at a cost of VND8.11 trillion, is expected to complete in 2027.
Meanwhile, the Vinh Tuy Bridge project, which was started in January 2022, has 43 percent of the work load completed, including 90 percent of the piles and an approach road.
Other important transport projects have also been implemented as scheduled. The city is focusing on speeding up ground clearance for the projects.
