Disbursement of public investment capital in Hanoi: Accelerating the final stage

Construction of the Viet Hung - Cau Bay canal and Cu Khoi regulating lake project (Long Bien ward) *. Photo: Quang Thai*

Achieved 62.1% of the plan assigned by the Government

The Prime Minister assigned Hanoi City more than 83.7 trillion VND in capital plan in 2025; and the total capital assigned by the city after implementing the 2-level local government model is 103.7 trillion VND, an increase of 1.28 times compared to 2024. As of November 22, 2025, the whole city has disbursed about 52 trillion VND, equivalent to 62.1% of the plan assigned by the Prime Minister and 50.1% of the plan assigned by the city. This rate is higher than the national average, as of November 13, 2025, the national disbursement rate reached 55.4% of the assigned plan.

However, the above results are still far from the set target, while there is only a short time left to disburse the capital plan for 2025. The biggest reason affecting the progress of public investment disbursement is still compensation and site clearance support, causing delays for most projects. According to statistics, 386 projects encountered difficulties in site clearance. Disbursement of public investment capital also faced a shortage of construction materials and price fluctuations, putting pressure on construction costs and progress.

The city has been stepping up to remove some major bottlenecks in disbursing public investment capital. That is, compensation and site clearance support policies have changed according to newly issued relevant legal regulations. In addition, the connection of administrative procedures related to public investment from the commune level to departments and branches is still stuck.

Economist Nguyen Minh Phong commented that Hanoi has a large scale of public investment capital. Therefore, the city's disbursement efficiency has a "leading" meaning not only for the Northern region but also for the whole country. From now until the end of the 2025 budget year (January 31, 2026), the remaining time is not much, while the disbursement pressure is not small due to the large amount of work remaining. Therefore, synchronous participation is needed to complete the set goals.

75-day peak period

In response to urgent requirements, the Hanoi People's Committee issued Plan No. 295/KH-UBND on implementing the "75-day peak period to promote and complete the disbursement of public investment capital in 2025", starting from November 1, 2025, with the goal of disbursing 100% of the plan assigned by the Prime Minister and over 95% of the capital plan assigned by the city, thereby creating momentum to promote the capital's economic growth. Specifically, by December 31, 2025, the city strives to disburse over 80% of the plan and complete the plan by January 31, 2026.

Giang Vo ward authorities carry out site clearance for the Ring Road 1 project, Hoang Cau - Voi Phuc section. *Photo: Bao Long*

These days, in localities and units, the disbursement of public investment capital is given the highest priority. According to the Director of the Hoan Kiem Ward Infrastructure Investment Project Management Board, Nguyen Vu Linh, in 2025, the Ward People's Committee was assigned to implement 48 projects, with a total capital of 1,369 billion VND. It is expected that the disbursement for the whole year of 2025 of the Hoan Kiem Ward People's Committee will reach 99.8%. To strive to achieve the above results, Hoan Kiem Ward has developed a Public Investment Disbursement Plan according to the level 1 and level 2 progress schedule for each project; controlling the disbursement progress by day, week, month...

Notably, recently, the Hanoi People's Committee issued a document directing the People's Committees of Lang, O Cho Dua and Giang Vo wards to focus on site clearance for the Ring Road 1 project, Hoang Cau - Voi Phuc section. According to the Hanoi Traffic Construction Investment Project Management Board, this is a major bottleneck. If resolved on time, the project will be completed in 2026.

According to statistics from project management boards, Hanoi has started construction of a series of large bridge projects such as: Van Phuc, Ngoc Hoi, Thuong Cat Bridges and Component 3 Project of Ring Road 4 - Capital Region, which is an expressway project under the form of public-private partnership (PPP); accelerating site clearance for national infrastructure projects such as the North-South high-speed railway, Lao Cai - Hanoi - Hai Phong railway; and the road connecting Gia Binh airport project with Hanoi capital.

In addition, key projects in 2025 in the city continue to be urgently implemented to ensure quality and progress such as the Tu Lien bridge project with an investment of 20.2 trillion VND, currently the contractor is organizing the construction of 2 cable-stayed towers. The Ring Road 4 - Capital Region project has a total investment of more than 75 trillion VND in phase 1, with 22% of the capital plan disbursed. The project to renovate and upgrade National Highway 6, Ba La - Xuan Mai section, has a total investment of 8.1 trillion VND, with 27.5% disbursed. The Thang Long Avenue expressway project, the section connecting National Highway 21 to Hanoi - Hoa Binh expressway, has a total investment of 5.2 trillion VND, with 41.6% disbursed. The Yen Xa wastewater treatment system project in Hanoi city has a total investment of 11.2 trillion VND, of which 59.1% has been disbursed... Projects are being urgently implemented, meaning that disbursement progress has increased simultaneously, promoting socio-economic development.

With the participation of the entire political system and implemented solutions, it is hoped that Hanoi will achieve a high rate of public investment disbursement, making a worthy contribution to the overall results of the whole country as well as creating an important premise for strong development in 2026 and the following years.

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