Hanoi: Issuing specific regulations to promote key projects.

On the afternoon of December 13th, at its twenty-ninth session, the Hanoi City People's Council passed a Resolution stipulating the content, documents, conditions, criteria, order, and procedures for the preparation, appraisal, and approval of investment policies, as well as the adjustment of investment policies for large and important projects implemented under the special mechanism stipulated in Clause 3, Article 4 of Resolution No. 258/2025/QH15 of the National Assembly.

According to the Resolution, the scope of regulation focuses on projects falling under special categories as stipulated by the National Assembly, including: public investment projects, public-private partnership (PPP) projects, and investment projects under the Investment Law that fall under the authority of the city to decide on or approve investment policies.

A view of the twenty-ninth session of the City People's Council on the afternoon of December 13. Photo: Viet Thanh

For public investment projects, the Resolution clearly stipulates the procedure from preparing the pre-feasibility study report to appraisal and decision on investment policy. The Chairman of the City People's Committee assigns specialized agencies or subordinate units to carry out the investment preparation tasks; the dossiers are submitted centrally to the Department of Finance for appraisal through the City Appraisal Council.

The appraisal content comprehensively covers key factors such as: the necessity of the investment, conformity with planning, location, land use requirements, land clearance plan, preliminary total investment cost, capital mobilization plan, implementation schedule, environmental impact, and specific mechanisms and policies.

Based on the appraisal results, the City People's Committee submits the project's investment policy to the City People's Council for consideration and decision.

City council delegates press the button to approve the Resolution. Photo: Viet Thanh

For PPP projects, the Resolution stipulates the procedures for preparing investment policy proposals, appraisal, and investment policy decisions, with strict requirements regarding project selection conditions, the ability to mobilize social resources, risk-sharing mechanisms, especially the mechanism for sharing revenue reductions. The appraisal is conducted through the City Appraisal Council, which may invite domestic and foreign experts to participate to ensure objectivity and in-depth analysis.

For investment projects under the Investment Law that fall under the authority of the Chairman of the City People's Committee to approve investment policies, the Resolution specifies the dossier, procedures for preparing project proposals, appraisal, and decision on approving investment policies. The appraisal focuses on assessing the necessity of the investment, its conformity with planning, land use plans, housing development programs (if any), environmental impact, the investor's financial capacity, and market access conditions.

Scene from the meeting. Photo: Viet Thanh

The resolution also fully stipulates the cases and procedures for adjusting investment policies for each type of project, ensuring that adjustments are only made when there are significant changes in objectives, scale, location, total investment, or other important factors as prescribed. At the same time, it clearly defines the responsibilities of organizations and individuals involved in appraising and deciding on adjustments to investment policies, ensuring accountability within the scope of their assigned responsibilities.

The resolution is effective until December 12, 2030, in accordance with the pilot period of the special mechanism under Resolution No. 258/2025/QH15 of the National Assembly.

Source: https://hanoimoi.vn/ha-noi-ban-hanh-quy-dinh-dac-thu-nham-thuc-day-cac-du-an-quan-trong-726723.html