Hanoi strives for total social investment capital to increase by 11-12%

On July 16, Hanoi City People's Committee issued Official Dispatch No. 4103/UBND-KT on the implementation of Official Dispatch No. 104/CD-TTg dated July 6, 2025 of the Prime Minister.

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Implementing Official Dispatch No. 104/CD-TTg dated July 6, 2025 of the Prime Minister on enhancing the effectiveness of monetary policy and fiscal policy management and organizing a preliminary review of the work in the first 6 months of 2025; to successfully achieve the common goal of the whole country and the City on economic growth in 2025 reaching 8% or more and double digits in the following years.

The Hanoi City People's Committee requests the Directors, Heads of Departments, Branches, and Sectors; Chairmen of People's Committees of communes and wards; Chairmen, General Directors, Directors of State-owned enterprises in the City and requests the Party Secretaries of communes and wards to continue to lead, direct, and organize the implementation of the following key tasks and solutions:

Regarding monetary policy: State Bank Branch Region I updates the Official Dispatch and instructions and guidance of the State Bank of Vietnam , and advises the Hanoi People's Committee on the contents within its authority.

Regarding fiscal policy, for budget revenue: City Tax, Customs Branch I takes the lead in coordinating with agencies and localities to increase state budget revenue; expand the revenue base, especially e-commerce and food services. Implement electronic invoices from cash registers.

Strive to increase the state budget revenue by at least 20% compared to the estimate in 2025. Effectively implement policies on tax, fee, charge exemption, reduction, extension, etc.; review and evaluate the impact of the US's reciprocal tax policy on the City.

Coordinate with the Ministry of Finance to develop policies to support affected businesses and workers; on budget expenditure management: Thoroughly save regular expenditures, save an additional 10% of regular expenditures by the end of 2025. Arrange sufficient funding sources to pay for policies and regimes according to Decree 178/2024/ND-CP, 67/2025/ND-CP.

Guide and remove difficulties for localities operating the 2-tier government model. Develop a mechanism to selectively attract FDI; handle difficulties for FDI enterprises. Speed up the disbursement of public investment capital; promptly report to the Prime Minister's Working Groups.

Departments, branches and localities: Proactively monitor the situation and respond with appropriate policies. Disbursement of public investment reaches 100% of the plan; clearly identify obstacles and accelerate site clearance. Strive for total social investment capital to increase by 11-12%. Resolve pending projects and long-standing obstacles. Prepare a public investment plan for 2026-2030, without spreading it out.

Source: https://baodautu.vn/ha-noi-phan-dau-tong-von-dau-tu-toan-xa-hoi-tang-11-12-d333489.html