Hanoi focuses on implementing key projects and large capital allocation projects.

On the afternoon of March 27, continuing the working program of the Special Conference of the Executive Committee of the Hanoi Party Committee, term XVII, on behalf of the Party Committee of the Hanoi People's Committee, Vice Chairman of the Hanoi People's Committee Nguyen Manh Quyen reported on the adjustment of the public investment plan for 2024; updating and adjusting the 5-year medium-term public investment plan 2021-2025 at the city level.

The 2024 capital plan is 1.3 times higher than the 2023 plan.

Vice Chairman of the Hanoi People's Committee Nguyen Manh Quyen emphasized that the implementation of the 5-year medium-term public investment plan for the 2021-2025 period has had positive results; the annual disbursement rate tends to increase. Specifically, in 2021, it reached 79.2% of the plan; in 2022, it reached 87.8% of the plan; in 2023, it reached 94.4% of the plan; in 2024, as of March 20, 2024, it reached 8.7% of the plan.

Determining the amount of work to be done in the medium-term plan and in 2024 and 2025 is very large, specifically, the medium-term capital plan at the city level that must be arranged from now until the end of 2025 accounts for 43% of the plan; the capital plan for 2024 for the whole city must be implemented in the next 3 quarters, 1.3 times more than the plan for 2023, while the implementation time is not much. "Based on the opinions of the delegates, the Party Committee of the City People's Committee will continue to direct the synchronous implementation of tasks and solutions to strive to complete the set goals and targets at the highest level" - Vice Chairman of the City People's Committee Nguyen Manh Quyen said.

In particular, focusing on reviewing and evaluating the situation, implementation capacity, and absorption of public investment capital plans for 2024 and 2025 of each task and project from transition to new commencement associated with the implementation of the goals and targets set out in the Resolution of the City Party Congress; on that basis, develop specific plans to focus on removing difficulties and promoting implementation in each field.

Vice Chairman of Hanoi People's Committee Nguyen Manh Quyen presented an explanatory report at the conference.

The Party Committee of the City People's Committee proposed that at the July 2024 meeting of the City People's Council, projects that have not yet been approved for investment policies will be considered for only investment preparation research in the 2021-2025 period, and investment policies will be approved to implement the project in the next phase.

Balance adequate capital plans according to implementation progress for key projects

In 2024, the City will closely monitor the situation, urge the implementation of typical projects and works proposed to be inaugurated and commence construction to celebrate the 70th anniversary of the Capital Liberation Day, and continue to review and develop plans to renovate, embellish and effectively exploit historical and revolutionary relics in the City.

Regarding investment resources, Vice Chairman of the City People's Committee Nguyen Manh Quyen said that at the city level, it is necessary to assess the feasibility and ability to balance public investment resources for the 2021-2025 period and the years 2024 and 2025; ensure adequate balance of capital plans according to the implementation schedule for key projects, Ring Road 4 projects, projects under the national target program, projects under the investment plan for the three fields of health, education , and relics; important projects, projects to solve pressing problems of the city's people.

For the district level, the City requires districts, towns and cities to assess the feasibility of medium-term public investment resources for the 5-year period 2021-2025 at the district level, especially land use fee revenue. At the same time, there are solutions to exploit resources to increase the initiative of the district budget; balance sufficient counterpart capital for projects supported by the city budget to complete the project. In case the budget revenue is not guaranteed, report to the People's Council at the same level to adjust down the medium-term capital plan for the 5-year period 2021-2025 and annually to ensure compliance with the district's budget balancing capacity, not leaving debt for basic construction and unfinished works due to lack of capital.

Along with that, the City focused on implementing the plan right from the beginning of the year, creating a clear change in the implementation of key projects and projects with large capital plans. In particular, it is required to focus on reviewing the implementation status of projects in the list of key projects of the city in the period of 2021-2025 to focus on directing and operating to remove difficulties and obstacles, ensuring goals and progress requirements.

In April 2024, the Party Committee of the City People's Committee will direct the issuance of a plan to promote the implementation of medium-term public investment for the 5 years 2021-2025 and accelerate the progress of project implementation and disbursement of public investment plans for 2024 and 2025. In which, the content and remaining workload to be performed for each industry group, field, and specific project will be determined and tasks will be clearly and specifically assigned to each agency and unit for implementation.

At the same time, send a report to the Standing Committee of the City Party Committee in charge of the localities to continue to pay attention, lead, direct, inspect, and urge districts, towns, and cities to speed up the progress of completing investment procedures, strive to complete projects, and contribute to the successful implementation of the goals and targets of the Resolution of the 17th City Party Congress.

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