Entering the first year of the 2026-2030 medium-term plan, Hanoi has identified public investment disbursement as a key driving force for economic growth, striving for double-digit GRDP growth. With a capital plan of 126 trillion VND for 2026, the City has already allocated detailed funds for tasks and projects in accordance with central regulations and directives.

On the afternoon of January 9, the Prime Minister chaired the National Conference to Promote Public Investment for 2025 and 2026, connecting online from the Government headquarters to localities. The conference was attended by Deputy Prime Ministers, leaders of ministries, central and local agencies.

2025 Disbursement Achieves Highest Results Ever

A report presented at the conference from the Hanoi People’s Committee headquarters stated that the City identifies public investment capital disbursement as a key political task and a crucial driving force for promoting the Capital’s economic growth. Right from the beginning of the year, Hanoi acted with the highest determination, promptly issuing plans and directives; clearly defining the roadmap and responsibilities of each investor and each project.

As a result, the City’s public investment capital disbursement results for 2025 reached the highest level ever in absolute value. As of December 31, 2025, cumulative disbursement reached over 89 trillion VND, equivalent to 106.8% of the plan assigned by the Prime Minister and 86.2% of the City’s plan. By January 9, 2026, this figure reached over 90 trillion VND, corresponding to 107.9% of the Prime Minister’s plan and 87.1% of the City’s plan; it is projected to reach about 117.7% of the Prime Minister’s plan and 95% of the City’s plan by the end of January 31, 2026.

In 2025, Hanoi commenced a series of large, important projects both within and outside the budget, contributing to promoting the economic development of the Capital and neighboring regions. In addition to launching two major projects – the Investment Project for Construction of the Red River Landscape Boulevard Axis and the Investment Project for Construction of the Olympic Sports Urban Area – the City also resolutely directed the implementation of many key framework infrastructure projects such as vital bridges (Van Phuc Bridge, Ngoc Hoi Bridge, Thuong Cat Bridge, Tran Hung Dao Bridge…), Urban Railway Line No. 5 section Van Cao – Hoa Lac…

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Five Lessons Learned from 2025 Practice

From the implementation practice in 2025, Hanoi draws five important lessons in accelerating public investment capital disbursement.

First, resolutely directing and managing the public investment plan right from the beginning of the year. The City issued detailed disbursement plans for each project, each point of contact, each investor; periodically organized progress meetings for basic construction disbursement across the entire City; simultaneously applied a “green channel” mechanism in public investment procedures for large, key, important projects.

Second, focusing on resolving difficulties, obstacles, and major bottlenecks in public investment. The City mobilized the resolute involvement of the entire political system in site clearance work; a typical example is the completion of site clearance for the Belt Road 1 Project – a project with prolonged obstacles for many years.

Third, resolutely implementing major policies of the Central Government, especially regarding the arrangement of the two-level government; specific mechanisms for Hanoi under the Capital Law and National Assembly resolutions such as Resolution No. 258/2025/QH15 dated December 11, 2025 on piloting a number of specific mechanisms and policies for implementing large,

14th National Congress of Delegates

The “14th National Congress of Delegates” refers to the 14th National Congress of the Communist Party of China, a pivotal political convention held in October 1992 in Beijing. This congress is historically significant for formally establishing Deng Xiaoping’s theory of building socialism with Chinese characteristics as a guiding ideology for the Party, which accelerated China’s economic reforms and opening-up policies.

Red River Landscape Boulevard Axis

The Red River Landscape Boulevard Axis is a modern urban planning project in Hanoi, Vietnam, designed to transform the city’s riverfront along the Red River. Its history is rooted in contemporary development initiatives aimed at creating a sustainable green corridor, enhancing flood control, and providing recreational space, though it is still largely in the planning and early implementation stages as of the 2020s.

Olympic Sports Urban Area

The Olympic Sports Urban Area is a modern sports complex typically built to host the Olympic Games, often featuring multiple venues like stadiums, aquatic centers, and athlete villages. Its history is tied to a specific host city’s Olympic legacy, such as the Beijing 2008 area in China or London’s Queen Elizabeth Olympic Park, created to revitalize urban zones and leave a lasting sporting and community infrastructure. After the Games, these areas are usually repurposed for public use, professional sports, and major events.

Van Phuc Bridge

The Van Phuc Bridge is a historic bridge spanning the Nhue River in Hanoi, Vietnam. Originally constructed in the 18th century during the Later Le Dynasty, it is renowned for its unique architecture, including nine spans and intricate dragon-head carvings, and served as a vital transportation link on the ancient road from Thang Long to the southwest.

Ngoc Hoi Bridge

Ngọc Hội Bridge is a modern cable-stayed bridge spanning the Red River in Hanoi, Vietnam. It was constructed in the early 21st century, opening to traffic in 2010, to alleviate congestion and improve connectivity between the city center and emerging northern districts. The bridge is a significant part of Hanoi’s contemporary infrastructure development.

Thuong Cat Bridge

The Thuong Cat Bridge is a modern road bridge in Hanoi, Vietnam, spanning the Red River. It was constructed in the early 21st century and officially opened in 2014 to alleviate traffic congestion and improve connectivity between the city center and northern districts. As a key piece of contemporary infrastructure, it represents Hanoi’s ongoing urban development and expansion.

Tran Hung Dao Bridge

The Tran Hung Dao Bridge is a modern cable-stayed bridge in Ho Chi Minh City, Vietnam, completed in 2011. It was built to alleviate traffic congestion and is named in honor of the 13th-century Vietnamese military strategist and national hero, Trần Hưng Đạo, who famously repelled Mongol invasions.

Urban Railway Line No. 5

Urban Railway Line No. 5 is a major subway line in Seoul, South Korea, commonly known as Line 5. It was constructed in two main phases, opening in 1995 and 1996, to connect the southwestern and northeastern districts of the city, including Gimpo International Airport. As one of the world’s longest underground rapid transit lines, it was a significant infrastructure project that greatly improved cross-city transportation in the capital.