Hanoi has a special mechanism to mobilize capital to implement large projects

CAO NGUYÊN |

The National Assembly has issued a Resolution on piloting a number of specific mechanisms and policies to implement large and important projects in the capital.

Accordingly, Resolution No. 258/2025/QH15 pilots a number of specific mechanisms and policies on investment, planning, urban areas, architecture, construction, land, and finance to implement large and important projects in the capital.

The Resolution also ensures improving the quality and efficiency of investment in construction and development of the Capital, meeting the requirements of developing the Capital and the country in the new era.

At the same time, ensure the application of specific mechanisms and policies for the right subjects, for the right purposes, publicly, transparently, effectively and economically; prevent and combat corruption, waste, negativity, group interests, locally, and prevent all manifestations of profiteering in project implementation.

The Resolution also stipulates the mechanism for capital mobilization for project implementation.

Accordingly, the city is allowed to use the surplus of the city-level budget to prioritize the allocation of capital for public investment projects specified in this Resolution before implementing principal repayment and interest payment of state budget loans, but must ensure that it does not affect the obligation to repay principal and pay interest on loans.

Commercial banks and foreign bank branches have the right to be autonomous and self-responsible in credit granting activities according to the provisions of law on credit institutions for public investment projects according to the provisions of the Law on Public Investment and PPP projects according to the provisions of the Law on Investment.

For each specific project mentioned above, in cases where commercial banks or foreign bank branches provide credit and the capital needs of customers exceed the prescribed limit, they will be granted collateral credit.

In case the ability of commercial banks and foreign bank branches to meet the loan needs of customers is still not feasible, report to the Governor

The State Bank of Vietnam considers and decides on the maximum credit granting level for a customer according to the provisions of the law on credit institutions.

This Resolution was passed by the 15th National Assembly at the 10th Session in December 2025 and will be effective for 5 years.

CAO NGUYÊN
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