Hanoi plans to spend 87,000 billion VND, focusing on building urban bridges and railways

PHẠM ĐÔNG |

Hanoi strives to disburse VND 87,000 billion in the plan, especially focusing on large transport infrastructure projects such as bridges and urban railways.

Put the reorganization into operation quickly and promptly

On February 21, at the Government conference with localities on economic growth, Chairman of Hanoi People's Committee Tran Sy Thanh said that to achieve growth of 8% or more, the scale of Hanoi's economy in 2025 must reach 1.6 million billion VND (an increase of about 130,000 billion VND compared to 2024), accounting for about 12.6% of the country's GDP.

Total social investment capital must reach about VND622,000 billion, export turnover increases by 7% to more than 20 billion USD. As of February 20, Hanoi City has collected VND171,000 billion in budget and reached 34% of the estimated plan for 2025.

Hanoi will focus on exploiting and promoting traditional motivations and resources. Regarding public investment, Hanoi strives to disburse VND 87,000 billion in the plan, especially focusing on large transport infrastructure projects such as bridges and urban railways; continue to review about 200 projects that are slow to be implemented.

Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc said that the Government assigned the city to grow by 8%, the city is very determined for the whole country, for the city's people, so the city strives for growth of at least 10% in 2025.

Regarding the immediate tasks, Mr. Nguyen Van Duoc said that he will put the reorganization into operation quickly, promptly, in accordance with the spirit of being streamlined - compact - strong from capacity to efficiency and not allowing interruptions in state management.

The city will focus on administrative reform, removing bottlenecks, backlogged projects, and projects with problems. Recommend the Government, ministries and branches to help the city in removing difficulties for projects with long-standing backlog as well as unlocking resources.

Prime Minister welcomes Hai Phong to contribute nearly 11,000 billion to railway

At the conference, Chairman of Hai Phong City People's Committee Nguyen Van Tung said that regarding economic growth, for 10 consecutive years, Hai Phong has always maintained a double-digit growth rate, with an average of 12.35%/year.

Cac dai bieu nghe lanh dao Thanh pho Hai Phong phat bieu. Anh VGP/Nhat Bac
Delegates listen to the leaders of Hai Phong City speak. Photo: VGP/Nhat Bac

For 2025, the Government assigned a growth target of 12.5% and Hai Phong pledged to strive to achieve this target, possibly even at a higher growth level.

On the basis of achieving the above target, the Prime Minister has recently approved the Southern Coastal Economic Zone of the city with a scale of 13,000 hectares. This is a key project, contributing to expanding the space for industrial development and attracting investment in the coming time.

Currently, Hai Phong City is focusing on accelerating site clearance to ensure the progress of project implementation. At the same time, many corporations and large investors in the world are also interested, researching and seeking investment opportunities in the city.

Hai Phong City committed to contribute VND 11,000 billion to implement the Lao Cai - Hai Phong railway project. Of which, VND6,000 billion will be used for site clearance and more than VND5,000 billion will be invested in the construction of a branch section directly connecting to the seaport.

Hai Phong recommends that the Ministry of Transport consider the construction plan at the same time from both ends of the route, i.e. from Lao Cai and from Hai Phong to shorten the construction time and soon put the project into operation.

Regarding the Tan Vu - Lach Huyen international seaport system, Hai Phong currently has two ports operating stably. It is expected that by March this year, the city will inaugurate 4 more large ports with a total investment of up to VND 16,000 billion.

After listening to the speech of Hai Phong City leaders, Prime Minister Pham Minh Chinh welcomed Hai Phong to contribute nearly VND 11,000 billion to the Lao Cai - Hanoi - Hai Phong railway line and suggested that if it strives to increase to VND 15,000 billion, it would be even better.

PHẠM ĐÔNG
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The Hanoi People's Committee has issued a decision on approving the detailed planning task for the renovation and reconstruction of Kim Lien, Trung Tu, and Khuong Thuong apartment complex.