On September 29, at the 26th session, the Hanoi People's Council passed a resolution on adjusting the 2025 Public Investment Plan and updating and adjusting the 2021-2025 5-year Public Investment Plan at the city level.
Director of the Hanoi Department of Finance Nguyen Xuan Luu said that, based on the review up to now, to ensure the full disbursement of the capital plan assigned according to the direction of the Prime Minister, initially, the City People's Committee proposed to the City People's Council a plan to adjust the capital plan for 2025 and the 5-year capital plan for 2021-2025 as follows:
Plan to adjust the 2025 Plan: Regarding total resources, add VND 4,798 billion from increased city-level budget revenue in 2024 to development investment expenditure in 2025 (VND 3,798 billion); the bonus source exceeding the estimate of revenue divided between the central budget and the city budget in 2023 transferred to 2025 is VND 1,000 billion; of which, the capital plan of VND 1,000 billion is included in the total 5-year medium-term capital plan for 2021-2025.
Regarding the allocation plan, increase the investment preparation task by 350,000 million VND (including urban railway projects); increase the adjustment for key and important projects of the city by 3,805,558 million VND. In particular, the Compensation, Support and Resettlement Project (under the TOD Space Renovation Project East of Hoan Kiem Lake) proposed to allocate VND1,800,000 million in capital to apply according to Clause 4, Article 4 of Resolution No. 188/2025/QH15 of the National Assembly on piloting a number of specific mechanisms and policies, especially to develop the urban railway network system in Hanoi and Ho Chi Minh City.
Adjust the increase in compensation and resettlement capital when the State reclaims land to 642,081 million VND.
Adjusting the reduction of land use fee collection and expenditure for the project to build an elevated road along Ring Road 2 from Vinh Tuy Bridge to Nga Tu So, combined with the expansion according to the planning of the section traveling from Vinh Tuy to Nga Tu Vong under the form of a BT Contract of 61 billion VND to record the collection and expenditure of land use fee for the Project to build a 30m road and a 21.5m road adjacent to the Co Nhue - Xuan Dinh new urban area, Bac Tu Liem district (old) according to Conclusion of the Inspectorate of the Ministry of Finance No. 36/KL-TTr dated April 22, 2024 and recommendation of the City Inspectorate in Report dated March 21, 2025.
After adjustment, the city-level public investment capital plan for 2025 is 107,134,725 million VND; of which, the capital source for site clearance for flexible mechanism payment that has not been allocated is 2,025,530 million VND.
The plan to adjust the 5-year Plan 2021-2025, in terms of total resources, adds VND 3,797,669 million from the increased revenue of the city budget in 2024 to the development investment expenditure in 2025 as mentioned above.
Regarding the allocation plan, adjust the increase for investment preparation tasks of 350,000 million VND (including urban railway projects); adjust the increase in the medium-term capital plan for 2021-2025 for key and important projects of the city, including 3,822,875 million VND; adjust the reduction of the unallocated resources for detailed projects to 375,206 million VND.
In particular, the city also agreed to reduce the collection and expenditure of land use fees for BT projects being implemented by 61 billion VND to record the collection and expenditure of land use fees for the project of building a 30m road and a 21.5m road adjacent to the new urban area of Co Nhue - Xuan Dinh, the old Bac Tu Liem district as mentioned above). After adjustment, the 5-year public investment capital plan for 2021-2025 at the city level is 362,979,325 million VND.
Presenting this content, the Economic - Budget Committee of the City People's Council agreed with the proposals of the City People's Committee and requested the City People's Council to consider and resolve.
