On the morning of August 24, with 463/470 delegates present in favor, the National Assembly voted to pass a resolution on the investment policy for the Ring Road 5 project - Hanoi Capital Region.
The project is about 349km long, passing through 7 provinces and cities
Investment policy of the Ring Road 5 - Hanoi Capital Region Construction Investment Project (hereinafter referred to as the Project) aims to form an expressway connecting Hanoi Capital with localities in the Region.
When completed, the project is expected to meet sustainable transportation needs, create spillover momentum, open up 2 new economic development spaces; create a premise for socio-economic development, ensuring national defense and security;
Remote traffic diversion, contributing to reducing traffic congestion and environmental pollution; synchronously completing the Hanoi Capital Ring Road system.
The project is about 349km long, passing through 7 provinces and cities, including: Hanoi, Ninh Binh, Hung Yen, Hai Phong, Bac Ninh, Thai Nguyen, Phu Tho.
The project applies advanced and modern technologies, ensuring safety, synchronization, quality and efficiency requirements. Implementing non-stop electronic toll collection in exploitation and operation.
Preliminary total land use demand is about 4,011 ha, including rice land of about 1,776 ha (including wet rice land from two crops or more of about 1,590 ha); forestry land of about 210 ha; other types of land according to the provisions of land law of about 2,025 ha.
The preliminary total investment of the Project is 288,268 billion VND. State budget capital allocated in medium-term public investment plans and other legal capital sources.
In which, it is expected to allocate about 61,394 billion VND from the central budget capital in the 2026 - 2030 period to invest in the main expressway, expected to be about 116km in 4 provinces and cities, including: Ninh Binh, Hung Yen, Hai Phong, Bac Ninh.
Regarding the implementation progress, investment preparation work from 2026; project implementation from 2027; striving to complete the entire route before 2035.
Government explains how to calculate total investment of the Project
Regarding the total investment of the Project, explaining to the National Assembly, Member of the Party Central Committee, Minister of Construction Tran Hong Minh said that, after receiving the opinions of the National Assembly Standing Committee, the Government has directed relevant agencies to review the preliminary total investment, ensuring accuracy, sufficientness and limiting capital increases in the implementation process.
According to the Government, the preliminary total investment is determined based on the volume of the preliminary design plan and the system of norms, unit prices, and investment capital rates announced by competent authorities, in compliance with the provisions of law on public investment and construction.
In which, the cost of compensation, support, and resettlement is calculated according to the volume of site clearance, unit price of land compensation, assets on land, land price coefficient and support level applied by the Provincial People's Committees at the time of investment preparation in 2026.
Construction costs are determined based on the volume of the preliminary design plan. For items that have announced investment capital, the project applies Decision No. 425/QD-BXD dated March 30, 2026 of the Ministry of Construction; items that do not have capital will be referenced from projects of similar nature or build integrated unit prices.
The Government has also directed a preliminary comparison of the total investment with some expressways being implemented in the area with similar scale, nature and construction conditions such as Ring Road 4, Ninh Binh - Hai Phong expressway.
The results show that the investment rate and cost structure of the project are basically similar, ensuring the rationality of the preliminary estimate of total investment.
