On October 23, Chairman of the Hanoi People's Committee Tran Sy Thanh chaired a meeting on capital investment and construction of the city in the fourth quarter of 2025.
The report of the Department of Finance said: The total public investment capital plan for 2025 assigned by the Central Government to Hanoi is VND 87,693.46 billion, of which the Central budget is more than VND 12,900 billion. After adjustment, the updated plan is 107,134.7 billion VND, 19,441 billion VND higher than the level assigned by the Prime Minister.
Despite many drastic instructions, the disbursement results by October 20 had only reached VND44,428 billion, equivalent to 51% of the plan assigned by the Central Government and 41.5% of the plan assigned by the city.
As of October 31, the expected disbursement rate is 55.6% of the plan assigned by the Central Government. With this ratio, Hanoi ranks 18th out of 34 provinces and cities in terms of disbursement progress, but second in the country in terms of absolute value, only after Ho Chi Minh City.
According to Director of the Department of Finance Nguyen Xuan Luu, the disbursement pressure in the last 2 months of 2025 is very high. The city needs to complete the disbursement of an additional 43,000 billion VND to reach 100% of the capital plan assigned by the Central Government, and disburse more than 62,700 billion VND to complete the capital plan allocated by the city.
The reason for the delay in disbursement is clearly stated to be due to problems in compensation and site clearance - the stage that accounts for a large proportion of projects. According to statistics, there are 358 projects implemented by communes and wards facing difficulties in terms of site clearance; Along with that, the price of construction materials has increased, the work of appraisal of planning and project adjustment is still prolonged...
Concluding the conference, Chairman of Hanoi People's Committee Tran Sy Thanh emphasized that there is not much left in 2025. He agreed with the proposal of the Department of Finance on launching a 75-day peak emulation period, from the beginning of November 2025 to mid-January 2026, mobilizing the entire political system to "unds up in a synchronous process, take drastic action", strive to complete 100% of the public investment disbursement plan in 2025.
Regarding capital management, the Chairman of the Hanoi People's Committee requested flexible and proactive implementation in allocating and adjusting capital plans, ensuring continuity and stability - not only for 2025 but also creating a solid foundation for 2026 and the 2026-2030 period.
For key projects such as Ring Road 4 in the Capital Region, National Highway 6, National Highway 21, Yen Nghia Pumping Station, departments, branches and localities need to focus on removing obstacles, speeding up construction progress, enhancing dialogue, and mobilizing people to agree to hand over the site.
In particular, the head of the People's Committees of communes and wards must directly direct and take full responsibility for the progress and disbursement results in the locality.
The city requires the implementation of 8 key groups of solutions proposed by the Department of Finance, striving to complete the target of disbursing 100% of the public investment capital plan in 2025, creating strong momentum to promote socio-economic growth, firmly preparing for 2026 and the new development period of 2026-2030.
