On the morning of January 27, the 16th Hanoi City People's Council held a thematic session (the 31st session).
At the meeting, the City People's Council approved the Resolution on Adjusting and Supplementing the total capital of the 2026 Public Investment Plan for the city budget.
Accordingly, adjusting and supplementing the total capital of the 2026 Public Investment Plan for the city budget is 30,000 billion VND, including: Targeted supplementary sources from the central budget exceeding the estimated revenues divided between the central budget and the city budget in 2024 in Decision No. 1568/QD-TTg dated July 19, 2025 of the Prime Minister) remaining 6,859.776 billion VND; the source of increased city budget revenue in 2025 is 23,140.224 billion VND.
Approve to continue allocating capital plans for city-level projects in groups A, B, C that have exceeded the capital allocation time according to point d, clause 3, Article 57 of the Law on Public Investment (amended by Clause 25, Article 7 of Law No. 90 amending 09 Laws).
Previously, in a submission sent to the City People's Council, the Hanoi People's Committee said that the city's public investment plan at the beginning of 2026 was decided by the City People's Council in Resolution No. 483/NQ-HDND dated November 26, 2025 and assigned by the City People's Committee in Decision No. 5969/QD-UBND dated November 28, 2025, which is 126,000.99 billion VND, of which city-level investment expenditure is 92,910 billion VND that has been detailedly allocated capital plan for tasks and projects. In which, the capital source for compensation and resettlement when the State recovers land is 12,642.883 billion VND.
To meet the requirements of quick and urgent site clearance for projects, the City People's Committee has issued 1 decision to advance the 2026 estimate (in December 2025) and 1 decision to allocate and supplement the 2026 capital plan (January 2026) for projects. The Department of Finance has issued a notice on flexible capital sources for site clearance work according to the mechanism approved by the City People's Council in Resolution No. 483/NQ-HDND dated November 26, 2025. The total capital source for compensation and resettlement when the State recovers land used up to now is 5,605.612 billion VND; the rest is 7,037.271 billion VND.
Currently, besides 2 large projects that have been started and implemented (the investment project to build the Red River Landscape Avenue and the investment project to build the Olympic Sports Urban Area), the city is drastically implementing them quickly, and at the same time important projects under the direction of Party and State leaders, the City Party Committee such as: 7 bridge projects; major and important traffic routes; many urgent projects to combat flooding and traffic congestion.
Therefore, it is expected that in the coming time, the capital demand in 2026 will increase to promote the implementation of projects according to schedule, meeting the costs of site clearance, materials, and construction labor.
Through preliminary review, the capital demand in 2026 of some large projects, creating motivation for socio-economic development is about 75,263 billion VND, including:
- 18 projects (7 bridges Hong Ha, Thuong Cat, Tu Lien, Tran Hung Dao, Ngoc Hoi, Me So, Van Phuc; 9 road projects and 1 urban railway line; 1 irrigation project) are being implemented and investment preparation work is being implemented: 59.822 billion VND.
- 14 projects under the Emergency Order to handle urgent urban issues such as flooding and traffic congestion: 14,142 billion VND.
- Building 1 Oncology Hospital facility 2 and 7 advanced and modern inter-level general schools: 1,299 billion VND.
Thus, the remaining compensation and resettlement capital when the State recovers land (7,037.271 billion VND) does not meet the capital needs of the above-mentioned projects. Therefore, adjusting and supplementing the total capital source of the 2026 city-level Public Investment Capital Plan to implement urgent and important projects is very necessary; to ensure contributing to promoting 11% growth in 2026.
