Hanoi is pooling resources for development investment (Photo: hanoimoi.com.vn) Hanoi, (VNA) - Development investment in Hanoi in the first six months of 2023 increased by an estimated 8.5% from the same period last year, to reach 194.7 trillion VND (8.22 billion USD), according to the city’s People’s Committee.
The amount included 64.9 trillion VND from the State budget, up 5% ; 115.8 trillion VND from non-State sources, up 10.2%; and 14 trillion VND from foreign direct investment (FDI), up 11.6%.
In the second quarter alone, development investment in the city reached 113.3 trillion VND, up 8.8% year on year, of which State capital accounted for 32.9% (37.3 trillion VND, up 5.9%), non-State capital 60.4% (68.4 trillion VND, up 10.4%), and FDI 6.7% (7.6 trillion VND, up 8.5%).
Of the amount, 72 trillion VND was disbursed in capital construction, making up 63.6% of total development investment and up 10.2% year on year; 29.6 trillion VND was spent on fixed assets in production, making up 26.1% and up 7.3%.
Construction pace at most key and major projects in the capital city have been accelerated. An example is the Nhon-Hanoi Station urban railway project, with 76.5% of the workload completed so far.
Meanwhile, the main segments of the second-phase construction of Vinh Tuy bridge spanning Hong (Red) River (Vinh Tuy Bridge 2) in Hanoi was connected on May 30.
An overview of the Vinh Tuy Bridge 2 (Photo: VNA) According to the Hanoi Management Board for Traffic Infrastructure Investment and Construction Projects, after the remaining segments of the bridge are connected, construction units will complete the concrete balustrade, install lighting systems and other works in preparation for inaugurating the project before September 2.
Vinh Tuy Bridge 2, with a total investment of more than 2.54 trillion (109 million USD) sourced from the city’s budget, aims to complete Ring Road No 2 of the capital city and promote linkage between two banks of the river, as well as connect the city centre with the city’s north and northeast.
The city has also launched the Ring Road No.4 project in the Hanoi Capital Region recently. The route will have a total length of over 112km, with around 58.2km in Hanoi, nearly 19.3km in neighbouring Hung Yen and some 35.3km in Bac Ninh.
The project has a total investment of more than 85 trillion VND (over 3.61 billion USD), with more than 28.1 trillion VND of which funded by the State budget.
The Hanoi People’s Committee has so far approved three sub-projects and completed the appraisal of the feasibility study report of specialised construction agencies. The local authorities have also allocated hundreds of billions of Vietnamese dong for the sub-projects.
The land clearance, compensation, and resettlement work in districts related to the project have recorded positive results.
As regards foreign investment attraction, the city received over 2.26 billion USD in the period, of which 75 million USD was poured into 196 new projects. Meanwhile, 89 existing projects added a combined 209 million USD to their capital, and capital contributions and share purchases by foreign investors reached 1.98 billion USD./.
