Last year, central budget funds were prioritised for nationally significant projects, expressways, inter-regional links and other key infrastructure works, thereby creating new growth drivers, expanding development space and strengthening national competitiveness.
The development investment in Hanoi in the first quarter of 2024 increased by 8.5% to 86.6 trillion VND (3.48 billion USD) compared to the same period last year, the municipal People’s Committee has announced.
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.
Hanoi has focused on pushing investors and contractors to increase resources and speed up the progress of major projects and works in the city in the first months of this year.
Foreign direct investment (FDI) disbursement in the central city of Da Nang has neared 1.8 trillion VND (76.54 million USD) since the start of 2020, a year-on-year surge of 92.1 percent despite the COVID-19 pandemic, according to the city’s statistics office.
The Department of Planning and Investment in Da Nang has pledged to continue working with relevant units to accelerate the completion of investment procedures for projects, with a view to helping businesses implement them and speed up the economic recovery.
Hanoi posted an increase of 3.27 percent in Gross Regional Domestic Product (GRDP) in the first quarter of 2020 – the lowest in recent years, according to the municipal Statistics Office.
Minister of Planning and Investment Nguyen Chi Dung was grilled about specific measures to mobilise social resources for development investment and the allocation of public investment capital.
A Hanoi delegation led by Chairman of the municipal People’s Committee Nguyen Duc Chung has visited France’s Paris, seeking ways to boost bilateral ties in health care, investment and environment.
