Overview of the working session.
With a majority of votes in favor, the National Assembly on December 11 passed a resolution piloting special mechanisms and policies for major and important projects in Hanoi.
The resolution takes effect on December 12, 2025.
Based on National Assembly debates, appraisal opinions of the Economic and Financial Committee, conclusions of the Standing Committee and government reviews, the draft resolution was thoroughly revised and finalized.
Authorized by the Prime Minister, Minister of Finance Nguyen Van Thang presented a summary of key points in the revised resolution.
Accordingly, the Hanoi People's Council may decide investment policy for public investment projects and PPP projects not using central budget funds that require immediate implementation under directives of the Politburo, the Secretariat, the Government Party Committee, and the City Party Committee, as well as projects with total investment of VND30 trillion (US$1.14 billion) or more.
Minister of Finance Nguyen Van Thang presents a summary of key points in the revised resolution.
The Chairman of the Hanoi People's Committee may approve investment policy for projects subject to approval under the Investment Law that require immediate implementation, and for strategic investor-attraction projects under capital laws with investment of VND30 trillion ($1.14 billion) or more.
Hanoi will prepare a single Capital Master Plan that concretizes national and regional planning and integrates existing capital and general urban plans.
Once approved, the master plan will replace previous plans and hold legal value equivalent to provincial and general urban planning under relevant laws.
The People's Council may decide criteria and levels for compensation, support, and resettlement when the state recovers land for projects.
For projects requiring immediate implementation under central and city directives, compensation may reach double the standard level. For other projects, compensation may not exceed twice the standard level.
An electronic board shows the voting results.
New or upgraded projects addressing urgent bottlenecks in traffic congestion, flooding, environmental pollution, and urban order, using city budget and lawful funds, may follow emergency public investment and emergency construction procedures.
The People's Committee may decide measures for urban renovation, upgrading, and redevelopment, including demolition of buildings subject to removal under housing laws and redevelopment of one or multiple urban blocks. Assigned investors may prepare detailed plans for approval by competent authorities.
The People's Committee may also decide enforcement measures when investors secure consent from over 75% of property owners or land users, representing at least 75% of the redevelopment area, for planning and compensation schemes.
To safeguard national interests and security, the government may apply emergency measures to suspend or halt these mechanisms and report to the National Assembly or its Standing Committee as required.
The resolution will apply for five years from December 12, 2025.