On March 27, at the fifth conference of the Hanoi Party Committee, Nguyen Xuan Luu, member of the Standing Board of the Hanoi Party Committee and Vice Chairman of the Hanoi People's Committee, presented the city's five-year medium-term public investment plan for 2026–2030.

The plan is built in alignment with the five-year socio-economic development plan, the five-year financial plan, relevant master plans and directives from central authorities and the Hanoi Party Committee.

The total medium-term public investment for 2026–2030 is projected at VND864.682 trillion ($32.8 billion). Of this, city-level funding accounts for VND691.759 trillion ($26.3 billion), while commune-level funding totals VND172.923 trillion ($6.5 billion). However, this scale still falls short of meeting all proposed investment needs.

According to Vice Chairman Nguyen Xuan Luu, the city clearly defines that public investment must focus on key sectors, avoid fragmentation, align with available resources and improve capital efficiency.

Capital allocation will prioritize critical sectors in line with strategic resolutions of the Politburo and guidance from central authorities and the Hanoi Party Committee.

Specifically, city-level funding will prioritize projects using central government funds, ODA-funded projects, urban railway projects and other priority sectors. These priority groups account for VND458.674 trillion ($17.4 billion), equivalent to 66.3% of total city-level public investment.

Within this, funding for projects using central government resources amounts to VND51.053 trillion ($1.9 billion), while ODA-funded and urban railway projects receive VND310.191 trillion ($11.8 billion) for 13 projects.

At the same time, the city allocates resources to science and technology, innovation, digital transformation, culture and sports, education and training, healthcare and national target programs in accordance with prescribed ratios.

The remaining VND233.085 trillion ($8.8 billion) is reserved for other projects and contingencies, ensuring flexibility in management and responsiveness to emerging needs.

During budget execution, Hanoi will continue prioritizing additional funding from revenue increases, surplus allocations and other lawful sources for key sectors and projects that drive socio-economic development.

Alongside capital allocation, the city has identified key implementation solutions to improve public investment efficiency.

One major requirement is to apply lessons learned from previous phases, including focused investment, strong leadership, decisive direction and accelerated administrative reform.

Hanoi will continue reviewing project lists, assessing overall resource capacity in connection with the draft revised Capital Law and the Hanoi master plan and adjusting investment structures to address the gap between demand and available funding.

A central task is to mobilize resources from across the economy, ensuring sufficient funding for key, high-impact projects. The city aims to reduce reliance on the state budget while promoting public-private partnerships and socialized investment.

In addition, the structure of public investment will shift toward prioritizing strategic infrastructure, science and technology, digital transformation and the digital economy as sectors with high value-added potential.

Vice Chairman Luu stated that the city will intensify efforts in site clearance, resolve project bottlenecks and develop a unified, tailored compensation framework in line with the Capital Law.

At the same time, Hanoi will improve project preparation and implementation quality, prioritize funding based on actual progress for key projects, establish detailed weekly and monthly schedules, assign accountability for disbursement to each investor and flexibly reallocate funds from slow-disbursing projects to those with strong absorption capacity.

Notably, the city will tighten discipline in public investment management, emphasize leadership accountability and ensure the principle of "six clarities": clear tasks, responsibilities, authority, timelines and outcomes, while strengthening supervision, inspection and performance evaluation.