The Hanoi People’s Council holds its 17th meeting on November 10 to consider and decide upon issues relating to public investment plans (Photo: VNA)
Hanoi (VNA) - The Hanoi People’s Council held its 17th meeting on November10 to consider and decide upon issues relating to public investment plans.
Participants focused on extending the public investment plan in 2019 and 2020 andthe plan for investment and development of the city budget in 2020, while updatingthe five-year medium-term public investment plan for the 2016-2020 period.
A number of projects using public investment capital from Hanoi were submitted tothe municipal People’s Council for discussion and approval.
According to Chairwoman of the municipal People’s Council Nguyen Thi Bich Ngoc,in the context of the COVID-19 pandemic and economic downturns in Vietnam and theworld, the city has still posted stable economic growth.
She noted, however, that budget collections in the city remain low in the first10 months of the year, reaching an estimated 183.1 trillion VND (7.9 billion USD),or 70.3 percent of the plan.
Local budget expenditure also remained low, reaching just 57.4 percent of the estimate,with investment spending representing 47.1 percent of the plan.
Ngoc emphasised the importance of fostering budget expenditure, especially investmentfor capital construction, saying that public investment disbursement is a practicalsolution for stimulating demand and promoting economic growth.
The municipal People’s Council has approved a resolution on adjusting the publicinvestment plan in 2019 and 2020 and the investment plan for the city’s budget developmentin 2020.
It also adopted a resolution approving the investment policies for a number of projectsusing public investment capital from the city.
Ngoc asked that the Hanoi People’s Committee continue to implement solutions tospeed up public investment disbursement.
She also asked for closer coordination among departments, sectors, project managementboards, and localities to accelerate disbursement and the implementation of projects./.
Party General Secretary and State President Nguyen Phu Trong, together with other National Assembly (NA) deputies of Hanoi, met with voters from Ba Dinh, Hoan Kiem, and Tay Ho districts on October 14.
Vietnam is making all-out efforts to boost the disbursement of public investment as it seeks to post GDP growth of 3 percent this year amid the global economic downturn triggered by the COVID-19 pandemic.
Opening the 10th session of the National Assembly in Hanoi on October 20, Chairwoman Nguyen Thi Kim Ngan asked lawmakers to devise effective measures and orientations to bolster sustainable socio-economic development.
Legislators will continue discussing the country’s socio-economic situation, State budget and economic restructuring on the second plenary session of the 14th National Assembly’s 10th sitting on November 4.
With a growth target of more than 4.1 percent this year, Hanoi's agricultural sector is focusing on developing production, implementing winter crop production, and preparing goods for the year-end market and Tet (Lunar New Year).
An agricultural fair was kicked off by the Hanoi Promotion Agency (HPA) in the capital on November 6 to promote “One Commune, One Product” (OCOP) products from 26 cities and provinces nationwide.
Ho Chi Minh City had disbursed nearly 23 trillion VND (987.48 million USD) of public investment capital as of September 22, completing 54.2 percent of its yearly target, the Office of the city People’s Committee has reported.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
The Hanoi People’s Council holds its 17th meeting on November 10 to consider and decide upon issues relating to public investment plans (Photo: VNA) 
