Hanoi strives to disburse 93 percent of public investment by Jan. 31
The capital city of Hanoi is exerting all-out efforts to disburse 93 percent of 2020 public investment by the end of this month, making it to the top performers in the nation, heard at a meeting on January 20.
Vice Chairman of the municipal People’s Committee Ha Minh Hai speaks at the meeting. (Photo: VNA)
Hanoi (VNA) – The capital city of Hanoi is exertingall-out efforts to disburse 93 percent of 2020 public investment by the end ofthis month, making it to the top performers in the nation, heard at a meeting onJanuary 20.
The meeting between Vice Chairman of the municipalPeople’s Committee Ha Minh Hai and leaders of the Hanoi State Treasury wasabout the agency’s collection and spending of State budget in 2021.
To achieve the goal, Hai requested concerned authoritiesto focus more on public investment disbursement. The municipal State Treasurymust better coordinate with other sectors to promptly address problems in orderto accelerate the disbursement progress, he said, adding that it should alsoeffectively promote public administrative reforms and make use of informationtechnology to cut procedures businesses and organisations are required tofulfill.
Regarding tasks for this year, the vice mayor asked the agencyto be among pioneers in digital transformation, public administrative reformsand e-Government building.
Nguyen Thi Thanh Huong, Director of the municipal StateTreasury, said the city has so far disbursed 75 percent of its infrastructure constructionand public investment, higher than that of the same period last year.
The agency has established a hotline to tackle relatedissues and been coordinating with the municipal Department of Planning andInvestment to publicise data on local public investment disbursement.
On this occasion, Deputy Minister of Finance Vu Thi Maipresented the third-class Independence Order of the State President to theHanoi State Treasury in recognition of its exceptional achievements in theirmissions, contributing to building socialism and protecting the country./.
The disbursement of State budget capital reached an estimated 91.1 percent of the plan set for the year and rose 34.5 percent year-on-year, the highest rate in the 2011-2020.
The disbursement of public investment was estimated at 398 trillion VND (17.24 billion USD) as of the end of December, meeting 82.8 percent of the Government’s plan – the highest rate in the 2016-20 period, according to the Ministry of Planning and Investment.
Ho Chi Minh City is taking drastic measures to promote disbursement of public funds, which plays an important role in economic development amidst the COVID-19 pandemic.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Vice Chairman of the municipal People’s Committee Ha Minh Hai speaks at the meeting. (Photo: VNA)
