Hanoi’s public investment disbursement exceeds national target, with VND 86.532 trillion still to be disbursed
By October 31, 2026, Hanoi had disbursed VND 125.444 trillion in public investment funds, reaching 104.5% of the target set by Vietnam’s prime minister. About 40% of the disbursed funds were advance payments, while approximately VND 86.532 trillion remained to be disbursed over the final two months of 2026 and January 2027.
Data from the Hanoi Department of Finance show that, as of October 31, 2026, the city had disbursed VND 125.444 trillion in public investment funds for the year, equivalent to 104.5% of the target set by Vietnam’s prime minister. After excluding the 5% savings amount, this represented 75.95% of the city’s target. Disbursement was up 159.1% year on year.
Disbursement has exceeded the nationally assigned target, but turning the funds into completed construction work will take time. At a regular city government meeting in November 2026, Hanoi People’s Committee Chairman Vũ Đại Thắng said about 40% of the funds disbursed were advance payments that had yet to translate into work completed at construction sites. Approximately VND 86.532 trillion still needed to be disbursed in the final two months of 2026 and January 2027.
Construction of Trần Hưng Đạo Bridge (file photo).（VietVance）
At a November 5 meeting with the Department of Finance, Vũ Đại Thắng said Hanoi would need growth of approximately 16.55% in the fourth quarter to meet its full-year gross regional domestic product growth target of 11%. Investment implementation also varied across budget levels: actual investment from the city-level budget reached VND 85.406 trillion, or 83.8% of the target, while the commune-level figure was VND 42.553 trillion, or 61.6%.
Progress varies among key projects. The value of work completed on Package 2.1 of Capital Region Ring Road 4 was approximately VND 3.94 trillion, about 92% of the total contract value. Of the 50.9-kilometre route, approximately 42 kilometres had been paved with asphalt. Contract completion rates also differed among bridge projects crossing the Red River. Overall progress on the Nhổn–Hanoi Railway Station urban rail line was approximately 82.1%, with work continuing on its underground section.
Vũ Đại Thắng instructed the Department of Finance to work with relevant departments and construction contractors to review project funding needs, promptly resolve implementation obstacles and align funding allocations with projects’ capacity to carry out the work. Hanoi People’s Committee Vice Chairman Nguyễn Xuân Lưu also called on departments to review their targets and clearly assign year-end tasks and responsibilities.
Source: VietVance
