Hanoi accelerates public investment disbursement

The People's Committee of Hanoi has issued an official document, directing departments, agencies and project investors to take measures to speed up the allocation and disbursement of public investment capital in 2025.

The move is aimed at effectively implementing the Prime Minister’s Dispatch issued on February 18 on solutions on public investment allocation and disbursement this year.

The city’s Department of Planning and Investment is entrusted to review the implementation and disbursement of public investment capital in the city.

Individuals and organizations found to cause delay or lack responsibility in allocating and disbursing public investment capital will be strictly punished, according to the committee.

Hanoi has  been allocated over VND81.39 trillion ($3.17 billion) worth of public investment capital this year.