Hanoi disburses $257mln of public investment in Jan-Feb

Hanoi disbursed over VND6.3 trillion ($257 million) of public investment capital in the first two months of the year, a year-on-year increase of 25.1 per cent, according to the city’s Statistic Office.

The figure is equal to 8.1 per cent of the annual target.

Vietnam’s capital has 226 infrastructure projects using public investment capital this year, including 155 existing projects and 71 new projects.

Of these, 58 are transport projects, with 19.5 per cent of the total capital allocated this year.

Key transport projects are keeping pace with their construction schedule, including Ring Road No. 1 and Ring Road No. 4.

Hanoi aims to ensure greater efficiency in public investment this year, anticipating a minimum disbursement rate of 95 per cent.