Hanoi disbursed VND18.7 trillion ($734 million) of public investment capital in the first five months of this year, a year-on-year increase of 25.1%, according to the municipal Statistics Office.

The figure is equivalent to 24% of the annual target.

Hanoi has 226 public investment projects in 2024, including 71 new projects that began construction this year with a total investment capital of VND7.2 trillion ($282 million).

Of the total, there are 58 transport projects, accounting for 19.5% of the annual capital plan.

The city has sped up disbursement of investment capital for key projects to accelerate their construction as scheduled, including the Ring Road 4 of the capital region, the 2.3-km  Hoang Cau – Voi Phuc section of the Ring Road 1 and the upgrade of the 21.7-km Ba La – Xuan Mai section of the National Highway No.6