Topic: implementation

Nine major tasks and solutions for implementation during 2024 outlined in January 5 resolution.

In order to begin construction of the Ring Road No. 4 - Capital Region project next June, Hanoi has set out 12 important tasks with detailed progress milestones, with investor selection to be conducted from December. The Ring Road No. 4 - Capital Region project stretches 112.8 km and has total investment of VND85.813 trillion ($3.6 billion), divided into seven component sub-projects. The preparation of investment and project implementation will begin shortly, with construction basically completed in 2026 and the route put into operation in 2027.

Addressing the Vietnam Socio-Economic Forum 2022, Mr. Nguyen Quoc Hiep, Chairman of the Vietnam Association of Construction Contractors, proposed several solutions to speed up the disbursement of public investment capital. He said the first bottleneck is that payment and settlement procedures and investment procedures remain cumbersome, and the assignment of responsibilities has not been clarified. The second is that many public construction unit prices are low, some at just one-third of actual implementation, so many contractors do not want to be involved.

By August 19, eight days after implementation began, the VND1.1 trillion ($47 million) package from the Unemployment Insurance Fund to assist workers has helped more than 298,000 workers. The amount spent stands at nearly VND845 billion ($36 million), or 72 per cent of the plan.

Under the socio-economic development plan and State budget estimate for 2023 for Hanoi, the capital will work to boost domestic revenue by 7-9 per cent compared to 2022 estimates. Hanoi will also strengthen the fight against budget revenue losses from business on digital platforms and real estate transfers.

The Ministry of Natural Resources and Environment and the UNDP inaugurated the Vietnam Circular Economy Network within the framework of a conference kicking off the development of a national action plan to implement Vietnam’s circular economy, held on June 28. Implemented and built in 2021 with support from the embassies of Norway, the Netherlands, and Finland in Vietnam, the network will contribute to perfecting institutions and policies and accelerating the transition to an effective circular economy in all socio-economic fields.