Prime Minister Le Minh Hung has urged Ha Noi to establish more ambitious development objectives and standards that reflect its significance as the country's political and administrative hub, emphasizing that the capital should enhance its contributions to the nation's double-digit growth goal.
The PM recognized Ha Noi’s accomplishments and input to national progress but highlighted some deficiencies.
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The GRDP growth for the first quarter of 2026 did not meet the anticipated scenario, while the consumer price index increased more than the national average, and he noted that the execution of special mechanisms under the Capital Law continues to encounter various challenges.
The mobilization of private sector investment has not yet fulfilled the needs, he continued, highlighting that numerous public investment initiatives and essential infrastructure projects are still delayed due to issues with land clearance, land availability, and resettlement housing.
He mentioned that environmental pollution, traffic congestion, urban flooding, overcrowded schools, and a lack of highly skilled workers in digital technology, artificial intelligence (AI), big data, and semiconductors continue to be urgent problems.
PM Hung called on Ha Noi to effectively execute the resolutions and conclusions made by the Party Central Committee, the Politburo, the Secretariat, the National Assembly, and the Government concerning capital development in this new era.
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Ha Noi was urged to expedite the implementation of the Capital Law and enhance connections with regions in the Capital Area and the Red River Delta, especially in transportation infrastructure, environmental preservation, water resource management, air quality regulation, and the formation of production and supply chains for goods and services.
The PM stressed that Ha Noi needs to meet its 11 percent growth goal for 2026 by implementing thorough solutions and consistently evaluating growth scenarios. He urged the city to tap into growth opportunities in processing, manufacturing, trade, services, finance, banking, insurance, transport, logistics, construction, and real estate, while managing inflation and maintaining market stability.
The government official highlighted the importance of mobilizing and optimizing all resources for development, encouraging Ha Noi to develop sustainable strategies to enhance budget revenue, promote frugality, and reduce at least 10 percent of ongoing expenditures, along with additional cuts to allocate resources for developmental investment and social welfare.
The city needs to optimize land resource utilization, enhance public investment efficiency, and direct funds to impactful, spillover initiatives. Simultaneously, it must increase initiatives to attract private investment, aiming for a proportion of one unit of public funding to five to ten units of off-budget resources.
Local authorities were urged to enhance the appeal of FDI, ODA, and credit inflows, while examining the option of issuing capital bonds to fund important priority projects.
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Simultaneously, the city needs to reassess its medium-term public investment strategy for 2026–2030, emphasizing concentrated, non-fragmented expenditures and reducing the number of projects by at least 30 percent compared to the earlier period. It must also aim to completely allocate 100 percent of public investment funds by 2026.