This year, the city is set to disburse VND38.8 trillion ($1.68 billion) in public funds or 93.3% of the target set by the prime minister.

Every district, ward, and commune should take the utmost advantage of the subdued pandemic situation to focus on socio-economic development, said the city’s Mayor Chu Ngoc Anh.

The main goal is for Hanoi to achieve the highest possible disbursement rate during the last six months of 2022, with the city continues focusing on addressing the concerns of districts and wards in public investment.

Hanoi’s authorities are working with related parties to ensure the completion of public projects as scheduled.

The figure is slightly higher than the amount recorded for 2022.