The city is seeking investment capital sources for ongoing transport projects, which open doors to donors such as World Bank.

Under the new resolution, Hanoi would take the leading role in the industrialization and modernization process by 2030 as well as serve as the growth engine of the region and the country overall.

Efforts to prevent property prices from rising have been left unfinished due to the low supplies of social housing and many projects remaining frozen on legal issues and complicated administrative procedures.

The banking sector will continue providing support for its customers affected by the pandemic, including ongoing efforts to restructure debt payments and waive and cut interest rates.

For the next 30-50 years, Hanoi and Ho Chi Minh City should consider expanding the underground spaces, seen as a more cost-effective solution to high-density urban areas.