Hai Phong accelerates public investment disbursement in early 2026
In the spirit of the Prime Minister, Hai Phong is stepping up the public investment disbursement from the very beginning of 2026 to create momentum for economic growth.
Ensuring project progress
Major construction sites across the city have already stepped up projects in the first days of the lunar New Year. From transport projects and resettlement areas to urban infrastructure works, ensuring progress alongside capital disbursement has been clearly emphasized by the city authorities.
The Ring Road 2 project, section Tan Vu – Hung Dao – Bui Vien, stretches approximately 11 kilometers with a total investment of over VND 8.59 trillion, funded by the municipal budget. IN the light of the city’s directive, contractors have been urged to mobilize additional manpower and equipment. According to Vu Van Cuong, representative of the Hai Phong Management Board of Traffic Construction Investment Projects, since October 2025, after full site was handed over, contractors have accelerated construction.
By the end of January 2026, site clearance in Hai An, Hung Dao and Kien An wards had reached 83%, while construction progress stood at 33% of the contract value, excluding contingencies.
The expansion of Nguyen Truong To and Bui Vien streets, from National Highway 10 to Ring Road 2, is expected to commence by the end of the first quarter of 2026.
Meanwhile, the Van Bridge and Road project, which connects National Highway 37 in Chi Linh City with the Trieu Bridge access road in the former Kinh Mon township, with a total investment of VND 1.296 trillion, is also being accelerated. As of late January 2026, construction had reached more than 31.3% of the contract value.
Striving to surpass disbursement targets
Under the 2026 public investment disbursement plan, Hai Phong aims to disburse 18.1% of the Prime Minister-assigned plan by the end of the first quarter, 39.9% by the second quarter, 65% by the third quarter, and 91.9% by the fourth quarter. By the end of the 2026 fiscal year, the city targets disbursement exceeding 100% of the plan assigned by the central government and fully completing the city’s allocated capital plan.
This ambitious target will require strong and coordinated efforts across the entire political system, particularly as a significant amount of capital still needs to be disbursed in the months ahead.
For February 2026, the city has instructed project owners to accelerate disbursement, expedite site clearance and fast-track centrally and municipally funded projects. Priority will be placed on completing investment procedures, selecting contractors and ensuring strict compliance with project schedule.
The municipal People’s Committee has also called for faster project acceptance and final settlement procedures. Settlement deadlines must not exceed nine months for Group A projects, six months for Group B, and four months for Group C.
With strong direction from the beginning of the year, Hai Phong aims to fulfill its public investment disbursement plan, providing momentum for economic growth and supporting the city’s 2026 socio-economic development targets.
Hai Phong News