Hai Phong adjusts 2026 public investment plan
Hai Phong has revised and supplemented its 2026 public investment plan, with total capital after adjustment reaching 36.78 trillion VND, down 10.82 billion VND from the previously approved figure.
The resolution was adopted at the first session of the 17th Hai Phong People’s Council, approving the first revision of the 2026 public investment plan.
The council agreed to adjust funding allocations for a number of projects, while extending the capital allocation period for projects exceeding the prescribed timeframe under the 2026 plan.
Funding sources include 28.96 trillion VND from land-use revenues, 6.114 trillion VND from centralized capital construction funds, and 1.367 trillion VND in loans, along with contributions from organizations and individuals in accordance with the law, lottery revenues and proceeds from state-owned enterprise divestments.
Under the revised plan, priority continues to be given to key tasks and major projects. Of the total, 3.803 trillion VND is allocated for site clearance and resettlement linked to the Lao Cai–Hanoi–Hai Phong railway project passing through the city; 22.351 trillion VND for city-managed projects; and 1 trillion VND entrusted through the Vietnam Bank for Social Policies. Funding is also secured for the national new rural development program and grassroots infrastructure investment.
The adjusted list focuses on major infrastructure projects, including the Ring Road 2 project from Tan Vu to Hung Dao to Bui Vien Street, with total investment of 8.593 trillion VND; a connecting road between Nguyen Luong Bang and Tran Nhan Tong streets in the former Kien An district; and projects upgrading drainage systems, urban transport infrastructure and resettlement areas across the city.
The plan also allocates capital for education, agriculture and fisheries infrastructure, while implementing ODA-funded projects, including the Hai Phong Climate Resilient City Development Project financed by the World Bank, with total investment of 9.908 trillion VND.
In addition to ongoing projects, the city will fund several new projects starting in 2026, including dyke upgrades, construction of key sluice gates, technical infrastructure development and projects supporting local socio-economic growth.
Hai Phong News