Hai Phong plans over VND 38.76 trillion in public investment for 2027
Hai Phong plans to allocate VND 38.76084 trillion in public investment in 2027, including more than VND 2.428 trillion for high-speed railway projects.
At the sixth session of the 17th Hai Phong People's Council, Resolution No. 52 on the city's 2027 public investment plan was adopted.
Under the plan, total public investment managed by the city in 2027 is projected at VND 38.76084 trillion. Of this amount, VND 3.84644 trillion will come from the Central budget. The actual allocation will be determined after the Prime Minister and the Ministry of Finance announce the funding levels, with the Hai Phong People's Committee tasked with determining the specific amounts allocated to each project accordingly. The city budget will contribute VND 34.9144 trillion.
Of the VND 34.9144 trillion, the city plans to allocate VND 24.534221 trillion to projects under its direct management, VND 6.783482 trillion in targeted supplementary funding for lower-level budgets and through budget decentralization, VND 2.056176 trillion to projects serving the Ha Noi - Quang Ninh high-speed railway project, and VND 372.706 billion to projects serving the Lao Cai - Ha Noi - Hai Phong railway project’s section passing through Hai Phong.
The Hai Phong People's Council assigned the City People's Committee to direct the implementation of the resolution in compliance with legal regulations. The Standing Board of the People's Council, its committees, delegations and individual members will supervise the implementation.
BUI HUONG