The planning project is expected to not only help alleviate population density in the inner city area but also serve as a driving force for the sustainable development of the capital city, namely the city-within-a-city model.

The project is important for easing traffic congestion in the capital.

Construction is scheduled to take two years, with an anticipated completion date in 2027.

In recent years, Hanoi has prioritized and invested resources in renovating, upgrading, and modernization of the sewerage and drainage system.

The city will expedite investments in constructing and enhancing environmental infrastructure specifically designed for craft villages.

On the morning of June 25, the groundbreaking ceremony for the Capital Region's Ring Road No.4 construction project was held simultaneously at four sites in Hanoi amid a festive atmosphere of officials, Party members, and people from the districts through which the project passes and the city.

The construction of Ring Road 4 - Capital Region, designed to facilitate restructuring urban areas in the surrounding localities, began today in Hanoi.

The investment in the construction of Ring Road 4, located in the Capital Region, will create new opportunities for development in the entire region, said Prime Minister Pham Minh Chinh.

The municipal party chief considers the project a political duty and urges local units to ensure timely, high-quality completion by 2026.

The soon-to-be amended Law on Housing is intended to encourage foreign investment and create favorable conditions for foreigners living in Vietnam.

The amendment to the Housing Law is expected to be approved during the 6th session of the National Assembly, scheduled for the end of 2023.

The Prime Minister has ordered Hanoi to impose strict controls on the central area's high-rise development and implement programs to renovate and rebuild the city.

Hanoi aims to preserve traditional cultural identities, protect the environment, and strive for sustainability to create a harmonious relationship between rural and urban areas.

The US$469-million Xuan Cau Industrial and Non-Tariff Cluster is located at Lach Huyen Deep Sea Port in the northern port city of Haiphong.

During this period, Hanoi saw positive developments in its housing development plans, with nearly 50 million square meters of new residential floor space built and the housing needs of tens of thousands of households met.

Hanoi is tasked with starting the construction of the Ring Road No.4 project in June.

The Prime Minister has set up five task forces to facilitate the disbursement.

It is expected to help ease the pressure on the country's petroleum supply.

For the capital's urban transportation network and for connecting the country's road and rail systems, the project is of particular importance.

The economic objective outlined for 2021-2030 is an average annual GDP growth rate of around 7%.

The program will soon select three pilot projects in the residential, office, retail, education, and hospitality sectors to assess and build resilience for subsequent large-scale implementation.

The restoration of old villas shows Hanoi’s strong determination to preserve and create its own identity. This not only honors the past but also keeps the values for future generations.

Effective disbursement of public funds is considered a critical political task for local authorities.