The mechanism has proven its necessity and practical usefulness for Hanoi's development, especially as this gives local authorities flexibility in budget management to adapt to the city's needs in certain situations.

The city’s authorities would continue to accompany the business community in its development process, with the ultimate goal of contributing to the prosperity of Hanoi.

Hanoi would need at least 741 hectares of clear sites for the project, covering areas in seven districts.

The Italian Ambassador to Vietnam said that Italy wants to contribute to cultural diversification in Hanoi.

An adequate transport infrastructure system is the key to promoting economic growth, Chairman of the Hanoi People’s Committee Tran Sy Thanh has said.

Successes of South Korean businesses in Hanoi contribute to the development of Vietnam in recent years.

Vietnam and Cambodia remain close neighbors with strong ties at both governmental and people levels, covering various fields from the economy, culture, and politics to diplomacy.

Hanoi always listens to recommendations from South Korean companies to boost cooperation between the two sides.

The city aims to exceed the budget revenue target for 2022 by 5% and disburse at least 90% of the public funds.