The proposed investment and construction project aligns with Hanoi's strategic development orientation, which had earlier received in-principle approval from General Secretary To Lam for further research.

Hanoi is currently preparing to launch several other major infrastructure projects, including the Olympic sports urban area, a new road connecting Gia Binh Airport to Hanoi, and bridges across the Red River.

The Standing Government assessed that these projects are of great strategic importance to the development of the capital, the Red River Delta region, and the country as a whole  -  all contributing to the goal of achieving 11% GDP growth between 2026 and 2030, under what is being dubbed the “Red River miracle.”

The Standing Government agreed in principle to the proposal from Hanoi to study and invest in constructing the Red River landscape boulevard.

The project must meet the goals of being "culturally rich, civilized, green, clean, beautiful, safe, modern, efficient, and of international stature." It is expected to effectively utilize ground, water, underground, and overhead space, transforming the Red River into a gentler, more graceful, and aesthetically pleasing feature in the capital.

Furthermore, the boulevard is intended to support internationally competitive socio-economic development and generate substantial employment and livelihood opportunities for local residents.

The Government tasked the Hanoi People's Committee with reviewing and ensuring the project's compliance with the Capital Planning, General Master Plan for the Capital, Red River Subdivision Plan, and other relevant plans. The investment must ensure socioeconomic efficiency, follow a phased approach with clearly defined milestones, and avoid spreading resources too thin.

The Standing Government urged that groundbreaking for the project be targeted for December 19 and completion aligned with the 100th anniversary of the founding of the Communist Party of Vietnam (February 3, 2030).

Regarding special mechanisms and policies for the project, Hanoi authorities have been instructed to fully leverage powers granted by the Capital Law when determining necessary measures.

Only in cases where mechanisms or policies fall outside the current legal framework - such as those concerning irrigation, disaster prevention, environmental protection, investment, or bidding - should proposals be submitted to higher authorities. These proposals must include justifications for necessity and rationale.

Importantly, the Government emphasized that no corruption, misconduct, or interest group exploitation must occur during project implementation.

The Chairman of the Hanoi People's Committee is assigned to lead consultations with relevant ministries and agencies to achieve consensus on specific mechanisms requiring Politburo approval. The Hanoi Party Committee is to coordinate with the Government Party Committee to submit proposals to the Politburo by November 20.

Based on the Politburo’s feedback, the Standing Government assigned the Ministry of Finance to collaborate with Hanoi authorities and other agencies to finalize the government’s report for submission to the National Assembly and its Standing Committee. At the same time, a draft Government Resolution will be prepared under a fast-track process to institutionalize special mechanisms for project implementation. Once approved, the Government will submit this resolution to the National Assembly for formal reporting as required.

Regarding the Olympic sports urban area project, the Standing Government also requested Hanoi’s Party Committee to thoroughly review and propose any necessary special policies to support timely and effective implementation. These will be submitted together with the Red River boulevard project in the same report to the Politburo.

Tran Thuong