Hai Phong adjusts public investment plan, prioritizes urgent projects

On April 12, 2026, the Haiphong City People’s Committee proposed that the Haiphong City People’s Council adjust and supplement the 2026 public investment plan. The plan would reduce funding for three projects financed through socialization and reallocate capital to a number of urgent projects, with the aim of promptly funding newly approved initiatives, accelerating disbursement, and improving the efficiency of public investment use.

Climate-change adaptation and flood-control projects prioritized

On February 18, 2026, Haiphong approved the Haiphong City Development Project for climate-change adaptation, with total investment of more than 9,908 billion VND (approximately 408.1 million USD). Financing includes World Bank IBRD loans of more than 6,626 billion VND and domestic counterpart funding of more than 3,281 billion VND. The project will be implemented across multiple districts and counties with cross-regional characteristics and a large scale.

The project includes four main components: urban infrastructure development in Thủy Nguyên; upgrading the River Ré environment; reducing flooding in the central area; and strengthening urban management capacity to adapt to climate change. The city said the initiative is expected to support completion of transport infrastructure, expand urban development space, and enhance regional linkages, while promoting green and sustainable urban development with long-term resilience.

Earlier, on January 7, 2026, Haiphong approved upgrades to eastern dike segments along the Kinh Thầy River and the eastern Đá Bạc dike, with total investment of over 356.6 billion VND. The works will upgrade 6.8 km of the eastern Kinh Thầy dyke and 10.49 km of the eastern Đá Bạc dyke to achieve a 7-meter crest width, including 6 meters of concrete paving and the rebuilding of 9 culverts under the dike. The project is located in Việt Khê commune and in the Lưu Kiếm and Bạch Đằng wards.

On the same day, Haiphong also approved an investment project to construct under-dike culverts, with total investment of about 450 billion VND. The project aims to replace 23 old culverts with new reinforced concrete culverts across the communes/wards of Vĩnh Hòa, Vĩnh Hải, Vĩnh Am, Tiên Lãng, An Lão, Việt Khê, and Bạch Đằng—areas described as having important dyke and irrigation systems for drainage and flood prevention.

Additional newly funded projects

Beyond the three key flood-control and climate-adaptation projects, Haiphong approved two other public investment projects, bringing the total number of newly funded projects to five. These include the Ben Van River crossing bridge project linking Thành Đông ward to Nam Sách commune, and a project to invest in constructing, renovating, upgrading, and expanding housing for cadre residents on Bach Long Vĩ island in Haiphong’s Hai Phong Archipelago (now the Bach Long Vĩ Special Zone).

Cause: timing gaps and settlement/payment constraints

Haiphong said some projects were approved after the funding schedule set for the end of 2025 and still need to be completed in 2026–2027. As a result, the city proposed adding capital beyond the original plan to promptly allocate resources for projects that have completed procedures, thereby accelerating implementation and disbursement and improving the use of public investment.

The city also identified 16 works and projects in Groups A, B, and C that require review of capital planning. Among them, the project to build technical infrastructure for the Mậu Tân resettlement area (Group C, started in 2019) and the Nam Đình Vũ coastal dyke project (Group B, started in 2011) have essentially completed main components and are currently in the stage of filing and settlement.

Haiphong noted that these projects have exceeded the time limits for capital allocation under the previous plan, creating difficulties in payment and finalization. Therefore, the Haiphong People’s Committee proposed that the City Council consider approving adjustments and supplements to the 2026 public investment plan to ensure sufficient financial resources for payment and settlement in line with regulations.

Data on socialized funding and reallocation needs

Under the 2026 capital plan, Haiphong said there are 3 projects funded by contributions from agencies and organizations, with total mobilized funds of 50 billion VND. To date, two projects have completed settlements and one has finished construction and is finalizing settlement procedures. These projects used about 39.18 billion VND, below the allocated budget. As a result, Haiphong stated that demand for public investment from social sources decreased by 10.82 billion VND, and it proposed reducing the total 2026 public investment capital from the city budget by the saved amount.

Based on the approved projects, projects that are completed but budget-constrained, and projects that did not utilize all allocated budget, Haiphong said it needs to adjust the 2026 public investment plan. Funds would be transferred from some other projects to newly approved projects to ensure progress.

Next steps

Haiphong said the adjustment and supplementation of the 2026 public investment plan is expected to be considered by the Haiphong City People’s Council at the upcoming first session of the XVI term (2026–2030).