Following a recent decision by the Da Nang People’s Committee, a total of 7,650 billion VND will be poured into local basic construction projects this year.

Of this, 6,422 billion VND has been mobilised from domestic investment sources, whilst the remaining 1,228 billion VND has been from foreign capital.

In detail, of the total domestic investment capital, 3,215 billion VND is from the municipal budget, nearly 570 billion VND from central government budget, 2,489 billion VND from land use fee collections, 145 billion VND from lottery revenues, with the small remainder from other sources.

In regard to allocations, the majority of the total capital will be spent on basic construction projects, whilst the remainder will go to rural development programmes and climate change mitigation green growth promotion.