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MINISTRY OF EDUCATION AND TRAINING MINISTRY OF PLANNING AND INVESTMENT DEVELOPMENT STRATEGY INSTITUTE _ MOBILIZING CAPITAL FOR INVESTMENT AND DEVELOPMENT OF ROAD TRANSPORT INFRASTRUCTURE IN HANOI CITY Specialization: Development Economics Code: 9310105 SUMMARY OF THESIS DEVELOPMENT ECONOMY Ha Noi – 2023 The work was completed at:…………………………………………… …………………………………………………………………………… Supervisor 1: Supervisor 2: Reviewer teacher 1: Reviewer teacher 2: Reviewer teacher 3: The thesis will be defended before the State Thesis Judging Committee meeting at …………………………………………………………………………………… Thesis can be found in the library: ………………………………… INTRODUCTION Reasons for choosing a topic Development of road transport infrastructure of a centrally city is a matter that has not been adequately studied, many theoretical issues on mobilizing investment capital for the development of transport infrastructure such as factors affecting the mobilization of investment capital for the development of transport infrastructure have not been ranked in order of importance of factors Identifying the content and nature of the issue of mobilizing investment capital for the development of road transport infrastructure as well as the criteria for assessing the efficiency of using the investment capital raised for the development of road transport infrastructure have not been clearly studied All such issues should be studied seriously and with caution The practical issue of increasing mobilization results and efficiency of using capital raised for the development of transport infrastructure should be studied for satisfactory answers From all the above, the author chose the topic "Mobilizing capital for investment and development of road transport infrastructure in Hanoi city" as a PhD topic in Development Economics Research objectives and tasks 2.1 Research objectives The objective of the thesis is to clarify the main theoretical issues on mobilizing investment capital for road transport infrastructure development, assessing the current situation and proposing orientations, solutions to increase the results and efficiency of using the capital mobilized for investment in the development of transport infrastructure of Hanoi city 2.2 Research tasks In order to achieve the defined objectives, the thesis will focus on the following main tasks: - Clarify the main theoretical issues on capital mobilization for investment in the development of road transport infrastructure associated with the city directly under the central government - Assess the current status of capital mobilization for investment in the development of road transport infrastructure of Hanoi city - Propose orientations and solutions to enhance the results and efficiency of capital use for investment in the development of road transport infrastructure of Hanoi until 2030 Subjects of study The research subjects are the road transport infrastructure and mobilizing capital for investment in the development of road transport infrastructure in Hanoi city and related entities Scope of research - Contents: Study both theory and practice, both the current situation and the future of mobilizing investment capital for the development of transport infrastructure in Hanoi city; propose orientations and solutions to improve the results and efficiency of using capital mobilized for investment in the development of road transport infrastructure in Hanoi city The road transport infrastructure will be researched in the thesis including the basic components: roads, overpasses, underpasses, intercity bus stations, static traffic yards - About space: Study of Hanoi city When necessary, the author considers also relations with other localities in related areas - About time: Mobilizing capital for investment in the development of road transport infrastructure of Hanoi in the period of 2015 - 2022 Forecast to 2030 Research framework, approaches and methodologies 5.1 Research Framework The research framework indicates the tasks to be done and the order in which they are performed during the thesis research 5.2 Research approach 5.2.1 Approach to the system 5.2.2 Access from resources 5.2.3 Institutional approach 5.2.4 Causal approach 5.3 Research methodology 5.3.1 Statistical analysis methods 5.3.2 Comparison method 5.3.3 Expert method 5.3.4 Forecasting method 5.3.5 Survey methodology 5.3.6 Mathematical modeling methods New contributions of the thesis a) Theoretical and academic: The thesis has further clarified the concept of road transport infrastructure development, mobilized capital for investment in road transport infrastructure development, pointed out factors affecting capital mobilization for investment in road transport infrastructure development, determined criteria for evaluating capital mobilization results, effectively use the capital mobilized for the development of road transport infrastructure in a centrally city b) Practical: Provide a scientific basis for formulating policies for the development of road transport infrastructure in Hanoi city and propose orientations and solutions to increase the results and efficiency of using mobilized capital for the development of road transport infrastructure in Hanoi by 2030 Structure of the thesis In addition to the introduction, conclusion, bibliography and appendix, the thesis structure consists of chapters: Chapter 1: Overview of published research works related to the thesis topic Chapter 2: Theoretical basis for capital mobilization for investment in road transport infrastructure development and practical experience Chapter 3: Current situation of capital mobilization for investment in road transport infrastructure development in Hanoi city Chapter 4: Orientations and solutions to increase the results and efficiency of using mobilized capital to develop road transport infrastructure in Hanoi city CHAPTER 2: THEORETICAL BASIS FOR CAPITAL MOBILIZATION FOR INVESTMENT IN ROAD TRANSPORT INFRASTRUCTURE DEVELOPMENT AND PRACTICAL EXPERIENCE 2.1 Concept and nature of mobilizing capital for investment in road transport infrastructure development in a centrally-run city The research object of the thesis is Hanoi city, so in this chapter 2, the author researches theoretical issues for centrally run cities 2.1.1 Concept and characteristics of road transport infrastructure in a centrally run city 2.1.1.1 The concept of road transport infrastructure It can be understood that transport infrastructure is all material and technical conditions such as road systems, overpasses, underpasses, static traffic yards and intercity bus stations 2.1.1.2 Features of road transport infrastructure On the basis of theoretical research and practical research, the author believes that the road transport infrastructure system consists of the following main attributes: First, systematicism Second, synchronicity Third, long-term Fourth, regionality Fifth, publicity Sixth, the transport infrastructure promotes long-term effectiveness 2.1.2 Some important issues on mobilizing capital for investment in road transport infrastructure development in a centrally-run city 2.1.2.1 Concept of investment capital for development of road transport infrastructure in centrally-run cities Investment capital for the development of road transport infrastructure is the investment capital for the renovation, upgrading, repair and new construction of the transport infrastructure system 2.1.2.2 Capital sources for investment in road transport infrastructure development in centrally-run cities a Mobilizing investment capital for road transport infrastructure development from the state - State budget capital - State development credit loans - Capital from bond issuance b Mobilizing investment capital for road transport infrastructure development from ODA c Mobilizing investment capital for road transport infrastructure development from the private sector 2.1.2.3 Investment in the development of road transport infrastructure and its characteristics Investment in the development of road transport infrastructure is understood as bringing an amount of investment capital obtained to develop road transport infrastructure in a certain area in order to have a road transport infrastructure system that meets the requirements of economic, social, security and defense development Investment in the development of road transport infrastructure has distinct characteristics, specifically including: Firstly, investment in the construction of road transport infrastructure often requires a large amount of capital, a long construction investment time, slow return on capital and contains high risks Secondly, investment in the construction of road transport infrastructure often uses state capital, especially in the period when the economy is not yet developed Thirdly, investment capital for the construction of road transport infrastructure works for long-term development and use for the whole society 2.1.2.4 Concept of capital mobilization for investment in road transport infrastructure development in centrally-run cities Mobilization of investment capital for the development of road transport infrastructure is understood as the mobilization of state and private investment capital by state agencies to develop road transport infrastructure in the area according to law and according to the defined planning 2.2 Factors affecting capital mobilization for investment in road transport infrastructure development of a centrally-run city The tests of the regression model have been accepted (Analysis tables in Appendix 2), through which the independent variables in the model have an effect on the dependent variable according to the normalized regression equation as follows (Sorted by degree of influence from high to low) HĐV = 0,316*NLQTTC + 0,246*CSPL + 0,225*KTXH + 0,197*HNKTQT + 0,171*DKTN + 0,166*TCVHGT 2.2.1 Capacity of management subjects and capacity of units making investment in road transport infrastructure construction 2.2.2 State guidelines and laws and specific local policies on road transport infrastructure development 2.2.3 Local level of economic and social development 2.2.4 International economic integration 2.2.5 Geographical location and natural conditions 2.2.6 Organization of transport and traffic culture of the people 2.3 Evaluation of results and efficiency of use of capital mobilized for investment in road transport infrastructure development for centrally-run cities 2.3.1 Request assessment of results and efficiency of use of capital mobilized for investment in road transport infrastructure development in centrally-run cities Firstly, evaluating the results of mobilization and efficiency of using capital mobilized for the development of road transport infrastructure must create a scientific basis to increase the mobilization results and efficiency of using capital mobilized for the development of road transport infrastructure of centrally cities Secondly, in the sources of capital mobilized for the development of road transport infrastructure in the centrally-run city, it is necessary to clearly consider the capital structure that has been mobilized and its dynamics over the periods Thirdly, the mobilization of capital for the development of road transport infrastructure must meet the needs of socio-economic development as well as the travel needs of people, so attention must be paid to assessing people's opinions and satisfaction levels in the process of traveling and using the transport system 2.3.2 Criteria for evaluating the results and efficiency of using capital mobilized for investment in road transport infrastructure development for centrally-run cities 2.3.2.1 Criteria for evaluating results of mobilizing investment capital for road transport infrastructure development a Total scale of capital mobilized for investment in road transport infrastructure development b Growth rate of investment capital for road transport infrastructure development c Structure of investment capital sources mobilized for the development of road transport infrastructure d Structure of investment capital sources mobilized for the development of road transport infrastructure according to types of road traffic e The ratio of total capital mobilized for investment in road transport infrastructure development to the total investment capital for development in the area f The proportion of capital mobilized for investment in road transport infrastructure development between inner and outer cities g Total mobilization of investment capital for road transport infrastructure development compared to planned needs (or compared to plans) 2.3.2.2 Criteria for evaluating the efficiency of using capital mobilized for investment in road transport infrastructure development a Volume and proportion of loss and waste of mobilized capital b Ratio of attraction of private capital and ODA capital per state capital c Assess people's satisfaction with road transport infrastructure 2.4 Experience in mobilizing investment capital for road transport infrastructure development of some domestic cities 2.4.1 For Ho Chi Minh City The City People's Committee establishes and approves the planning for the road transport infrastructure and pays attention to the organization of bidding for implementation From that plan, Ho Chi Minh City has used the bond issuance plan to mobilize capital for the previously set plan and planning 2.4.2 For Da Nang city The city of Da Nang has planned a land fund for the development of road transport infrastructure and has communicated publicly through the mass media to residents and businesses 2.4.3 Lessons learned for Hanoi city Firstly, it is necessary to have a plan and plan for the development of road transport infrastructure in the locality to have a basis for planning to mobilize capital for the development of road transport infrastructure in a proper way Second, it is necessary to diversify the form of mobilizing investment capital to develop the road transport infrastructure in the area Chapter Conclusion: In chapter 2, the author focuses on clarifying the main theoretical issues to create unified scientific bases for thesis research (especially creating scientific bases for the study of chapters and of the thesis) The thesis clarified the concept of road transport infrastructure, mobilizing development investment capital for the city's road transport infrastructure, pointed out factors affecting the 10 The pace of urbanization in Hanoi is getting faster and faster It is undeniable that urbanization is one of the important factors in the formation and development of new urban projects and urban areas However, due to the 2nd largest population in the country, Hanoi's GRDP per capita is only VND 133 million, lower than Bac Ninh, Quang Ninh and Hai Phong 3.1.4 International economic integration Hanoi capital is home to embassies of other countries, living and working places of international organizations, non-governmental organizations, as well as foreigners, so the development of road transport infrastructure has been paid attention to development 3.1.5 Geographical location and natural conditions Hanoi is the capital, centrally run city and a special type municipality of the Socialist Republic of Vietnam Hanoi has a terrain consisting of the central plains and hilly areas to the north and west of the city With this area, Hanoi is the largest city directly under the central government in Vietnam, as well as the second most populous city and the second highest population density among the 63 provincial administrative divisions of Vietnam 3.1.6 Organization of transport and traffic culture of the people About the organization of transportation: The transport organization has been noticed by the city for a long time, but lacks many development factors, so freight and passenger transport still faces many difficulties Traffic culture: People's traffic culture has gradually been formed, but there is no common policy policy, so it still reveals many limitations to get traffic in the area in a progressive way 3.2 Current situation of capital mobilization for investment in road transport infrastructure development in Hanoi city 3.2.1 Results of mobilizing investment capital for the development of the road transport infrastructure system of Hanoi city 3.2.1.1 Scale, structure and growth rate of investment capital for road transport infrastructure development in Hanoi city 11 Mobilizing investment capital for the development of road transport infrastructure only accounts for about 9% - 10% of the total development investment capital in the area; Total investment capital for the development of the road transport infrastructure system in Hanoi city has gradually increased over the years, accumulated in the period of 2015 - 2022 is VND 263,664 billion 3.2.1.2 Current situation of mobilizing state capital to invest in road transport infrastructure development in Hanoi city a Investment capital from the State Budget Total state capital for investment in infrastructure development reached VND 146,024 billion In particular, investment capital allocated from the state budget in the period of 2015-2022 dominated with VND 114,604 billion, equivalent to 78.5% of total investment capital from the state b Capital from bond issuance Total investment capital in the period of 2015 - 2022 from bond issuance is VND 21,300 billion, accounting for 14.6% of the total state investment capital c State credit loans The loan source of the development investment fund is VND 10,120 billion, accounting for 6.9% of the total investment capital from the State to support the construction of rural roads in the way that the State and the people participate 3.2.1.3 Current situation of capital mobilization from ODA investment capital ODA capital in the period of 2015 - 2022 for investment in the development of road transport infrastructure in Hanoi city is VND 31,127 billion, tending to increase gradually over the years, accounting for about 12% of the total mobilized capital 12 3.2.1.4 Situation of mobilizing capital from the private sector to invest in the development of road transport infrastructure in Hanoi city Capital mobilized from the private sector, mainly in the form of public-private partnership in the period of 2015 - 2022 for investment in infrastructure development in Hanoi is VND 86,513 billion, accounting for 33% of the total capital mobilized 3.2.1.5 Current situation of using mobilized capital implemented under the transport system In the period of 2015 – 2022, investment capital for road development is the largest with VND 212,250 billion, accounting for 80.5%, followed by investment capital for overpasses and tunnels is VND 45,087 billion, accounting for 17.1% Capital for stationary transport development is the lowest with more than VND 6,000 billion, accounting for only 2.4% 3.2.1.6 Current situation of using mobilized capital for road transport infrastructure development by locality Road transport infrastructure is mainly distributed in the inner city of Hanoi, specifically: Capital expenditure for the inner city in the period of 2015 – 2022 is VND 175,864 billion, accounting for 66.7%; Capital expenditure on suburban areas was VND 87,800 billion, accounting for 33.3% 3.2.1.7 The level of meeting the demand for investment capital for road transport infrastructure development From 2019 to 2022, the implementation rate compared to the cumulative plan is only about 65% 3.2.2 Efficiency of using capital mobilized for investment in development of road transport infrastructure system of Hanoi city 3.2.2.1 Situation of loss and waste of mobilized capital The wastage rate of about 12.05% between 2015 and 2022 is alarming 13 3.2.2.2 Coefficient of attracting capital from state capital In the period of 2015 – 2022, with 100 dong of state budget capital, 21 dong of ODA capital and 59 dong of capital from the private sector will be attracted 3.2.2.3 Survey results of people's satisfaction with road transport infrastructure Through the survey, the author found that the satisfaction level of people in suburban areas is higher than in the inner city in terms of freight transportation but lower in passenger transport 3.3 Situation of road traffic development and the level of satisfaction of road transport requirements of Hanoi city 3.3.1 Characteristics of Hanoi traffic network Hanoi is the capital city and is located in the central area of the North, next to the Red River, transportation from Hanoi to other provinces of Vietnam is relatively convenient In the inner city, Hanoi's streets are often congested due to poor urban infrastructure, the number of vehicles participating in traffic is too large – especially cars and motorbikes 3.3.2 Overview of Hanoi road traffic system The entire road traffic system in Hanoi city has a total length of 22,918 km, of which the city-level road system is managed by the Department of Transport 3.3.2.1 Current status of the expressway system in Hanoi Hanoi is planned with 11 expressways, radial axis passing through the city 3.3.2.2 Current status of the national highway system in Hanoi In the city, there are 14 national highways running through with a total length of 433.4 km, of which 359.2 km of asphalt concrete pavement, 74.2 km of asphalt crushed stone pavement 3.3.2.3 Current status of the provincial road system in Hanoi Hanoi City assigned the Hanoi Department of Transport to manage and operate 83 provincial roads with a length of 1568.3 km 14 3.3.2.4 Current status of urban roads, districts and communes in Hanoi city According to the report on the results of the survey and survey of the current traffic status of Hanoi city up to December 2022 of the Hanoi Department of Transport, the total length of roads of this group is more than 20,485 km, accounting for the majority of the road traffic system in Hanoi 3.3.2.5 Current status of passenger bus station system in Hanoi city Although Hanoi has been expanded in area, there are currently only intercity bus stations (total area of 19.53 ha) With the current population density and high travel demand, the number of bus stations is lacking 3.3.2.6 Current status of flyover system in Hanoi inner city The inner city of Hanoi has 12 bridges across key intersections, helping to reduce traffic congestion in the inner city of Hanoi 3.3.2.7 Current status of underground tunnel system in Hanoi inner city By the end of 2022, the inner city of Hanoi has underground tunnels that have been put into operation 3.3.2.8 Current situation of static traffic in Hanoi This is a pressing issue for the city of Hanoi Due to the lack of prior planning, Hanoi faces great difficulties in static traffic 3.3.2.9 Traffic congestion and flooding of streets in Hanoi *Traffic congestion situation in Hanoi The author agrees with the Department of Transport that the basic causes of traffic congestion today stand out: overloading the traffic infrastructure system; the awareness of a part of the people when participating in traffic is not high; investment in the development of traffic infrastructure is not synchronous according to the plan; many construction works on roads cause narrowing of the cross-section of roads, leading to congestion traffic; main axis roads, large bridges with a large traffic density 15 *The situation of flooding the streets in Hanoi According to the Department of Transport, gas flooding has accumulated rainfall of about 30-70 mm, 120 mm, many streets flooded up to 30-40 cm 3.4 General assessment of capital mobilization for investment in road transport infrastructure development in Hanoi city 3.4.1 Results achieved and causes 3.4.1.1 Major achievements Firstly, in terms of the scale of mobilized capital, state capital or more specifically, the state budget for the development of road transport infrastructure increased in number; Secondly, the level of meeting the socio-economic development requirements of the road transport infrastructure has also been at a decent level The level of satisfaction of people is relatively high (85%-90%) 3.4.1.2 Main causes of the results achieved In recent years, the Hanoi city government has paid more attention to infrastructure development which is the construction of road transport infrastructure from planning to development investment 3.4.2 Limitations and causes 3.4.2.1 Limitations Firstly, mobilizing private capital for road transport infrastructure development in Hanoi in recent years is still less than the demand and compared to the potential of private capital in Hanoi as well as across the country Secondly, the development of road transport infrastructure, despite many efforts, has not met the level of meeting the needs of socio-economic development The level of satisfaction of people with the development of road transport infrastructure is also inadequate Third, Hanoi city has paid attention to spending budget capital for the development of road transport infrastructure but has not yet met the demand, especially the requirement for static traffic 16 development The transport organization in Hanoi city has not followed the direction of modernity and the traffic culture of the people is also flawed Fourth, the concretization of state laws and specific policies on capital mobilization for investment in road transport infrastructure development in Hanoi city also has many unreasonable points Fifth, the total amount of capital mobilized has not met the capital demand for investment in road transport infrastructure development in the area In addition, the use of this mobilized capital is still ineffective, not optimizing the use of capital 3.4.2.2 Main causes Firstly, apart from the general state law on road transport infrastructure development, there have not been many changes to meet the development needs of centrally run cities in general and of Hanoi in particular Secondly, the legal framework for mobilizing ODA and private capital to build road transport infrastructure is also general Third, in terms of management capacity of state agencies, there are shortcomings that need to be corrected Chapter Conclusion: Chapter 3, after a general assessment of the factors affecting the mobilization of capital for the development of road transport infrastructure in Hanoi in order of importance of factors as mentioned in Chapter 2, the thesis has deeply assessed the situation of attracting capital for the development of road transport infrastructure Specify the successes and limitations of attracting capital in recent times At the same time, it pointed out the reasons for the successes and limitations in mobilizing capital for the development of road transport infrastructure of Hanoi in the period of 2015 – 2022 All these results serve as a scientific basis for the study of chapter of the thesis 17 CHAPTER ORIENTATIONS AND SOLUTIONS TO INCREASE THE RESULTS AND EFFICIENCY OF USING CAPITAL MOBILIZED TO DEVELOP ROAD TRANSPORT INFRASTRUCTURE IN HANOI CITY 4.1 Context affecting capital mobilization for investment in road transport infrastructure development of Hanoi city 4.1.1 International context and its influence The world economy still faces many difficulties in the coming time and the ability to mobilize ODA capital will also be limited The process of digital transformation and the development of electric transport vehicles in line with the green development trend will become an inevitable trend After the COVID 19 pandemic, tourists will return to normal 4.1.2 Domestic context and its influence By 2030, Vietnam will be a developing country with modern industrialization (average income is about $ 7500 / year) According to forecasts by the Ministry of Culture, Sports and Tourism, domestic tourists will grow by 7% - 9% per year Hanoi city is expected to attract about 25-30 million tourists by 2030 The State's mechanisms and policies have been increasingly improved and updated, in order to open channels to mobilize investment capital for the development of road transport infrastructure 4.2 Orientation of socio-economic development of Hanoi city and its impact on capital mobilization for development of the city's road transport infrastructure Hanoi city sets out the development orientation of a smart, civilized and modern city The Hanoi Party Committee has determined that Hanoi's economy will grow from 7.5% / year - 8% / year, Hanoi will welcome about 30 million tourists by 2030 18 4.3 Orientation to mobilize investment capital for the development of the city's road transport infrastructure until 2030 4.3.1 Forecast of demand for development of road transport infrastructure system in Hanoi city The Hanoi Department of Transport has proposed important traffic project groups with 45 works 4.3.1.1 Road system Hanoi is developing according to the trend of urban clusters, with the central nucleus being the core area inside the surrounding 4th and 5th Ring of satellite cities, along with the reciprocity of neighboring cities such as Bac Ninh, Hai Duong, Thai Nguyen 4.3.1.2 System of intercity bus stations and truck gathering stations Regarding the planning of bus and truck terminals until 2025, Hanoi will build bus stations, including: Co Bi wharf, Dong Anh wharf, Yen So wharf and Son Tay wharf 4.3.1.3 Overpass system in Hanoi inner city Proposing investment policies for the project of designing a flyover connecting all directions through the intersection of Nga Tu So - Nguyen Trai In addition, by 2030, the project of building an overpass at An Duong - Thanh Nien Street intersection phase will be invested and built 4.3.1.4 Underground tunnel system in the inner city of Hanoi The Hanoi Traffic Construction Investment Project Management Board proposes to build more tunnels through Ring Road to promote investment efficiency, enhance the connectivity of roads, and minimize traffic congestion in the city 4.3.1.5 Static traffic system By 2025, the city strives to bring the proportion of land reserved for traffic from 12% to 15%; The rate of static traffic reaches 1%-2%, each year reducing 8-10 traffic congestion points By 2030, reach the rate of 15% to 20%, static traffic will reach 2%-3% 19 4.3.2 Forecast of total capital demand and capital structure to be mobilized for investment in road transport infrastructure development in Hanoi by 2030 It is forecasted that the allocation of capital mobilized for the development of road transport infrastructure in Hanoi by 2030, in the period of 2023 – 2025, the total capital of VND 150,571 billion will be contributed by 46% from state capital, 12% from ODA and 42% from private capital In the period of 2026 – 2030, this proportion will change, specifically state capital will only contribute nearly 42%; ODA capital decreased to 10.5%, private capital increased to 47.52% This shows that the orientation of the authorities is to promote the mobilization of capital from the private sector, reducing dependence on state capital and ODA 4.4 Solutions to enhance and improve the efficiency of capital mobilization for investment in road transport infrastructure development of Hanoi city 4.4.1 Grounds for proposing solutions - Factors affecting capital mobilization for investment in the development of road transport infrastructure are mentioned in Chapter - Study experiences related to capital mobilization for development of road transport infrastructure of some big cities in chapter - Causes of achievement and limitations identified in chapter - Development orientations for road transport infrastructure and capital needs for construction of road transport infrastructure are presented at the beginning of Chapter 4.4.2 Main solutions 20 4.4.2.1 Quickly concretize state laws and complete specific policies on capital mobilization for investment in road transport infrastructure development in Hanoi city - Promulgate or propose preferential policies on investment in road transport infrastructure such as: preferential policies on finance, credit and land - Formulate and implement policies to attract large investors with potential to participate in the development of road transport infrastructure in the area Namely: + Compensation for site clearance and resettlement + Administrative procedure reform 4.4.2.2 Improve the efficiency of management, administration, capital mobilization and investment in road transport infrastructure development in Hanoi city a Improving the quality of road transport infrastructure development planning; First, first of all, there must be a long-term planning for road transport infrastructure Secondly, to provide complete, multidimensional, public and transparent information on the development plans and plans for the development of road transport infrastructure Third, in order to have resources to implement the goal, the city needs to review and select a list of urgent and key road transport infrastructure works b Enhance and improve the effectiveness and efficiency of management and administration of the Hanoi city government for the development of road transport infrastructure Firstly, the Hanoi city government publicizes the planning of road transport infrastructure for all people and businesses to know and act Secondly, the city government inspects and supervises the construction bidding and the process of implementing the construction 21 of the road transport Infrastructure according to the plan and according to the plan Third, to remove obstacles in mechanisms for key traffic projects under construction Fourth, strengthen decentralization in capital mobilization and state management for capital mobilization for the development of road transport infrastructure c To enhance budget revenues and well manage local budget revenues for road transport infrastructure development First, strive to collect state budget about 28-29% of GRDP Second, continue to promote tax inspection and inspection d Improve the efficiency of use of investment capital mobilized for road transport infrastructure construction The objective of using capital mobilized for the development of road transport infrastructure in Hanoi city needs to be improved according to the targets e Increase the mobilization of investment capital from the private sector In the period of 2023 – 2030, striving to mobilize private capital to develop road transport infrastructure in Hanoi city, accounting for about 32-33% of the total investment capital demand; 4.4.2.3 Enhance socio-economic development in Hanoi on the basis of modernization Quickly build a digital economy, striving for an economy with a growth rate 1.4-1.5 times higher than the national economic growth Strongly develop e-commerce, develop fields on digital platforms such as information and telecommunications, banking, insurance, technology vehicles 4.4.2.4 Enhance the participation of political organizations and people in mobilizing capital for investment in road transport infrastructure development in Hanoi The subjects participating in social activities and supervision are socio-political organizations in the locality, including the city 22 Fatherland Front, veterans' associations, women's associations, youth unions, 4.4.2.5 Organize transport in Hanoi in the direction of modernity and build an advanced traffic culture for people First of all, the transport scheme in Hanoi must combine between means and types of transport in a reasonable way, suitable to the specific conditions of the city Chapter Conclusion: Chapter examined the influence of the international and domestic context on the development of Hanoi's road transport infrastructure and mobilized capital for investment in the development of Hanoi's road transport infrastructure This chapter also proposes the orientations for socio-economic development – environment – security and defense of the city, clarifying their impact on capital mobilization for investment in the development of road transport infrastructure of Hanoi city The author has synthesized the forecast of the demand for the development of road transport infrastructure in Hanoi city according to planning reports, resolutions of city leaders and forecasted the capital needs and investment capital structure to be mobilized to develop the road transport infrastructure of Hanoi until 2030 The thesis proposes groups of solutions to increase the attraction and improve the efficiency of using capital mobilized for investment in infrastructure development of Hanoi until 2030 CONCLUDE The author has focused on clarifying the main theoretical issues to create unified scientific bases for thesis research (especially creating a scientific basis for the study of chapters and of the thesis) The thesis clarified the concept of road transport infrastructure, mobilizing investment capital for the development of the transport system, pointed out factors affecting the mobilization 23 of capital for the development of road transport infrastructure of the city, and on the basis of theoretical research and practical observations, the author identified 10 main indicators to evaluate the mobilization results and the efficiency of using mobilized capital move The thesis also drew on the experiences of centrally-run cities, Ho Chi Minh City and Da Nang, in mobilizing investment capital for the development of road transport infrastructure to draw lessons for Hanoi city in mobilizing investment capital for the development of road transport infrastructure After a general assessment of the factors affecting the mobilization of capital for the development of road transport infrastructure in Hanoi city in order of importance of factors as mentioned in Chapter 2, the thesis has deeply assessed the situation of attracting capital for the development of road transport infrastructure, Specify the successes and limitations of attracting capital in recent times At the same time, it pointed out the reasons for the successes and limitations in mobilizing capital for the development of road transport infrastructure of Hanoi in the period of 2015 – 2022 All these results serve as a scientific basis for considering the influence of the international and domestic context on the development of road transport infrastructure and mobilizing capital for investment in the development of road transport infrastructure in Hanoi city The thesis pointed out the orientations of socio-economic development – environment – security and defense of the city, clarifying their impact on capital mobilization for investment in the development of road transport infrastructure of Hanoi city The author has synthesized the forecast of the demand for the development of road transport infrastructure in Hanoi city according to planning reports, resolutions of city leaders and forecasted the capital needs and investment capital structure to be mobilized to develop the road transport infrastructure of Hanoi until 2030 The thesis proposes groups of solutions to increase the attraction and improve the efficiency of using capital 24 mobilized for investment in infrastructure development of Hanoi until 2030 In the process of researching the topic "Mobilizing capital for road transport infrastructure development in Hanoi city", the author encountered many difficulties in collecting data for the study of capital mobilization for the development of road transport infrastructure in Hanoi city In order to better study this issue, it is recommended that the competent authorities of the city, especially the Department of Transport, Department of Architecture, Statistics Office, Department of Planning and Investment need to coordinate with each other to agree on the construction of a data bank to meet the needs of research and mobilization of capital for the development of road transport infrastructure in the area