Hà Nội Boosts Electric Bus Investment with 70% Interest Subsidy
Hà Nội has revamped its interest subsidy scheme for electric bus investments. While only one enterprise has applied under the old scheme, the city has now increased support and simplified regulations to attract more businesses.
The new scheme offers a 70 per cent subsidy on loan interest for eligible projects, up from the previous 50 per cent. This increase aligns with the higher investment costs of electric buses compared to diesel ones. The subsidy period has also been extended to 10 years, matching the depreciation cycle of buses.
VinFast and Thaco, along with Bảo Yến Travel and Construction Services Co., Ltd., have shown interest in the new scheme. It applies to enterprises investing in large-scale passenger transport infrastructure or providing bus services in Hà Nội that purchase electric or green-energy buses and related infrastructure. Support is capped at 100 per cent of the contract value throughout the loan term, up to a maximum of 10 years.
Hà Nội's updated interest subsidy scheme aims to boost investment in electric buses. With increased support and a longer subsidy period, the city hopes to attract more enterprises like VinFast, Thaco, and Bảo Yến to adopt cleaner, greener bus fleets.
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