The Prime Minister has issued a number of mechanisms and policies to encourage bus companies to develop public transport bus services, including infrastructure development, investment in buses and subsidies of passengers` bus fares.
![](http://media.hanoitimes.vn/2021/05/14/logo_hntimes.png)
According to the policies , bus companies will be prioritised to receive funds from State budgets for infrastructure investment and development, including land funds, facilities to connect between buses and other means of transport, investment in clean-energy buses, and companies may be created condition to receive loans with favourable interest rates.
Besides, people's committees in cities and provinces will be asked to support interest rates of loans for bus enterprises.
Bus enterprises will also receive tax exemptions on imported automobile parts to produce and assemble buses. The ownership fees will be free for those whose buses use clean energy.
Based upon their financial resources, the committees will determine the amounts of subsidies for bus fares, such as free travel for children under six, people with disabilities and reduced fares for the elderly, students and others.
The people's committees in cities and provinces will also take responsibility for supporting the construction of management centres for buses to allow staffs to supervise the quality of service offered by buses in their localities.
The policies will take effect in July.
Besides, people's committees in cities and provinces will be asked to support interest rates of loans for bus enterprises.
![]() Photo for illustration
|
Based upon their financial resources, the committees will determine the amounts of subsidies for bus fares, such as free travel for children under six, people with disabilities and reduced fares for the elderly, students and others.
The people's committees in cities and provinces will also take responsibility for supporting the construction of management centres for buses to allow staffs to supervise the quality of service offered by buses in their localities.
The policies will take effect in July.
Other News
- Vietnamese consumers spend US$32 million daily on online shopping
- Vietnam targets US$7,500 GDP per capita by 2030
- Gov’t mulls creation of oil and gas trading exchange
- Hanoi promotes women's role in safe agri-food trade
- Vietnam’s stock market set for strong year-end growth
- Hanoi ramps up food safety inspections, identifying and rectifying violations
- Vietnam under pressure to achieve high growth in 2024-2025
- Early warnings help Vietnam mitigate trade probe impacts
- Hanoi's key industries in high recruitment demand
- Continued political trust building between Vietnam and Cambodia
Trending
-
State Funeral held for Communist Party Chief Nguyen Phu Trong
-
Vietnam news in brief - July 26
-
Legal tools required to tackle air pollution issues in Hanoi
-
How fake news hooks us?
-
South Korean writer spends 10 years on book about CPV General Secretary
-
Rustic charm of Hanoi's street vendors: Timeless beauty
-
iHaNoi sees 52,000 registered accounts, 20,000 daily visits
-
Youth-Led Environmental Initiative in Hanoi
-
Unique lotus flower art on display in Hanoi