According to the proposal, Hanoi City needs to soon adjust and supplement policies to develop a large-volume public passenger transport system; encourage investment in the construction and exploitation of bus stations, parking lots and other motor vehicles; at the same time, apply high technology in the management and operation of transportation.
A representative of the Hanoi Traffic Management and Operation Center said that at Point c, Clause 4, Article 2 of Resolution No. 07/2019/NQ-HDND stipulates: "The city budget supports 50% of bank loan interest in the first 5 years to invest in building large-volume public passenger transport infrastructure and purchasing clean energy buses, specifically for each project approved by the City People's Committee." However, this regulation still has many shortcomings, leading to no enterprise or unit accessing the policy, and at the same time not really attractive, encouraging participating units.
Accordingly, there are currently no clear regulations on the limit of interest support. The requirement that the project must be approved by the City People's Committee before borrowing capital to create barriers is not in accordance with reality. In addition, the support level of 50% of interest costs in the first 5 years is still not attractive enough to attract businesses to participate.
According to Mr. Thai Ho Phuong - Director of the Hanoi Traffic Management and Operation Center, the City People's Committee has approved the "Project to develop a public transport system using electricity and green energy buses in the city". The project sets the goal of:
By 2030, the proportion of buses using electricity and green energy will reach about 70%-90% (while according to Decision 876/QD-TTg of the Prime Minister, this figure is 50%). By 2035, it will reach 100% (while according to Decision 876/QD-TTg, this target is by 2050).
Thus, from now until 2035, Hanoi needs to invest in about 3,070 buses using green, clean energy. Of which: 2,051 existing diesel buses need to be replaced with vehicles using green, clean fuel. 1,019 new buses using green, clean energy are added to the system.
In addition to vehicles, the city also needs to invest heavily in charging station infrastructure to serve electric buses. Without appropriate support mechanisms and policies, project implementation will face many difficulties.
Currently, Resolution No. 07/2019/NQ-HDND mentions many contents, in which the policy of encouraging investment in electric buses and green energy is only a part. If we wait for the entire resolution to be amended, the process will be prolonged, while "greening" buses is an urgent need.
Therefore, it is necessary to promptly study and issue a resolution of the Hanoi People's Council to amend and supplement a number of articles of Resolution No. 07/2019/NQ-HDND (especially replacing the provisions in Point c, Clause 4, Article 2). This is to promptly remove difficulties and ensure the project is implemented according to the set schedule and goals.
Businesses are eagerly waiting for specific mechanisms and policies to support vehicle conversion, including: Loan support to reduce costs for businesses. Create conditions for accessing preferential loans to invest in vehicles and charging stations. Prioritize power sources for public passenger transport.
The Hanoi Traffic Management and Operation Center also proposed to adjust the mechanism to support interest on infrastructure investment and green vehicle procurement, specifically: Determine the loan limit at 100% of investment value.
Increase the rate of loan interest support and extend the loan term; Relieve the regulation on binding loans that must belong to projects approved by the Hanoi People's Committee.
Expanding borrowers, in addition to commercial banks, the Development Investment Fund and other credit institutions may be supplemented according to the law.
In addition, the Center also recommends allocating annual funds to the Hanoi City Development Investment Fund to conduct payments and disbursement to support businesses to the right subjects.
The Hanoi Traffic Management and Operation Center proposed that the Hanoi Department of Construction submit to the City People's Committee to report to the Hanoi People's Council for consideration and approval at the mid-year meeting of 2025 (July 2025).
