June 16, 2026 | 14:30

Hanoi offers financial support for needy households to switch to green vehicles

Song Hoàng

Eligible individuals will receive support covering 100% of the green vehicle's value, capped at a maximum of VND20 million ($760).

The 17th Hanoi People's Council on June 15 officially passed a resolution outlining policies to support the transition of road vehicles from fossil fuels to clean energy and to encourage the use of public transportation across the city.

A standout feature of the Resolution is the provision of direct cash assistance for individuals from poor households who transition to green vehicles.

Regarding the specific subsidy level, eligible individuals will receive support covering 100% of the green vehicle's value, capped at a maximum of VND20 million ($760). Each individual from poor households is entitled to this support only once, applicable to one motorbike or moped.

In terms of implementation, the city budget will provide the funds, which will be distributed by commune-level People's Committees via bank transfers to recipients. This support policy will remain in effect from the date the Resolution becomes active until December 31, 2027.

Furthermore, the Resolution details incentives to promote the use of public passenger transport, including buses and urban railways (metro). Specifically, the city will offer free bus fares (excluding tourist-specific bus routes) for passengers traveling within Ring Road 1 from January 1, 2027, through December 31, 2027.

Additionally, the city will provide free fares on all bus routes (excluding tourist buses) and urban railway lines across the entire city during national holidays, the Lunar New Year (Tet), and special socio-political events of the country and the capital. This free-fare policy for special occasions will be effective until December 31, 2030.

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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