According to the Resolution, beneficiaries of the support and incentives are entities engaged in waste recycling activities using the best available techniques and fall under one of the two categories specified in Article 5 of the Resolution.
Director of the Hanoi Department of Agriculture and Environment Nguyen Xuan Dai at the session.
Under Article 7, titled "Incentive Measures," organizations and individuals specified in Clause 1, Article 5 of the Resolution are entitled to the following incentives:
They are eligible for investment incentives under Clause 2, Article 43 of the 2024 Capital Law when carrying out new investment projects as specified in Point a, Clause 1, Article 5 of the Resolution.
They are entitled to full exemption from land and water surface rental payments for a period of six years, and to reduced land and water rental fees in subsequent years, in accordance with national and municipal land incentive policies applicable at the time, when implementing new investment projects under Point b, Clause 1, Article 5.
They may be considered for loans from the charter capital of the Hanoi Development Investment Fund and from entrusted environmental protection capital managed by the Fund, pursuant to legal provisions in effect at the time of borrowing.
They may receive incentives in the form of a zero-fee policy for certain charges and fees categorized as local budget revenues, as listed in Appendix II attached to the Resolution.
Organizations and individuals falling under Clause 2, Article 5 of the Resolution are eligible for incentives under Point c, Clause 1 when investing in distribution channels that deliver recycled products to consumers through at least ten retail points, and when the total annual capital allocated for distributing recycled products reaches no less than VND 3 billion (equivalent to approximately US$118,000).
The Resolution also sets out support measures, including partial interest rate subsidies after investment, drawn from entrusted environmental protection funds at the Hanoi Development Investment Fund, subject to applicable laws at the time the support is considered, for projects specified in Clause 1, Article 5 of the Resolution.
Delegates at the session.
Entities covered under Point b, Clause 1, Article 5 operating in industrial parks or clusters with fully developed infrastructure invested by the city are eligible for a 50% infrastructure usage fee subsidy, capped at VND 100 million per year (around US$3,950).
The Resolution provides 100% financial support for participation in national and city-level investment promotion and trade promotion activities, excluding the exceptions specified in Points b and c of this clause.
The maximum support amount must not exceed 1.5 times the maximum support level specified in Appendix VI of Resolution No. 22/2016/NQ-HDND dated December 8, 2016, issued by the Hanoi People's Council regarding various policy expenditures under its authority.
It also provides 100% support for training and human resource development activities, including hiring technical personnel to manage projects, conducting training sessions, and transferring the best available techniques and technologies. The total maximum support for these activities is VND 300 million (approximately US$11,800).
Furthermore, the Resolution provides full financial support for promotional activities for recycled products across mass media, television programs, newspapers, and public awareness campaigns to enhance environmental protection and promote the use of environmentally friendly products. The maximum support for these promotional activities is VND 200 million per year (equivalent to roughly US$7,900).