Wednesday, October 21 2020


Government offers incentives to coach station projects

Update: April, 17/2015 - 15:53
The Ha Noi Coach Station. — Photo

HA NOI (VNS) — Developers can receive subsidies of at least 20 per cent of the interest rate, when taking loans from banks to develop, upgrade or expand coach stations.

This is part of the incentives that Prime Minister Nguyen Tan Dung has approved to attract the private sector towards coach station projects.

The Prime Minister assigned the People's Committees of cities and provinces directly under the central government, including Ha Noi and HCM City, to make development plans for coach station networks and to invite investors.

The investors will also be exempted from paying land rents for areas used to build compulsory structures such as platforms, waiting rooms, ticket offices and green spaces.

Investors of station projects in disadvantaged districts will be exempted from paying land rent for the whole station area.

They will also enjoy corporate income tax of 10 per cent for 15 years on the income generated from operating the coach station.

The rate is half of that imposed on other areas.

The corporate income tax, reduced from 25 to 22 per cent last year, is expected to drop to 20 per cent next year. Small and medium-sized businesses have enjoyed a 20 per cent rate since the second half of 2013.

At a meeting with the Ha Noi People's Committee on Wednesday, Transport Minister Dinh La Thang said the private sector could help improve the quality of transport services.

He suggested the city should privatise all its coach stations.

General Director of the Directorate for Roads of Viet Nam Nguyen Van Huyen said transparent bidding in transport projects would attract competent investors who would use investment effectively and improve service delivery. — VNS


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