Conditions for enjoying incentive mechanisms and financial supports in Vietnam

10:06, 16/12/2008

Recently, the Ministry of Finance issued Circular 121/2008/TT-BTC guiding incentive mechanisms and financial supports for investment in solid waste management in Vietnam.

Conditions for enjoying incentive mechanisms and financial supports in Vietnam (Internet image)

Circular 121/2008/TT-BTC stipulates the conditions for enjoying incentive mechanisms and financial supports in Vietnam as follows:

Organizations and individuals investing in solid waste disposal facilities prescribed in Clause 15, Article 3 of Decree 59/2007/ND-CP are entitled to incentives and financial supports guided in Clause 2 of this Section if they fully satisfy the following conditions:

Having obtained a competent state agency's permission to invest in the construction of a solid waste disposal facility.

Having an investment project on the construction of all or several items of a solid waste disposal facility in line with the local land use planning, which has been approved by a competent authority.

Using technologies capable of thoroughly disposing of solid wastes with high economic and technical efficiency.

Complying with legal provisions on construction and environmental protection.

Satisfying criteria on sizes and standards of solid waste disposal facilities prescribed by the Prime Minister.

More details can be found in Circular 121/2008/TT-BTC, which comes into force from January 14, 2009.

Ngoc Tai

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