The mandatory recycling rate for electric and hybrid vehicle batteries has been reduced to 0% and will remain so until 2029, according to a new government decree.
Businesses involved in recycling discarded batteries and old vehicles may receive up to 20 billion dong in support from the Environmental Protection Fund, according to a government decree.
The Ministry of Natural Resources and Environment proposes eliminating direct financial contributions to a fund, instead requiring businesses to either recycle directly or purchase offset credits to accelerate the green transition.
