Nghe An aims to keep 600 billion VND in tax revenue from hydropower annually

The Ministry of Planning and Investment has proposed a plan to retain about 600 billion VND in tax revenue from 22 hydroelectric plants in Nghe An province. The revenue will be used to develop infrastructure and improve the living conditions in the difficult western areas, which lack transportation infrastructure, have incomplete schools and hospitals, and still lack electricity for daily life and production.

The Ministry of Justice is currently reviewing a draft Resolution of the National Assembly that aims to pilot specific mechanisms and policies for the development of Nghe An province. This move comes after concerns were raised about the impact of hydroelectric plants on the environment and people’s lives, especially during the rainy season.

The Ministry of Planning and Investment believes that Nghe An needs to invest in infrastructure, offset the impacts of hydroelectric plants, and promote socio-economic development in the region. As part of this plan, the province is proposed to retain tax revenue from hydroelectric plants to support development in the area.

In addition to this proposal for hydroelectric plants, the Ministry of Planning and Investment has also suggested preferential policies for marine economic development in Nghe An. These policies include issuing licenses for aquaculture projects in the sea area within 6 nautical miles from the shore, along with tax exemptions and reductions for investors in seafood projects.

Nghe An holds significant potential for economic development due to its vast area and large population. By implementing these proposed policies, it aims to improve its infrastructure, environmental management, and economic efficiency, ultimately contributing to the overall growth and prosperity of the region.

The government recognizes that investing in infrastructure is crucial for promoting sustainable economic growth. The proposed investment will help improve transportation infrastructure by building new roads or upgrading existing ones.

Furthermore, there are concerns about health issues caused by poor sanitation systems. Therefore, there is a need to build better wastewater treatment facilities or upgrade existing ones.

Overall, these investments will positively impact local communities by providing better access to basic services such as healthcare and education.

Lastly, there is a need for improved communication between different government agencies involved in this project so that everyone can work together effectively towards achieving common goals.

In conclusion, with these investments being made towards improving infrastructure and reducing poverty levels in western areas of Nghe An province; it is expected that local communities will see improvements in their standard of living soon.

By Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

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