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

The National Assembly is currently evaluating a draft Resolution aimed at promoting socio-economic development in Nghe An province, where most of the country’s hydroelectric plants are located. These plants play a vital role in supplying electricity to the country but also have a significant impact on the environment and local communities, especially during the rainy season.

The Ministry of Planning and Investment has proposed that Nghe An retain approximately 600 billion VND in tax revenue from these hydroelectric plants to invest in infrastructure and improve the lives of people in difficult western areas. These regions lack transportation infrastructure, complete schools and hospitals, and even some villages still lack access to electricity for daily life and production.

As part of its plan, the Ministry of Planning and Investment has also suggested preferential policies for marine economic development in Nghe An. This includes issuing licenses for aquaculture projects within six nautical miles from the shore, along with tax exemptions and reductions for investors in seafood projects.

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

In summary, Nghe An needs to invest in infrastructure while offsetting the impacts of hydroelectric plants on local communities’ lives. The Ministry of Planning and Investment has proposed retaining tax revenue from hydroelectric plants to support development initiatives in difficult western areas while also suggesting preferential policies for marine economic development to promote growth in this vast region.

By Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

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