April 22, 2024 12:27 am
Nghe An aims to keep 600 billion VND in tax revenue from hydropower annually

The Ministry of Planning and Investment has proposed that Nghe An retain about 600 billion VND in tax revenue from hydroelectric plants to promote infrastructure development and improve the living conditions of people in difficult western areas. These regions lack basic amenities such as transportation infrastructure, schools and hospitals, and some villages still do not have electricity for daily life and production.

Meanwhile, the Ministry of Justice is currently evaluating a draft Resolution of the National Assembly aimed at developing Nghe An province through specific mechanisms and policies. The region’s hydroelectric plants play a vital role in providing electricity to the country but also have a significant impact on the environment and local communities, particularly during the rainy season.

The Ministry of Planning and Investment believes that Nghe An needs to invest in infrastructure, offset the negative effects of hydroelectric plants on people’s lives, and promote economic development in the region. As part of this plan, Nghe An is proposed to retain tax revenue from hydroelectric plants to support regional development efforts.

In addition to its proposal for hydroelectric plants, the Ministry of Planning and Investment has suggested preferential policies for marine economic development in Nghe An. This includes issuing licenses for aquaculture projects within 6 nautical miles from the shoreline along with tax exemptions and reductions for investors in seafood projects.

Nghe An’s vast area and large population make it an ideal location for economic growth. By implementing these proposed policies, the province aims to enhance its infrastructure development, environmental management, and economic efficiency, ultimately contributing to overall regional prosperity.

Overall, this plan recognizes that while Nghe An’s hydroelectric plants are critical for ensuring electricity supply nationwide, they also pose challenges such as environmental concerns during heavy rainfall periods. By retaining tax revenue from these power plants while investing in infrastructure development, socio-economic growth can be achieved sustainably while mitigating negative impacts on local communities.

In conclusion, if implemented effectively, this plan can lead to significant improvements in living standards across western areas by enhancing transportation infrastructure development, healthcare systems expansion alongside education facilities upgrades. Furthermore, promoting sustainable economic growth can help overcome poverty alleviation goals set forth by international organizations like UN Sustainable Development Goals (SDGs).

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