The government’s Ministry of Planning and Investment has presented a proposal for Nghe An to retain about 600 billion VND in tax revenue from 22 hydroelectric plants to develop infrastructure and improve the quality of life in the province’s difficult western areas. These regions lack basic transportation infrastructure, have incomplete schools and hospitals, and some villages still do not have electricity.
The Ministry of Justice is currently reviewing a draft Resolution from the National Assembly that aims to establish specific mechanisms and policies for the development of Nghe An province, where many hydroelectric power plants are located. These plants provide vital electricity to the country but also have a significant impact on the environment and people’s lives, particularly during the rainy season.
According to the Ministry of Planning and Investment, Nghe An needs to invest in infrastructure development, mitigate the negative effects of hydroelectric power plants, and promote socio-economic growth in the region. To achieve this goal, it has proposed retaining tax revenue from hydroelectric power plants for development purposes.
In addition to its proposal for hydroelectric power plants, the Ministry of Planning and Investment has also suggested preferential policies for marine economic development in Nghe An. This includes granting licenses for aquaculture projects within six nautical miles of the shoreline, along with tax exemptions and reductions for investors in seafood projects.
Nghe An is one of Vietnam’s largest provinces with significant potential for economic growth due to its vast area and large population. By implementing these proposed policies, it aims to improve its infrastructure development, environmental management, and economic efficiency, ultimately contributing to the overall prosperity of the region.
In summary,
The Ministry of Planning and Investment has proposed that Nghe An retain about 600 billion VND in tax revenue from 22 hydroelectric plants to develop infrastructure and society in difficult western areas.
The Ministry of Justice is evaluating a draft Resolution aimed at establishing specific mechanisms and policies for Nghe An province.
Nghe An holds significant potential for economic growth due to its vast area and large population.
By implementing these proposed policies, Nghe An aims to improve its infrastructure development
