• Thu. Apr 25th, 2024

Nghe An: Harnessing Hydroelectric Power for Economic Growth and Social Development

BySamantha Nguyen

Apr 3, 2024
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 around 600 billion VND in tax revenue from 22 hydroelectric plants to develop infrastructure and society in the difficult western areas. These areas have poor transportation infrastructure, incomplete schools and hospitals, and some villages still lack electricity for daily life and production.

The Ministry of Justice is currently evaluating a draft Resolution of the National Assembly which aims to pilot specific mechanisms and policies for the development of Nghe An province, where most hydroelectric plants are located. These plants play a crucial role in ensuring electricity supply for the country but also have a significant impact on the environment and people’s lives, especially during the rainy season.

Nghe An holds significant potential for economic development with its vast area and large population. 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 addition to the proposal for hydroelectric plants, 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 in the sea area within 6 nautical miles from the shore, along with tax exemptions and reductions for investors in seafood projects.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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