The Ministry of Planning and Investment has proposed that Nghe An retain approximately VND 600 billion in tax revenue from 22 hydroelectric power plants for infrastructure and social development in difficult western areas. These areas lack transport infrastructure, have unfinished schools and hospitals, and some villages still do not have access to electricity for daily life and production.

The Ministry of Justice is currently considering a draft resolution from the National Assembly aimed at pilot specific mechanisms and policies for the development of Nghe An province, where most of the hydropower plants are located. While these plants play a crucial role in ensuring the country’s electricity supply, they also have a significant impact on the environment and people’s lives, particularly during the rainy season.

The Ministry of Planning and Investment believes that Nghe An should prioritize investment in infrastructure, mitigate the impact of hydropower plants on local communities, and promote socio-economic development in the region. To achieve this goal, the province has been proposed to retain tax revenue from hydroelectric power plants to support development initiatives.

In addition to the hydropower proposal, the Ministry of Planning and Investment has also suggested preferential policies for marine economic development in Nghe An. This includes granting permits for aquaculture projects within 6 nautical miles of the coastline along with tax breaks and reductions for investors in seafood projects.

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

To achieve this goal, Nghe An is being encouraged to invest heavily in infrastructure development while also taking steps to mitigate any negative impacts caused by its hydropower plants on local communities during peak rainfall seasons. Additionally, preferential policies are being put forward by government agencies like The Ministry Of Planning And Investment as well as The Ministry Of Justice to promote sustainable economic growth through marine-based industries such as aquaculture.

Overall, this move by government agencies is expected to bring about positive changes not only in Nghe An but also throughout Vietnam as it paves way towards a more sustainable future based on responsible economic development principles that take into account both environmental concerns as well as community welfare needs.

By Samantha Johnson

As a dedicated content writer at newspuk.com, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

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