This brief demonstrates the importance of measuring the benefits of Viet Nam’s 144-megawatt Lotus Wind Power Project and defining its economic and social impacts as the country ramps up its renewable energy generation.
The GMs Energy Transition Task Force (ETTF) met in Siem Reap on 4-5 December 2023 to discuss updates and plans related to its work streams, including trends, opportunities and related initiatives in the region.
The meeting agreed on these next steps for 2024.
The implementation of a feed-in tariff has a significant and positive effect on firms’ investments in renewable energy projects.
ADB will support the development and operation of solar photovoltaic systems located on the rooftops of commercial and industrial businesses across Viet Nam. Photo courtesy of GreenYellow.
The Asian Development Bank (ADB) and GreenYellow Smart Solutions Vietnam Co., Ltd. (GreenYellow), have signed a loan agreement of up to $13.8 million for rooftop photovoltaic (PV) solar systems to help increase the supply of clean and affordable energy for commercial and industrial consumers in Viet Nam.
ADB's #SheExport Accelerator program has made a significant impact on Green Joy, a female-owned business based in Viet Nam specializing in crafting eco-friendly products made from grey sedge grass, which grows naturally in alkaline soils in the Mekong Delta and other provinces in Viet Nam. The grass plant, which is 1-2 meters in height and has a round and hollow stem, grows abundantly during the flood season. In old times, farmers used the grass material to make handicrafts. In recent years, grey sedge grass has served as raw material to make straws.
The 6th Meeting of the Greater Mekong Subregion (GMS) Urban Development Working Group (UDWG) was held via web-based conferencing on 21 June 2023.
The 52nd GMS Tourism Working Group Meeting (TWG-52) was held on 21 November 2023. It was attended by senior and mid-level officials representing the National Tourism Organizations (NTOs) of the Greater Mekong Subregion (GMS) countries, Mekong Tourism Coordinating Office, development partners and organizations including the ASEAN Japan Centre, GMS Secretariat and private sector.
Dragon Bridge, Da Nang, Viet Nam. Photo by Nick via Flickr (CC BY 2.0 DEED)
Cambodia recorded 4.4 million international tourist arrivals in the first 10 months of 2023, a 180% increase over the same period in 2022. Tourism Minister Sok Soken remarked that based on this figure, Cambodia is expected to receive approximately 5.4 million foreign visitors in 2023.
ASEAN member countries agreed to fast track the implementation of cross-border payments in ASEAN at the 43rd ASEAN Summit in Jakarta, Indonesia. This paves the way for ASEAN member countries to utilize local currencies when transacting in the region and promote regional payment connectivity. This move encourages the use of local currencies to support cross-border trade and investment in the ASEAN region.
Greater Mekong Subregion Secretariat
Regional Cooperation and Operations Coordination Division,
Southeast Asia Department, Asian Development Bank
Address: 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines
Telephone: +63 2 8632 4444 Fax: +63 2 8636 2226