Renewable Energy Investments and Feed-in Tariffs: Firm-Level Evidence from Southeast Asia
The implementation of a feed-in tariff has a significant and positive effect on firms’ investments in renewable energy projects.
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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.
ADB, GreenYellow Sign Deal for Commercial and Industrial Rooftop Solar in Viet Nam
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.
Woman-owned Business Brings Viet Nam’s Eco Products to Global Markets
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.
6th Meeting of the GMS Urban Development Working Group
The 6th Meeting of the Greater Mekong Subregion (GMS) Urban Development Working Group (UDWG) was held via web-based conferencing on 21 June 2023.
52nd GMS Tourism Working Group Meeting (TWG-52)
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, Lao PDR, Thailand, and Viet Nam on Track toward Achieving Targets for International Foreign Arrivals in 2023
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 Accelerates Cross-border Payment Implementation
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.
ASEAN Federation of Forwarders Associations Emphasizes Intra-bloc Logistics Connectivity
The ASEAN Federation of Forwarders Associations (AFFA) met on 2 December 2023 in Phnom Penh, Cambodia, for their 33rd annual meeting, and discussed facilitation of goods transportation via inter-governmental cooperation in the region.
ASEAN countries have emphasized the development of logistics services, infrastructure, and trade facilitation measures, and promoting intra-bloc connectivity.
Quang Nanh Lets Farmers Play a Key Role to Promote Sustainable Agricultural Development
Farmers are playing a pivotal role in Quảng Ninh, Viet Nam’s restructured vision for its agricultural sector for 2022-2025. The vision aims to expand agricultural markets, establish supply chains that integrate technology, and create a cohesive and sustainable agricultural economic ecosystem. Farmers are key drivers as the Government provides support, committing substantial resources to strengthen local farmers' capacity. Initiatives have included
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A subregional cooperation program focused on its fundamental strengths of community, connectivity, and competitiveness while embracing the core principles of environmental sustainability and resilience, internal and external integration, and inclusivity, for building a GMS community with a bright shared future
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
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