GMS in the News

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.

Building Sustainable Communities: ADB and JFPR’s Contribution to the Prosperity of Asia and the Pacific during COVID-19

In 2020, ADB and the Japan Fund for Prosperous and Resilient Asia and the Pacific implemented the Technical Assistance "Mitigating Impact of COVID-19 through Community-Led Interventions" project in partnership with civil society organizations. Watch this video story to see the result of this collaboration across five countries with inspiring stories of success and sustainability from innovative hygiene solutions to social protection programs. 

Addressing COVID-19 Challenges on Migrant Workers in Thailand

The COVID-19 pandemic posed unprecedented challenges for migrant workers in Thailand, who found themselves facing not only health risks but also economic and social hardships. Recognizing these challenges, the Asian Development Bank contracted a local-based civil society organization, Raks Thai Foundation, to implement a project aimed at addressing the plight of migrant workers in three provinces. It emphasized community-led prevention, the establishment of social protection systems, and economic support for jobless migrant workers.

The Lotus Wind Power Project deployed by the Asian Development Bank in Viet Nam. Photo by ADB.

Feasibility Studies for Wind Farm for the Subregion to be Conducted in Lao PDR’s Savannakhet

Agreements for feasibility studies for (i) a planned wind farm and (ii) a 500 kV substation for electricity transmission in Savannakhet, Lao People’s Democratic Republic (Lao PDR), was signed by representatives from Lao PDR Ministry of Planning and Investment, NASENG-WAYO Renewable Resource Development and Investment (a Lao PDR firm), and UPC Renewable Energy. UPC Renewable Energy and NASENG-WAYO Renewable Resource Development and Investment will cooperate on the feasibility study. 

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. 

13,200 Entrepreneurs Join Digital Marketplace Prototype by Thailand’s Digital Economy Promotion Agency

The digital marketplace prototype established by the Digital Economy Promotion Agency (DEPA) of the Government of Thailand garnered participation from 13,200 entrepreneurs from 75 markets across 25 provinces in the country. It generated an economic value of over 450 million baht (around $12.80 million).

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.

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