|Population||96 million (2017)|
|GDP at PPP (current international dollars)||647 billion (2017)|
|GDP per capita at PPP (current international dollars)||6,776 (2017)|
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Viet Nam has worked with its GMS partners to increase the productivity of its agriculture sector. The country has prioritized critical reforms that have resulted in steady growth in agricultural output, making Viet Nam the second largest exporter of rice in the world. As in other GMS countries, rural transport and market access have also improved agricultural and rural livelihoods.
Viet Nam seeks to develop its energy resources with better transparency, competition and economic efficiency in order to attract private investment, which will complement public sector investments, and ensure energy supply security for its rapidly growing domestic demand. Viet Nam has worked with its GMS neighbors to benefit from power trading arrangements being developed in the subregion, and on information sharing regarding the exploration, production, and transmission of energy resources. Viet Nam is also expanding electricity access to rural and remote areas, and boosting the share of renewable energy to total energy supply.
Similar to other fast-growing GMS economies, Viet Nam has had to respond to growing pressures on its environment and natural resources. The Government has enacted legislation and launched programs to mitigate the environmental impacts of urban expansion. Viet Nam, in coordination with its GMS partners, has invested in tree planting programs that are showing results in terms slowing the loss of forest cover.
With a large rural and young population that is in need of skills development and training, Viet Nam is seeking to train 27.5 million workers – including 10 million rural workers – by 2020. In coordination with its GMS partners, Viet Nam is focusing efforts on poverty reduction and gender mainstreaming in order to help vulnerable workers benefit from national training programs. As part of its national human resources development work, the country is also strengthening its emphasis on protecting migrant workers, both domestically and across borders.
Viet Nam is sharing knowledge with its GMS partners to develop its fixed and mobile telecommunications systems, as well as Internet service. To promote competition and universal access, the country is promoting more transparent telecommunications licensing procedures and fees (in line with its subregional neighbors), and efficient government regulations. Viet Nam takes part in GMS training programs designed to increase the expertise of officials across the subregion.
Making trade and investment easier between GMS countries is a key priority for Viet Nam. The country has worked with its subregional partners to harmonize and simplify trade and investment procedures.
Viet Nam is a vital link in the emerging subregional transport system of the GMS. It is home to key sections of major GMS corridors, such as the Ho Chi Minh City-Phnom Penh Highway, the East-West Transport Corridor, the Kunming-Haiphong Transport Corridor, and the Southern Coastal Corridor. The country has also embarked on the construction of major expressways to enhance its overall transport efficiency. Viet Nam also hosts important maritime links via its ports. Viet Nam’s fast-growing economy has been a strong contributor to the development of GMS economic corridors that have benefited its own people, and the citizens of neighboring countries.
Renewable energy is a challenge, but also an opportunity for new industries, employment, and new ways to reduce dependency on fuel imports, provide electricity to poor remote areas, reduce air pollution, and provide a healthier environment.
Investments in renewable energy and energy efficiency generate benefits to society as a whole that cannot be fully reflected in investment returns, leading thereby to underinvestment by the private sector.
The 16th Meeting of the Regional Power Trade Coordination Committee (RPTCC-16) was held to (i) open and commence the evaluation of the bids for the venue for the headquarters of the Regional Power Coordination Center (RPCC) which will serve as a permanent institution to enhance regional power trade and implement regional power interconnection in the GMS; (ii) provide updates on the Greater Mekong Subregion (GMS) countries’ power development plans focusing on cross-border projects;
The 17th Meeting of the Regional Power Trade Coordination Committee (RPTCC-17) was held to (i) discuss the progress on the bids for the venue for the headquarters of the Regional Power Coordination Center (RPCC) which will serve as a permanent institution to enhance regional power trade and implement regional power interconnection in the GMS; (ii) provide updates on the Greater Mekong Subregion (GMS) countries’ power development plans focusing on cross-border projects; (iii) discuss the assistance of development partners to support RPTCC activities; (iv) consider the draft report on the GMS
The RPTCC-15 Meeting was held to: (1) give updates on the Greater Mekong Subregion (GMS) countries’ latest power development plans; (ii) discuss the establishment of the Regional Power Coordination Center (RPCC) headquarters and refine its articles of association; (iii) review the Minister-endorsed Regional Investment Framework (RIF) energy sector pipeline and prepare for its implementation; (iii) review the final report of the strategic environmental assessment (SEA) for GMS regional power development; and, (iv) discuss continuing assistance from development partners to promote GMS power t
This document summarizes discussions at the 14th Meeting of the Regional Power Trade Coordination Committee in Kunming in the People’s Republic of China on 18–19 June 2013.
This report includes analyses of national plans at sector levels, and regional investment priorities that were preliminarily identified in the energy sector.
The Special 12th RPTCC meeting (RPTCC-12-A) was held mainly to continue discussions on the inter-governmental MOU to establish the Regional Power Coordination Center (RPCC), which will oversee the evolution of the GMS power market toward a more open, but appropriately regulated competitive market.
This paper summarizes the proceedings of the Fifth Meeting of the Subregional Energy Forum (SEF) in Ho Chi Minh City, Viet Nam, on 11 November 2011.