New $20 mln funding for Mekong subregion’s clean energy: US Vice President

By Thuy Nguyen

Mon, November 21, 2022 | 9:49 pm GMT+7

U.S. Vice President Kamala Harris announced Sunday $20 million in new funding for clean energy projects in the Mekong subregion, including Vietnam.

A wind power farm of Trung Nam Group in Ninh Thuan province, south-central Vietnam. Photo courtesy of the group.

Harris declared the new U.S. support in Thailand’s Bangkok while she was speaking to civil society and business leaders after the close of a 21-member APEC bloc meeting on Saturday.

This new funding will go to the Japan-U.S.-Mekong Power Partnership, or JUMPP, according to the White House.

Through JUMPP, Japan and the U.S. partner with regional nations to promote sustainable energy.

JUMPP supports the Mekong subregion’s pursuit of energy security while encouraging greater regional power flows, clean energy integration, decarbonization, and resilience, the White House stated.

The Mekong subregion is also internationally called the Greater Mekong Subregion, or GMS, which covers China’s Yunnan Province and Guangxi Zhuang Autonomous Region, Cambodia, Laos, Myanmar, Thailand, and Vietnam. It is the trans-national region of the Mekong River basin.

Tags:

Vietnam

Mekong subregion

funding

clean energy

APEC

Comments (0)

Latest|Most liked

Tags:

Samsung willing to pay more under Global Minimum Tax scheme in Vietnam

South Korean conglomerate Samsung stands ready to pay more taxes in Vietnam in line with the Global Minimum Tax (GMT) roadmap, Dong Thi Hong Anh, chief accountant of its Vietnam operations said Tuesday.

Economy - Tue, May 7, 2024 | 7:29 pm GMT+7

Vietnam central bank sells $500-700 mln forex to cool dollar fever

Vietnam’s central bank is estimated to have sold foreign currency worth $500-700 million via spot transactions to help rein in the recent surge of the greenback.

Banking - Tue, May 7, 2024 | 4:24 pm GMT+7

Vietnam coffee company chief bemoans lack of cooperation on rising freight costs

Coffee buyers and sellers need to work together to deal with recent global volatility, otherwise export enterprises will struggle to survive, writes Phan Minh Thong, general director of Phuc Sinh Group, a leading Vietnamese coffee exporter.

Companies - Tue, May 7, 2024 | 4:15 pm GMT+7

Vietnam gold bullion prices hit new high amid lukewarm response to auctions

Gold biscuit prices jumped to an all-time high in Vietnam Tuesday, following global price movements, even as firms remained uninterested in central bank auctions of the previous metal.

Finance - Tue, May 7, 2024 | 3:29 pm GMT+7

Vietnam should proactively implement Global Minimum Tax: official

Although the Global Minimum Tax is not mandatory, Vietnam should implement it proactively because it can increase tax revenues, further international integration and create new opportunities, a senior tax official says.

Economy - Tue, May 7, 2024 | 3:15 pm GMT+7

Peer reviews to referee global minimum tax implementation disputes: expert

The Global Minimum Tax being a complicated affair, peer reviews are likely to referee different interpretations, Jonathan Pemberton, a senior advisor with the Washington D.C.-based International Tax and Investment Center (ITIC), said Tuesday.

Economy - Tue, May 7, 2024 | 1:38 pm GMT+7

ASEAN+3 to create new financing facility against regional crises

South Korea, China and Japan agreed last Friday to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.

Southeast Asia - Tue, May 7, 2024 | 11:05 am GMT+7

Thailand promotes cuisine through chef training

Thailand will kick off the “One Village, One Thai Food Chef” project in June, aiming to train 75,000 professional cooks by 2027.

Southeast Asia - Tue, May 7, 2024 | 11:04 am GMT+7

Indonesian minister confirms Apple's keenness to invest in Indonesia

The U.S.-based global technology corporation Apple is still committed to actualising its plan on placing capital in Indonesia, the country’s Minister of Industry Agus Gumiwang Kartasasmita said last Friday.

Southeast Asia - Tue, May 7, 2024 | 11:03 am GMT+7

Thai-controlled brewer Sabeco sees sales, profit grow after troublesome 2023

Ho Chi Minh City-based Sabeco, which is 53.59% owned by Thai-controlled Vietnam Beverage Co. and 36% by the industry ministry, reported increases in both revenue and profit in Q1/2024 despite being hard-hit by a campaign against drunk driving.

Companies - Tue, May 7, 2024 | 10:30 am GMT+7

Media giant YeaH1 set for capital base growth, private offering

YeaH1 Group, a leading media and entertainment company in Vietnam, plans to conduct a private placement to issue 54.8 million shares at VND10,000 ($0.39) apiece this year, as revealed at the firm’s 2024 AGM held on Monday.

Companies - Tue, May 7, 2024 | 9:30 am GMT+7

Closer trade ties with friendly nations adds to Vietnam’s investment allure: expert

Closer trade ties with friendly countries in the region will add to Vietnam’s attractiveness as an FDI destination, writes Dr. Daniel Borer, business school lecturer in management, RMIT University Vietnam.

Economy - Tue, May 7, 2024 | 8:08 am GMT+7

International workshop on Pillar 2 Global Minimum Tax implementation to be held in Hanoi

The Vietnam's Association of Foreign Invested Enterprises (VAFIE) and the Washington D.C.-based International Tax and Investment Center (ITIC) will hold an international workshop themed "Pillar 2 Global Minimum Tax Implementation in Vietnam" on Tuesday.

Economy - Tue, May 7, 2024 | 8:05 am GMT+7