GMS in the News

This project delivers a high-impact and sustainable transport solution for Viet Nam while helping it meets climate goals and continue to support climate finance in the region. Photo:Vinfast

ADB Leads $135 Million Climate Financing Package to Support Electric Mobility in Viet Nam

The Asian Development Bank (ADB) mobilized a $135 million financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Viet Nam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network. The assistance will support Viet Nam’s efforts to achieve net-zero greenhouse gas emissions and expand high-tech manufacturing industries.

Power lines from the 1070 MW Nam Theun 2 hydropower plant in Lao PDR. 95% of the power produced by the plant is exported to Thailand, and the rest are consumed locally. Photo by Ariel Javellana/ADB.

Lao PDR Ramps Up Electricity Exports to Viet Nam

The Government of the Lao People’s Democratic Republic is increasing its electricity exports generated from its hydropower projects to its neighbors in the Greater Mekong Subregion, including Viet Nam. Lao PDR and Viet Nam have signed MoUs targeting to export 8,148 MW from Lao PDR to Viet Nam by 2030. Lao PDR also signed contracts with Viet Nam Electricity (EVN) to implement 25 projects with a combined capacity of 2,180 megawatts.  

Viet Nam Harvests the Benefits of a Wind Farm and Strong Private Sector Partnership

Electricity demand in Viet Nam is expected to grow at 8% annually through to 2030. Meeting this demand will require increasing power generation capacity and developing more renewable sources of energy. Building the infrastructure to generate and transmit the extra energy capacity will require significant amounts of financing and strong collaboration.  

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