ADB optimistic about green recovery prospect in Southeast Asia
A green recovery from the COVID-19 pandemic in Southeast Asia has the potential to create 172 billion USD in investment opportunities annually and generate more than 30 million jobs by 2030, according to a new report by the Asian Development Bank (ADB).
Kuala Lumpur (VNA) - A green recovery from the COVID-19pandemic in Southeast Asia has the potential to create 172 billion USD ininvestment opportunities annually and generate more than 30 million jobs by2030, according to a new report by the Asian Development Bank (ADB).
The report identifies five areas that support apost-COVID-19 recovery through greener development, namely productive andregenerative agriculture, healthy and productive oceans, sustainable urbandevelopment and transport models, circular economy models, and renewable andefficient energy.
“This report highlights key policy priorities for SoutheastAsian economies that can help ensure that both socioeconomic and environmentalaspirations are served in their pursuit of economic recovery,” said ADBDirector General for Southeast Asia Ramesh Subramaniam during a webinar on July6.
“While several countries in the region have begun to support a greenrecovery, more needs to be done. We must encourage additional green stimulus,design carbon pricing schemes, reduce dependence on fossil-fuel intensivepower, and attract private sector investors to large-scale renewable energy,sustainable transport, and clean urban projects,” Subramaniam said.
To implement a green recovery, Southeast Asian governmentsneed to identify sustainable sources of financing that will fundclimate-friendly infrastructure investments and leverage green growthopportunities.
According to the report, financing approaches should includemobilising domestic resources through environmental and carbon taxes, reducingsubsidies for fossil fuels, mobilising private investors by addressing risksrelated to green investments, and leveraging public and private finance throughgreen funds such as the ASEAN Catalytic Green Finance Facility. Finally, strongcollaboration among neighboring economies and new partnerships with variousstakeholders should be forged to ensure benefits accrue throughout the region.
ADB is committed to achieving a prosperous, inclusive,resilient, and sustainable Asia and the Pacific, while sustaining its effortsto eradicate extreme poverty./.
The Asian Development Bank (ADB) has signed a 15 million USD equity investment in New Forest’s Tropical Asia Forest Fund 2 (TAFF2) L.P. to support sustainable forestry practices in Southeast Asia and reduce logging in natural tropical forests by helping sustainably managed plantation companies to scale up their operations.
Emerging East Asia’s total local currency bond issuance rose 7.1 percent to an all-time high of 9 trillion USD in 2021, according to the latest issue of the Asia Bond Monitor recently released by the Asian Development Bank (ADB).
The Asian Development Bank (ADB) has approved up to 4.3 billion USD to help finance the construction of nearly 55 km of modern suburban railway line connecting Metro Manila with the city of Calamba in the Philippines.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative photo (Source: VNA) 
