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Thailand sets target to become ASEAN’s electricity hub

Thailand is planning to develop its power transmission lines to become the electricity hub of the region, sourcing hydropower from Laos and selling it to Malaysia, Cambodia and Myanmar

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Bangkok (VNA) – Thailand has set a target of becoming an electricity hub in the Association of Southeast Asian Nations (ASEAN).

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Thailand is planning to develop its power transmission lines to become the electricity hub of the region, sourcing hydropower from Laos and selling it to Malaysia, Cambodia and Myanmar, the Thai Energy Ministry’s Permanent Secretary Kulis Sombatsiri said at the 37th Senior Officials Meeting on Energy (SOME) on June 24.

Kulis said he discussed with ASEAN energy ministers to find ways to guarantee affordable electricity to the Southeast Asian region by installing modern transmission lines, and other alternatives include providing other sources of renewable energy including solar, wind and biomass power.

Themed Advancing Energy Transition through partnership and Innovation, the 37th SOME meeting brought representatives from 10 ASEAN countries as well as international organisations, such as international energy agencies and international renewable energy agencies, to discuss issues pertaining to electricity trade in ASEAN.

The ASEAN Senior Officials Meeting on Energy is being held in Bangkok on June 24-28 with an aim to shift ASEAN from fossil fuel to clean power. 

Discussions at the meeting will be brought to the ASEAN Ministerial Meeting on Energy scheduled for September 2-3. – VNA

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Vietnam

Vietnam: Manufacturing to remain the key driver of growth

We expect robust exports, led by strong global demand for electronics, to continue to underpin solid economic growth over the remainder of this year with GDP forecast to rise close to 8%.

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Vietnam’s Binh Dinh Industrial Zone: Opportunities for Foreign Investors

GDP growth was unchanged at 4.5% y/y in Q1. Manufacturing activity surged, while the recovery in service sector activity and construction continued albeit at a more subdued pace as some localised social distancing measures were reinstated.

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Vietnam

Vietnam Lao Cai popularises Sa Pa-Fansipan tourism trademark

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 Lao Cai (VNA) –The northern mountainous province of Lao Cai has built a strategy to popularise the Sa Pa- Fansipan tourism trademark till 2025 with a vision to 2030.

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Asean

The Indonesia-Singapore Bilateral Investment Treaty Comes into Effect

Through the upgraded DTAA, the tax rate on branch profits was reduced from 15 to 10 percent, and the tax rate on royalties for copyrighted works of literature, arts, and film, and eight percent for the use of industrial, scientific, or commercial equipment was lowered from 15 to 10 percent.

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The Indonesia-Singapore Bilateral Investment Treaty Comes into Effect

The latest Indonesia-Singapore Bilateral Investment Treaty (BIT) came into effect on March 9, 2021, and replaces the previous BIT, which was signed in June 2006 and expired in June 2016.

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