Share Video

Elon Musk, CEO of Twitter, disregarded Anthony Fauci's advice and established Twitter's rules by pledging to adhere to science, which must involve asking challenging...

Diem's overthrow had been attempted in 1960 and 1962, respectively. He had held onto power both times, but in 1963, things got harder for...

The number of officially reported new COVID cases for today (as determined by PCR tests) was 4, bringing the overall COVID case count to...

We are now officially in the 2024 presidential cycle because the last elections have been successfully concluded and the last funding reports for 2022...

NEW DELHI — According to financial projections, India's economy is growing at the quickest rate among major economies and is on course to overtake...

Two important events are having a meaning influence on existing security arrangements in Asia Pacific. The result of China’s Belt and Road Initiative (BRI), led...

The Stung Treng Provincial Administration has put in place steps to strengthen even more the efficient administration of dolphin and fish protection areas. In a...

Elon Musk, CEO of Twitter, disregarded Anthony Fauci's advice and established Twitter's rules by pledging to adhere to science, which must involve asking challenging...

The US Navy Special Force, called the Navy Seals, is considered one of the most powerful armies in the world and only used for...

Authorities have detained 29 Poipet drug users. The Ministry of Interior reports that at 4:30 pm on December 28, 2022, in the noodle store in...

In advance of a state legislative session he hopes would spotlight issues that may aid him in a presidential primary, Florida Governor Ron DeSantis...

The successful visit by Ukrainian President Volodymyr Zelensky to the United States last week heralds the beginning of the end of the war in...

Governor of Preah Sihanouk Province Kuoch Chamroeun has warned authorities to brace for a surge in Chinese tourists to Sihanoukville following China's three-year Covid...

Authorities are now investigating who should be held liable for the fire that destroyed the Grand Diamond City Hotel and Casino in Poipet, which...

A new strain of Covid-19, dubbed "the most transmissible sub-variant which has been found yet," has been circulating the nation, and Prime Minister Hun...

NEW DELHI — According to financial projections, India's economy is growing at the quickest rate among major economies and is on course to overtake...

Analysis: The EU and ASEAN are strengthening their ties, while the US-China rivalry is heating up

Published:

Share post:

A summit marking 45 years of diplomatic relations was held on December 14 in Brussels and brought together the leaders of the European Union and the Association of Southeast Asian Nations (ASEAN). After the United States and China, the two blocs are each other’s third-largest commercial partners. Amid tensions between China and the United States, both groups have focused expanding their economic alliances. Leaders made significant announcements regarding infrastructure and climate funding while also discussing topics including the digital economy, global warming, and regional stability.

Vietnam’s Just Energy Transition Partnership (JETP) contract with the International Partners Group is at the top of the list of deliverables. The $15.5 billion initiative will mobilize public and private investment over three to five years to support Vietnam in meeting its net zero objectives, limiting emissions from electricity generation, and obtaining 47 percent of its power from renewable sources by 2030. This is similar to the agreements reached with Indonesia and South Africa in the last year.

The unveiling of the agreement was originally scheduled to take place at COP27 in November, but Vietnam is said to have delayed talks after rejecting the initial $5 billion offer. Vietnam will now collaborate with partner nations over the course of the following 12 months to create a JETP Resource Mobilization Plan that includes information on funding and technical support.

The Global Gateway program of the European Union has unveiled a $10.7 billion infrastructure package of grants and loans for ASEAN nations. The plan, which is promoted as Europe’s contribution to “smart, clean, and secure infrastructures and links,” is commonly regarded as the European Union’s response to China’s Belt and Road Initiative. There were no specifics on specific projects or a breakdown of financing sources, but the package will concentrate on sustainable connectivity and the green transition to enable better access to economic opportunities and basic services throughout Southeast Asia.

Share post:

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
spot_img

Related news

A Federal Judge Rules That Wrongful Death Suit Against Rittenhouse Can Go Forward

A Wisconsin U.S. District Judge has decided that Kyle Rittenhouse can be sued for wrongful death. Kyle Rittenhouse has...

A Vienna court sentences alleged shooters for the Islamic State in 2020 to prison

Due to their suspected connections to an Islamic State sympathizer who committed a deadly shooting in Vienna in...

A manslaughter trial against PG&E is scheduled due to the catastrophic California fires

A judge determined on Wednesday that Pacific Gas & Electric will go on trial for manslaughter for its...

The World Bank provides $311 million for renewable energy to four West African countries

The World Bank has made a $311 million loan arrangement for renewable energy projects with four countries in...

Potential GOP presidential hopefuls in 2024 traveled to Austin for a retreat with funders

Later this month, a number of prominent Republicans, including many prospective 2024 presidential contenders, are scheduled to go...

INTERNATIONAL General of the Air Force believes that China will take advantage of the possibility of war when the United States is “distracted” by...

General Mike Minihan, a four-star Air Force officer, forecasts an impending conflict with China in a memo delivered...

Biden promises to bring in a woman of color to replace retiring quarterback Tom Brady

Tom Brady, a legendary quarterback, has declared his intention to leave the NFL so that he may devote...

DeSantis wants to ban diversity and inclusion initiatives at Florida universities

The governor of Florida, Ron DeSantis, announced on Tuesday that he plans to forbid state colleges from funding...