Though the subregional mechanism, the Mekong-Ganga Cooperation (MGC), exists — through which India engages with the five nations in the Mekong subregion — it focuses on socio-economic and cultural cooperation such as connectivity, trade, tourism, etc.
Entrepreneurs banking on electric vehicles as one of the solutions to tackle climate change are positioning themselves early, as Thailand looks to ramp up production.
The projects are controversial because of their environmental impact, displacement of villagers without adequate compensation, and questionable financial and power demand arrangements.
An early indicator of the Vietnamese regime’s ability to adapt its policies to more challenging conditions will be how it chooses to defend the delta seacoast.
China welcomes constructive suggestions from countries outside the region on the development and utilization of water resources by countries in the region. But we firmly oppose malicious moves to drive a wedge between us.”
Vietnam has instituted a top-down reform of its electricity sector in response to the need to shift away from coal and its growing list of associated problems.
Consistent engagement with China could potentially allow Beijing to have an easy hold over them and become a tool to push through their own strategic interests.
“… a communist regime ‘hell-bent on prioritizing major projects… whatever the social and ecological consequences locally and downstream.'”
Laos’ finances are ‘inadequate’ to meet its foreign debt payments, and with Chinese loans and investment in all sectors of the economy, any future development will be more or less directed by Chinese interests.
China will struggle to rebuild its productive capacity, supply chains and markets. Therefore, China is likely to turn to consolidating power in its own backyard — the Mekong region of Thailand, Laos, Myanmar, Cambodia and Vietnam.