Research Database

This study applied the theory of planned behavior (TPB) and the variables of the Global Entrepreneurship Monitor (GEM) research to explain the differences and similarities of predictors of EI in six ASEAN economies. The results confirmed that the antecedents of TPB impact entrepreneurial intention (EI), which also affects the country-level entrepreneurial activity.

At the 26th United Nations Climate Change Conference of the Parties (COP26) in November 2021, Vietnam's Prime Minister Pham Minh Chinh unexpectedly announced the country's goal of achieving net-zero emissions by 2050, a challenging endeavor for a rapidly growing economy heavily reliant on coal power in the Mekong sub region, raising questions about how the government plans to make this transition.

This paper reviews the prospect to institute the inter-state hydrogen energy system on selected countries in Asia-Pacific region, through individual evaluation from the nexus of technology, social and economy perspectives, and further utilizing the respective strengths to identify the inter-state hydrogen network strategy in Asia-Pacific region, or ‘Asia-Pacific Hydrogen Valley’. Domestic energy self-sufficiency based on the existing energy sources produced nationally is also considered in the review. In looking into the prospective of hydrogen energy system adoption, four indicators are set based on domestic energy capacity, national wealth, society development and research and development (R&D), which are generalized according to the population size of the country. Countries of assessment are Indonesia, Malaysia, Brunei Darussalam, Philippines, Singapore, Vietnam, Thailand, Japan, South Korea, Australia and New Zealand. This study reveals that nations with active hydrogen policies and high R&D capacity could lead the strategy, while countries with high capacity in primary energy supply and economy advantage would benefit the group in catering the energy and commercial resources, respectively. Social acceptance is another critical aspect, as countries with high social security index could potentially reduce the risk of public rebuttal against the energy system transformation. This paper also extensively discusses the existing energy profile, policies and strategies of each country, which become the basis in potential identification of the country to adopt the new hydrogen energy system in the future.

Globally, policies designed for high penetration of distributed photovoltaics (DPV) primarily have shifted from mainly encouraging investment through subsidies to addressing equity and stakeholder concerns on retail tariffs and utility revenue impacts. Net metering and feed-in tariffs now serve as the main policy mechanisms to support distributed PV in the U.S. and Europe, although modifications are ongoing to alleviate concerns over consumer inequity and the financial health of utilities. Retail tariff design and utility revenue impacts are now at the forefront of the debate for ASEAN countries formulating new policies and incentives for PV deployment. This paper discusses experiences of DPV development in the Philippines, Thailand, and Vietnam. These countries have ongoing efforts to adjust their DPV programs to match a rapidly dynamic and evolving DPV market and incorporate new technology capabilities such as blockchain-based peer-to-peer solar energy trading platforms. The paper also presents a quantitative analysis of customer economics under various competing compensation mechanisms and analyzes the remaining barriers to DPV market expansion in these three countries. Net billing could achieve more economically equitable policy design for other Southeast Asian countries looking to make solar electricity broadly accessible for all.

Southeast Asia (SEA) is composed of Brunei, Myanmar, Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The population is forecasted to expand by 20% with the urban population alone growing by over 150 million people which is the driving force behind the region’s growing energy demand. The Association of Southeast Asian Nations (ASEAN) and six other countries in the Asia–Pacific region comprising of: Australia, the People’s Republic of China, India, Japan, Korea and New Zealand forming the ASEAN + 6 group, whose share of global energy demand is expected to reach 40% by 2040 making this region the world’s most dynamic economically. Southeast Asia’s supply of energy comes from more than 50% of fossil fuels (led by oil, coal and natural gas) and 17% from renewables but the supply is now depleting fast as these countries have become net importers of oil rather than exporters since 2018. The region is also relatively well endowed with renewable energy sources particularly in hydro and solar and other types of renewable energy (such as geothermal found mainly in the Philippines and Indonesia). Although this region has set out a target to contribute 23% of its primary energy supply from renewables by 2025, conventional fossil energy still dominates the regional energy mix. Energy security has now become an issue as it affects Southeast Asia’s efforts to secure their energy requirements in a sustainable manner environmentally and economically. Continuous reliance on energy imports, especially of oil and gas, to sustain economic growth serves as an example of Asia’s energy insecurity. Natural gas security has also become a concern in the region, as it is expected to account for 85% of the growth in global gas trade between now and 2040. The energy impacts on environmental systems and climate change have strong links to energy security. More than 60% of global carbon dioxide emissions are produced from energy supply and transport. Continuing to subsidise the cost of energy to citizens over the course of the next ten years will not be sustainable. It becomes necessary to reform some present policies and formulate new policies to ensure the energy security of these countries. Governments in the region also need to employ alternative energy sources and collaborate to maintain energy security not only for their own countries, but for the rest of the region as well. Recent reports by the World Economic Forum (WEF) have favorably focused on ASEAN countries based on their current energy systems and readiness to adapt to future needs. This chapter therefore, discusses on the current scenario of energy in the light of climate change, sustainability in environment, energy security issues and economy in ASEAN + 6, barriers, possible solutions, and case studies of mitigation efforts as well as policies laid out and implemented with specific examples from Malaysia, Thailand, Indonesia, Singapore, Vietnam and the Philippines.

Scholars and policy-makers agree that cross-border and multi-sector cooperation are essential components of coordinated efforts to contain the spread of COVID-19 infections. This paper examines the responses of ASEAN (Association of Southeast Asian Nation) member countries to the COVID-19 pandemic, including the limits of regional cooperation. ASEAN has pre-existing cooperative frameworks in place, including regional health security measures, which, at least theoretically, could assist the region's efforts to formulate cooperative responses to containing a global pandemic. With its overarching “One Vision, One Identity, One Community”, ASEAN cooperation has extended to include region-wide disaster responses, framed as “One Asean, One Response”. Using content analysis, this paper examines media statements and policies from ASEAN member states and the ASEAN Secretariat to assess the collective response to COVID-19 during the period from January to August 2020. By identifying gaps and opportunities in government responses to COVID-19 as the virus spread throughout Southeast Asia, this paper provides new insights as well as recommendations for the future.

This research is aimed to evaluate the impact of renewable energy on sustainable economic growth (SEG) by developing the role of mediating variable such as sustaining energy supply (SES). We use qualitative and quantitative technique such as Covariance - Based Structural Equation Model (CB-SEM) to analyze the data of collection from experts, economists, executives in Vietnam in 2020. The study has proved the five components of renewable energy such as solar energy (SEN), hydro energy (HEN), wind energy (WEN), bio energy (BEN) and geothermal energy (GEN) impact to the SES. Besides, the findings suggest a positively significant impact of sustaining energy supply (SES) on sustainable economic growth (SEG). This study contributed empirical work in the literature of renewable energy, sustaining energy supply (SES) and sustainable economic growth (SEG). The outcomes of this study can be used by policy makers, economists, top management in the governmental office and even the corporate. A mediating role of SES as a value-added contribution to this study and can be consolidated and strengthened more in coming research.

The present investigation empirically determines the comparative as well as combine panel estimations for the relationship between climate change and bank stability in three selected ASEAN countries; Malaysia, Indonesia and Thailand with the moderation of green financing and renewable energy. Five leading banks were chosen from each country based on green financing usage. The dependent variable was bank stability, which was proxies by z-score of ROA and ROE along with SDROA and SDROE. Climate change was the main independent variable, which was proxies by CO2 emission while the control variable was organization quality. Panel data estimation was applied using a fixed effect, random effect and pooled OLS technique along with the Hausman test and LM test. Both Hausman and LM tests were not significant which conformed pooled data estimation as the appropriate modelling. The comparative findings indicate that bank stability strongly decreased by climate change in Malaysia, Indonesia and Thailand. The Green financing strongly enhances bank stability in the case of Malaysia and Thailand while renewable energy is a less important factor to enhance the bank stability for all the three countries. The moderation effect of green financing significantly enhances bank stability in the case of Malaysia and Thailand while the moderation effect of renewable energy enhances bank stability in the case of Malaysia and Indonesia only. The combined estimates conclude that climate changes strongly decreases the bank stability in the ASEAN region while the green financing and renewable energy positively influences the bank stability in this region with low significance. The moderation effect of green financing, as well as renewable energy positively, enhances the bank stability measures of ZROA and ZROE only in this region. The policy implication for this empirical investigation concludes that the policymakers in ASEAN region should promote green financing in all the banks with renewable energy in their economies as the source of alternative energy consumption to control to devastating changes in climate so that bank stability in this region is insured.

Vietnam has experienced an economic growth accompanied by increasing energy demand and inadequate supplies. Like most developing countries, the increased inefficient use of energy in Vietnam leads to increased greenhouse gas emissions and high energy costs for consumers. Also, the traditional sources of energy are not sufficient to satisfy the demand of the economic sectors. With the negative impact of climate change on water resources and the depletion of coal, oil and gas reserves, Vietnam must diversify and integrate other forms of renewable energies into its energy mix. The efficient use of renewable energy resources can boost economic development. Thus, the policies for endorsing renewable energies and energy efficiency are playing a vital role in ensuring the sustainable development for Vietnam’s future. This paper examines the legal and policy framework influencing the deployment of renewable energies and energy efficiency in Vietnam. The paper also attempts to identify major barriers to a large scale deployment of renewable energies and energy efficiency technologies and offers some possible solutions.