SOLAR ENERGY DEVELOPMENT AND MARKET EXPANSION IN SOUTH-EAST ASIA: THE CASE OF MYANMAR AND VIETNAM
Abstract
Purpose – This paper is devoted to solar energy development and market expansion in South-East Asia taking into consideration the case of Myanmar and Vietnam.
Methodology - The research methodology of this paper is based on conducting the comparative analysis of existing patterns of macroeconomic development, political and social issues in the context of the solar energy industry in Myanmar and Vietnam. It is also implemented PESTEL, SWOT, risk management techniques, systematic vision, causes and consequences analysis, and expert assessment.
Originality/Value – Myanmar and Vietnam are very highly potential developing markets of South-East Asia those having both strategic geographic locations and many contemporary attractive competitive advantages for international business development. The given research is studied the solar energy industry in the context of analysis of leading representatives both in Myanmar and Vietnam. Thus, this article presents the most contemporary analytical review of this current economic situation of the solar energy sector in Myanmar and Vietnam based on the latest data of 2016-2018.
Findings – In the given research it has been studied the current issues of solar energy development and market expansion in Myanmar and Vietnam. It has been presented detailed market analysis including consideration of key representative companies, market entry strategies, and detecting market features of Myanmar and Vietnam.
It has been carried out risk identification, risk assessment and risk management analysis detecting significant business development environmental factors for the solar energy development in South-East Asia. Based on risk management methods, it is suggested risk management strategies and future development prospects in the framework of further solar energy market expansion.
About the Authors
I. V. Onyusheva
Turan University
Kazakhstan
Kazakhstan
PhD, Associate Professor, Professor of RAM, RANH
Almaty
G. Yaw Myaw
Stamford International University;
Strategy First Institute
Myanmar
Myanmar
MBA
Yangon
References
1. Min, Y. (2017). PR: Green Energy is the fastest way to solve Myanmar’s energy crisis. [Electronic source]. – URL: http://www.wwf.org.mm/ (Accessed: 22.10.2018)
2. Otin, P. (2018). Southeast Asia’s Coming Solar Boom. Renewable Energy World. [Electronic source]. – URL: https://www.renewableenergyworld.com/articles/2018/02/southeast-asia-s-coming-solar-boom.html (Accessed: 22.10.2018)
3. The BP Statistical Review of World Energy for 2017. [Electronic source]. – 2017. – URL: https://www.bp.com/content/dam/bp/en/corporate/pdf/energy-economics/statistical-review-2017/bp-statistical-review-of-world-energy-2017-full-report.pdf (Accessed: 22.10.2018)
4. Jinko Solar Company Profile. ‘Jinko’ Solar Company. [Electronic source]. – 2018. – URL: https://www.’Jinko’solar.com/projects_9.html?lan=en (Accessed: 22.10.2018)
5. Jinko Company Financial. Nasdaq. [Electronic source]. – 2018. – URL: https://www.nasdaq.com/symbol/jks/financials?query=income-statement (Accessed: 22.10.2018)
6. Myanmar Annual GDP Growth Rate. Trading Economics. [Electronic source]. – 2018. – URL: https://tradingeconomics.com/myanmar/gdp-growth-annual (Accessed: 22.10.2018)
7. Nilar (2018). Minbu solar power plant construction begins. [Electronic source]. – 2018. – URL: http://www.elevenmyanmar.com/local/13358 (Accessed: 22.10.2018)
8. World Population Review. Myanmar Population. [Electronic source]. – 2018. – URL: http://worldpopulationreview.com/countries/myanmar-population/ (Accessed: 22.10.2018)
9. Briefing, V. (2018). ASEAN minimum wages. [Electronic source]. – URL: http://www.vietnam-briefing.com/news/vietnam-minimum-wages-on-the-rise-in-2018.html/ (Accessed: 22.10.2018)
10. Aung, S. T. (2018). Minimum wages in Myanmar. Labour permanent secretary. [Electronic source]. – URL: http://www.mizzima.com (Accessed: 22.10.2018)
11. Phyo, N. L. (2018). Government sets new daily minimum wage at K4800. Myanmar Times. [Electronic source]. – URL: https://www.mmtimes.com/news/government-sets-new-daily-minimum-wage-k4800.html (Accessed: 22.10.2018)
12. Hays, J. (2014). Energy in Vietnam. [Electronic source]. – URL: http://factsanddetails.com/southeastasia/Vietnam/sub5_9g/entry-3486.html (Accessed: 22.10.2018)
13. Vietnam Energy Outlook Report for 2017. Vietnam: Denmark Embassy. [Electronic source]. – 2017. – URL: https://ens.dk/sites/ens.dk/files/Globalcooperation/Official_docs/Vietnam/vietnam-energy-outlookreport-2017-eng.pdf (Accessed: 22.10.2018)
14. Anh, N. (2018). Solar power construction takes off in Vietnam after nuclear plans scrapped. [Electronic source]. – URL: https://e.vnexpress.net/news/business/solar-power-construction-takes-off-in-vietnamafter-nuclear-plans-scrapped-3708674.html (Accessed: 22.10.2018)
15. Vietnam Country Profile, BBC News. [Electronic source]. – 2018. – URL: http://www.bbc.com/news/world-asia-pacific-16567315 (Accessed: 22.10.2018)
16. Top 11 Reasons Why to Invest in Vietnam. Emerhub. [Electronic source]. – 2018. – URL: https://emerhub.com/vietnam/top-11-reasons-why-to-invest-in-vietnam/ (Accessed: 22.10.2018)
17. Beetz, B. (2018). Myanmar’s solar lifeline. [Electronic source]. – URL: https://www.pv-magazine.com/2018/01/20/the-weekend-read-myanmars-solar-lifeline/ (Accessed: 22.10.2018)
18. The Foreign Investment Law of Myanmar. International Energy Agency. [Electronic source]. – 2017. – URL: http://www.iea.org/policiesandmeasures/pams/myanmar/name-161526-en.php (Accessed: 22.10.2018)
Review
For citations:
Onyusheva I.V., Yaw Myaw G. SOLAR ENERGY DEVELOPMENT AND MARKET EXPANSION IN SOUTH-EAST ASIA: THE CASE OF MYANMAR AND VIETNAM. Central Asian Economic Review. 2019;(1):77-83.
Views:
890
Email this article 