Coal power is set to soar as the region’s energy demands are expected to multiply in the coming years. According to a report released by the International Energy Agency (IEA) in October last year, Southeast Asia’s energy demands are forecasted to grow as much as 60 percent by 2040.This increase in energy demand is led by a growing population. Higher incomes in the region also means consumers are buying more electric appliances and increasing their consumption of electricity.

With a rapidly growing economy, Vietnam is facing an increase in energy demand. According to Vietnamese power company, Electricity of Vietnam, energy demand in the country is forecasted to grow 10% annually. Accounting for a significant chunk of the demand for energy is the demand for electricity.

The great powers of the world share one thing in common: a desire for progress and the proper execution of that particular ideal. For China, a global behemoth in its own right, the Belt and Road Initiative (BRI) is its own vision, which has now manifested into a political, social, and economic reality. At its most basic, this gargantuan plan is an expression of China’s desire to build on trade relations with both Asia and Europe.