HANOI — In a move that may signal a turning point for energy strategy across emerging markets, Vingroup has proposed abandoning what was set to be Vietnam’s largest liquefied natural gas power project—opting instead for a massive renewable energy buildout. The decision is not being driven by climate ambition alone.
In a move that signals the next evolution of sovereign capital, South Korea’s sovereign wealth fund is stepping deeper into the life sciences sector, underscoring how governments are increasingly deploying capital not just for returns, but for strategic positioning in critical industries. Korea Investment Corporation (KIC), the country’s $200+ billion
Uzbekistan is accelerating its transformation into one of the world’s most closely watched frontier markets, with a newly structured sovereign investment vehicle emerging as a central pillar in its push to attract global institutional capital. At the heart of this shift is the National Investment Fund of the Republic of
Türkiye is positioning the upcoming COP31 climate summit as a pivotal moment for transforming global climate commitments into concrete action. But preparations for the major international gathering are unfolding against an increasingly volatile geopolitical backdrop as the Iran War intensifies just beyond the country’s southeastern borders. The United Nations climate
Indonesia is accelerating plans to convert its mounting waste problem into a new source of electricity, with the country’s sovereign wealth fund selecting Chinese companies to help roll out the first phase of a national waste-to-energy program. The initiative highlights Jakarta’s growing ambition to tackle urban pollution while expanding alternative
Nepal has delivered one of the most dramatic political shifts in Asia in years, as voters propelled a youth-driven reform movement to power in the country’s first national election since last year’s Gen Z uprising. Early results indicate that the reformist Rastriya Swatantra Party (RSP), led by former rapper and
Kathmandu — Nepalese voters have gone to the polls in a landmark election that could redefine the country’s political future, months after a youth-led uprising toppled the government and ignited a generational revolt against the political establishment. The vote is the first nationwide election since massive protests in September 2025
China has set its lowest economic growth target in decades, reflecting mounting domestic economic pressures and escalating trade tensions with the United States. But the sudden outbreak of war involving Iran is adding a new layer of uncertainty for Beijing, particularly given China’s reliance on Middle Eastern oil and the
A carbon market built through negotiation has entered operational territory. The United Nations has approved the first issuance of credits under Article 6.4 of the Paris Agreement, marking the point at which the new multilateral carbon market shifts from rulemaking to execution. Architecture becomes throughput. From design to execution The
A wager on infrastructure, not just software New Delhi — India is placing a long wager on the infrastructure that will determine who leads the next technological era. This week, Adani Group said it plans to invest $100 billion over the next decade to build a nationwide network of AI-ready
