ADB BRIEFSNO. 286JANUARY 2024ISBN 978-92-9270-587-9 (print)ISBN 978-92-9270-588-6 (electronic) ISSN 2071-7202 (print)ISSN 2218-2675 (electronic)Publication Stock No. BRF240005-2DOI: http://dx.doi.org/10.22617/BRF240005-2Measuring the Economic Impacts of a Wind Power Project in Viet NamNguyen Anh TuanIndependent Economic ConsultantViet NamManfred KieferPrincipal EconomistPrivate Sector Transaction Support DivisionPrivate Sector Operations DepartmentAsian Development Bank Christian AbeledaAssociate Economics OfficerPrivate Sector Transaction Support DivisionPrivate Sector Operations DepartmentAsian Development BankKEY POINTS• The findings of this study underscore the economic value addition of the Lotus Wind Power Project in Viet Nam. During its construction phase, the project created a total of 1,574 employments (measured as full-time equivalents or FTEs) and infused local economies with job earnings amounting to $29.13 million. Moreover, it contributed $89.6 million to the country’s gross domestic product.• In its operational and maintenance phase, the positive economic impacts of the project are estimated as 227 FTE permanent jobs, $4.4 million in earnings per year, and $9.5 million of annual economic value addition over the next 20 years. More than just statistical numbers, these benefits resonate with the communities affected, offering the promise of enhanced livelihoods and economic prosperity.• Similar investments in the sector may be considered in the future. A conducive investment environment must be created, and communities need to be able to benefit from investments and have a voice in the decision-making process. INTRODUCTIONThe Lotus Wind Power Project is the first financing of the Asian Development Bank (ADB) for a wind ...
