Khamking Koemany is a homestay provider on Don Khon Island, one of the popular sites for tourists visiting the Four Thousand Islands group on the Mekong River in Champasack Province. His business has flourished since he received training in tourism services under the GMS Sustainable Tourism Development Project. Photo: ADB.

Lao PDR and the Greater Mekong Subregion: Expanding Opportunities for Growth

Blessed with rich natural resources and a strategic location at the heart of the Greater Mekong Subregion, the Lao People’s Democratic Republic has emerged from decades of turmoil and isolation to become one of the fastest growing economies in Southeast Asia since 2011.

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Nguyen Thi Huong Lien (fourth from left in photo) started women-led motorcycle tours in Hue City, Viet Nam in 2014. She has since expanded her business to four more cities and is eyeing other markets in the Greater Mekong Subregion. Photo: I Love Asia.

Promoting Responsible Tourism through Innovative Startups

A young businesswoman offering motorcycle tours led by women is one of the entrepreneurs supported by a tourism accelerator program in the Greater Mekong Subregion.

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ADB projects that gross domestic product growth in 2019 for the People's Republic of China will moderate to 6.3% from 6.4%. The growth outlook for 2018 remains unchanged at 6.6%. Image credit: ADB.

PRC 2019 Growth Outlook Revised to 6.3%, 2018 Steady at 6.6% — ADB

HONG KONG, CHINA (26 September 2018) — Slower demand growth and an unfavorable trade environment has dampened the People’s Republic of China’s (PRC) growth outlook for 2019, although supply-side reform, strong service sector growth, as well as monetary and fiscal support will keep the PRC’s economy on track, according to a new report by the Asian Development Bank.

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Lao PDR Set for Moderate Growth in 2018 and 2019 — ADB

VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (26 September 2018) — Economic growth for the Lao People’s Democratic Republic is expected to moderate in 2018, as agriculture and mining outputs are forecast to underperform, although an expansion in electricity generation, construction, and services will partially offset these adverse effects, according to a new Asian Development Bank report.

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ADB to Improve Environmental Services in Two GMS Corridor Towns in Lao PDR

VIENTIANE, LAO PEOPLE’S DEMOCRACTIC REPUBLIC (17 September 2018) — The Asian Development Bank’s Board of Directors has approved a $48 million grant to help improve urban environmental services and enhance economic connectivity in Paksan and Thakhek, two of the least developed towns along the Greater Mekong Subregion Central Corridor in the Lao People’s Democratic Republic.

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Lao PDR Deputy Minister of Finance Ms. Thipphakone Chanthavongsa (right) and ADB Country Director for Lao PDR Mr. Yasushi Negishi (left) after signing the grant agreement on 6 September 2018 in Vientiane. Senior officials from line ministries witnessed the signing.  

ADB, Lao PDR Sign Agreement to Promote Sustainable, Climate-Smart Agribusiness

VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (7 September 2018) — The Asian Development Bank and the Government of the Lao People’s Democratic Republic signed an agreement for a $40.5 million grant for the Climate-Friendly Agribusiness Value Chains Sector Project that will help farmers and agribusinesses develop sustainable and climate-smart agriculture value chains in the country.

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Farmers dry cassava on an open field. The Climate-Friendly Agribusiness Value Chains Sector Project will improve the productivity, efficiency, and climate-resilience of agriculture value chains of farmers along the Greater Mekong Subregion economic corridors. Photo: ADB.

Investing in Climate-Smart Agriculture Value Chains in the Greater Mekong Subregion

The Climate-Friendly Agribusiness Value Chains Sector Project is helping transform transport corridors in the Greater Mekong Subregion into economic corridors by developing upstream and downstream linkages in agribusiness supply chains in a climate-friendly manner.

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The food traceability systems in the pilot project use barcodes to track information at the source (e.g., date of harvest/production) and until point of sale. Photo: ADB.

Using Barcodes to Track Food Safety from Farm to Table in the Mekong Region

A pilot project is introducing the use of barcodes to track the quality and safety of food in the Greater Mekong Subregion from “farm to shelf, then table.”

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