VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (16 October 2018) —The Asian Development Bank and the Government of the Lao People’s Democratic Republic today signed grant agreements worth $125.5 million in total for three projects in the tourism and urban sectors.
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.
In the Greater Mekong Subregion, unregulated medicines in the supply chain, including substandard or fake medicines, are fueling resistance to artemisinin combination therapies, the most effective treatment for falciparum malaria.
Japan and the five Southeast Asian countries of the Greater Mekong Subregion adopted the Tokyo Strategy 2018 at the 10th Mekong-Japan Summit Meeting in Tokyo on 9 October.
Germany has committed 4 million euros ($4.6 million) to strengthen cross-border water cooperation in the Greater Mekong Subregion through the Mekong River Commission.
The Lao People’s Democratic Republic will start building a section of National Road 11 that will make it easier to travel to northern Thailand.
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.
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.
PHNOM PENH, CAMBODIA (26 September 2018) — The Asian Development Bank forecasts Cambodia’s gross domestic product growth to maintain its strong momentum in 2018 with strong performances expected in exports and domestic demand.
HA NOI, VIET NAM (26 September 2018) — Viet Nam’s economy continued to perform strongly in the first half of 2018, although external and domestic challenges could affect the country’s growth outlook for this year and next, says a new Asian Development Bank report.
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.
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.
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.
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.
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.”
BEIJING, PEOPLE’S REPUBLIC OF CHINA (29 August 2018) — Asian Development Bank President Takehiko Nakao and People’s Republic of China Minister of Finance and ADB Governor Liu Kun met during Mr. Nakao’s 2-day visit to the PRC, in which he reaffirmed ADB’s support for the country’s development priorities.
Disruptive technologies, such as Internet of Things and artificial intelligence, have the potential to bring about rapid, self-sustained economic growth for countries in the Greater Mekong Subregion.
Foreign ministers from Japan and five Mekong nations this month identified areas of cooperation under a new strategy and reviewed the progress of joint projects in the East-West Economic Corridor and Southern Economic Corridor.
Economic zones are growth engines of the Greater Mekong Subregion, stimulating economic activity and creating jobs. Yet, not much attention has been given to the social and health aspects of economic zone development until recently.