The Joint Declaration adopted at the 11th CLV Summit provides a foundation for the socio-economic development plan until 2030. Photo by VNA.

11th CLV Summit Commits to Strengthen Development Triangle Area

Cambodia, Lao PDR, and Viet Nam (CLV) Leaders expressed their firm commitment to strengthen the CLV Development Triangle Area (DTA) in order to accelerate economic growth, alleviate poverty, and promote socio-cultural progress in the subregion. At the 11th CLV Summit held online on 9 December, they adopted a Joint Declaration that provides a foundation for the subregion’s socio-economic development plan until 2030 and the Tourism Development Plan. They also adopted the Development Plan for Sustainable Rubber Industry.  

GMS in the News

The Nam Theun 2 is a 1070 MW hydropower plant on Nam Theun river in Lao PDR. 95% of the power produced by the plant is exported to Thailand and the rest are consumed locally. Revenues from the power plant are used by the government of Lao PDR to help reduce poverty in the country. Photo: ADB

Lao PDR Highlights Dam Safety as Electricity Export Grows

As the Lao People’s Democratic Republic (PDR) increases its electricity exports, the country is prioritizing safety improvement of its dams. A committee comprising local and foreign experts will conduct dam safety inspections, according to news by the Laotian Times. The Government is also implementing new safety measures and standards.

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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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