Viet Nam’s Lao Cai province has become a ‘promising destination for foreign investments,’ according to a feature on the Viet Nam Briefing, with its strategic location on the Greater Mekong Subregion (GMS) Northern Economic Corridor and its connectivity to the southwestern region of the People’s Republic of China (PRC). Key sectors of investment in Lao Cai include construction, tourism, and a
Together We Deliver: Grants for a Brighter Future is a special edition of the Asian Development Bank’s (ADB) annual publication featuring stories of lives uplifted across Asia and the Pacific through grant financing by the Asian Development Fund (ADF). The ADF provides grants to support activities that reduce poverty and improve the quality of life in “ADF countries”—the poorest and most vulnerable countries in the region.
Dr. Phouthone Muongpak, Deputy Minister of Health of the Lao People’s Democratic Republic (PDR) underscored the importance of considering health indicators, in particular child nutrition, when it comes to investments in health. Reducing malnutrition continues to be a key challenge in Lao PDR, one that requires political, financial, and collaborative efforts from all sectors and levels, according to Dr. Muongpak.
The Lao People’s Democratic Republic (PDR), Malaysia, and Thailand confirmed the second phase of the Lao PDR, Thailand, and Malaysia Power Integration Project (LTM-PIP) at the 37th ASEAN Ministers on Energy Meeting (AMEM) held on 4 September 2019 in Bangkok, Thailand.
Lao PDR sells electricity to Malaysia using Thailand’s electricity transmission network through the LTM-PIP. The second phase expands Lao PDR’s electricity export from 100 megawatts to a maximum of 300 MW.
A pilot project has developed night markets in selected border towns in the Greater Mekong Subregion (GMS) to take advantage of the economic opportunities opened by infrastructure projects in the area.
The Nam Ngiep 1 Hydropower Project in Bolikhamxay, Lao Democratic Republic (Lao PDR), started generating electricity for export to Thailand in early September 2019, becoming the latest fully operational Independent Power Producer in the country.
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.
Financial resource mobilization by the Malaria Trust Fund has helped eradicate malaria and build strong foundations for health systems in the Greater Mekong Subregion.
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