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 new variety of rice is now helping smallholder farmers in North Thailand out of poverty, while also improving their diet. Siam Organic Co., Ltd., which introduced Jasberry rice, a non-GMO, organic rice variety in the region, adopted an inclusive business model to help farmers increase harvest yields and earn more.
The Twenty-Second Meeting of the GMS Subregional Transport Forum (STF-22) was held in Mandalay, Myanmar on 21–22 June 2018.
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.”
The Greater Mekong Subregion Tourism Working Group held its 41st meeting in Nakhon Phanom, Thailand on 25 June 2018, back-to-back with the Mekong Tourism Forum 2018 on 26–29 June.
The Greater Mekong Subregion Working Group on Agriculture held its 15th meeting on 29–30 May 2018 in Pu’er, Yunnan Province in the People’s Republic of China.
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.
This is the summary of proceedings of the 2nd Meeting of the Greater Mekong Subregion Urban Development Working Group held in Manila, Philippines from 4–5 July 2018.
The 24th Meeting of the Regional Power Trade Coordination Committee (RPTCC-24) was held back-to-back with the meetings of the Working Group on Performance Standards and Grid Codes (WGPG) and Working Group on Regulatory Issues (WGRI), on 18-20 June 2018 in Nay Pyi Taw, Myanmar. The meetings discussed (i) the progress of the work performed under WGPG and WGRI; (ii) future activities of the two working groups; and (iii) future activities to support cross-border power interconnections and trade in the Greater Mekong Subregion (GMS).
VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (31 July 2018) — The Asian Development Bank’s Board of Directors has approved a $40.5 million grant to help farmers and agribusinesses develop sustainable and climate-smart agriculture value chains in the Lao People’s Democratic Republic.
A comprehensive grievance redress mechanism used a wide range of tools, institutions, and approaches to resolve project complaints and mitigate potential issues.