GMS Contents

Viet Nam is set to begin construction of a new 417-kilometer railway line connecting the northern port city of Haiphong to Kunming, People’s Republic of China (PRC), via Hanoi and Lao Cai Province. The initiative, with an estimated investment of about US$11 billion, aims to bolster trade and tourism between the two countries by enhancing connectivity and facilitating smoother transportation of goods and people.

Great efforts have been made by the general border inspection station in Guangxi to promote the high-quality development of Guangxi and maintain border security and stability in 2024, officials announced during the Jan 8 press conference.

Authorities of the northern border province of Lang Son and Guangxi Zhuang Autonomous Region of China held an online signing ceremony for a Memorandum of Understanding (MoU) to jointly develop a pilot smart border gate.

The Sihanoukville Special Economic Zone (SSEZ) in Cambodia marked a significant upsurge in trade activities in January and February 2024. The trade volume through this economic corridor reached $628 million, reflecting a robust growth of 38.3% compared to the same period in 2023.

The Asian Development Bank (ADB) and BANPU Public Company Limited signed a 2.4 billion baht loan to support the financing of 1,500 six-seater electric tuktuks (e-tuktuks) and related charging stations for micro-scale transit services in Bangkok, Thailand. 

The GMs Energy Transition Task Force (ETTF) met in Siem Reap on 4-5 December 2023 to discuss updates and plans related to its work streams, including trends, opportunities and related initiatives in the region.

The meeting agreed on these next steps for 2024.