GMS in the News

The Lotus Wind Power Project deployed by the Asian Development Bank in Viet Nam. Photo by ADB.

Feasibility Studies for Wind Farm for the Subregion to be Conducted in Lao PDR’s Savannakhet

Agreements for feasibility studies for (i) a planned wind farm and (ii) a 500 kV substation for electricity transmission in Savannakhet, Lao People’s Democratic Republic (Lao PDR), was signed by representatives from Lao PDR Ministry of Planning and Investment, NASENG-WAYO Renewable Resource Development and Investment (a Lao PDR firm), and UPC Renewable Energy. UPC Renewable Energy and NASENG-WAYO Renewable Resource Development and Investment will cooperate on the feasibility study. 

Cambodia, Lao PDR, Thailand, and Viet Nam on Track toward Achieving Targets for International Foreign Arrivals in 2023

Cambodia recorded 4.4 million international tourist arrivals in the first 10 months of 2023, a 180% increase over the same period in 2022. Tourism Minister Sok Soken remarked that based on this figure, Cambodia is expected to receive approximately 5.4 million foreign visitors in 2023. 

13,200 Entrepreneurs Join Digital Marketplace Prototype by Thailand’s Digital Economy Promotion Agency

The digital marketplace prototype established by the Digital Economy Promotion Agency (DEPA) of the Government of Thailand garnered participation from 13,200 entrepreneurs from 75 markets across 25 provinces in the country. It generated an economic value of over 450 million baht (around $12.80 million).

ASEAN Accelerates Cross-border Payment Implementation

ASEAN member countries agreed to fast track the implementation of cross-border payments in ASEAN at the 43rd ASEAN Summit in Jakarta, Indonesia. This paves the way for ASEAN member countries to utilize local currencies when transacting in the region and promote regional payment connectivity. This move encourages the use of local currencies to support cross-border trade and investment in the ASEAN region.

ASEAN Federation of Forwarders Associations Emphasizes Intra-bloc Logistics Connectivity

The ASEAN Federation of Forwarders Associations (AFFA) met on 2 December 2023 in Phnom Penh, Cambodia, for their 33rd annual meeting, and discussed facilitation of goods transportation via inter-governmental cooperation in the region. 

ASEAN countries have emphasized the development of logistics services, infrastructure, and trade facilitation measures, and promoting intra-bloc connectivity. 

Quang Nanh Lets Farmers Play a Key Role to Promote Sustainable Agricultural Development

Farmers are playing a pivotal role in Quảng Ninh, Viet Nam’s restructured vision for its agricultural sector for 2022-2025. The vision aims to expand agricultural markets, establish supply chains that integrate technology, and create a cohesive and sustainable agricultural economic ecosystem. Farmers are key drivers as the Government provides support, committing substantial resources to strengthen local farmers' capacity. Initiatives have included