A study shows targeting support to tourism, agro-processing, garments, electronics, and digital trade can help ensure strong recovery from COVID-19.
Cambodia Prime Minister Hun Sen signed a sub-decree to upgrade the Preah Sihanouk province (“Sihanoukville”) to a multi-purpose special economic zone (SEZ) on 9 June. This decision aims to increase its economic potential to investors.
Cambodia’s Ministry of Tourism (MOT) and key tourism stakeholders from the country’s private sector, including the Cambodian Association of Travel Agents, the Cambodian Tourism Federation, the Cambodian Restaurants Association, the Cambodia Hotel Association, and the Pacific-Asia Travel Association, held a meeting on 2 June to discuss plans to open the country to vaccinated tourists traveling on package tours as early as October. Tourism brings in around 32.7% share of Cambodia’s gross domestic product.
Mitsubishi Corporation of Japan will invest in an onshore wind farm in the Lao People’s Democratic Republic (PDR) that will supply electricity to Viet Nam. The facility is set to have power generation capacity of 600 megawatts (MW) and is eyed to become the largest onshore wind farm in Southeast Asia. The project will be Lao PDR’s first endeavor in exporting wind power.
Chu Lai Port aims to become a major international freight forwarding hub for import and export of goods in Viet Nam’s central and Central Highlands regions. The Trường Hải International Logistics Limited Liability Company, operator of Chu Lai Port, has expanded the port's scale and upgraded its entire service chain to achieve this target. The port has linkages to coastal roads, highways, and large industrial clusters and offers accessibility to the East-West economic corridor.
The planned Lao People’s Democratic Republic (PDR)-People’s Republic of China (PRC) expressway aims to improve the transport of goods and people, promote production, and boost commerce, investment, tourism and services, in line with the Government of Lao PDR's objectives. It spans 440 kilometers and comprises four sections in total. Section 1 running between Vientiane and Vangvieng, is already in use.
The move to clean energy and carbon neutrality in the People’s Republic of China will require conservation, conversion to new energy sources beyond coal and changing people’s energy consumption habits.
Capacity development in the area of human resource management is greatly needed in the Lao PDR’s health sector. At the Ministry of Health, strengthening the staff’s capacity for reliable planning of prevention, treatment, and managing statistical systems has contributed positively to the well-being of employees—as well as health system beneficiaries, who received better services.
The Asian Development Bank is organizing an inception workshop for the ADB TA 9916 - Greater Mekong Subregion (GMS) Sustainable Agriculture and Food Security Program (SAFSP) on 9–10 June 2021 via web-based video conference. This knowledge and support technical assistance (TA), which runs for 5 years (April 2020 – March 2025), supports the implementation of the Strategy for Promoting Safe and Environment-Friendly Agro-Based Value Chains in the GMS and Siem Reap Action Plan, endorsed by the GMS Agriculture Ministers in September 2017. The TA builds on the achievements of the GMS Core Agriculture Support Program (CASP) phases I (2006-2012) and II (2012-2019).
A $97.9 million upgrade for Viet Nam’s National Highway 62 has been proposed to Viet Nam's Ministry of Transport. The renovation work will include road repairs and road widening of specific portions from nine to eleven meters to reduce the travel time from Ho Chi Minh City, Viet Nam, to Cambodia. The project is proposed to start in 2021 with scheduled completion by 2023.
The highway connects Vietnam’s highways No.1, N2 and the HCMC-Trung Luong-My Thuan Expressway. All three are major routes run from HCMC on through the Mekong Delta.