Workers take a ride on a truck after their shift at a factory in Cambodia. Photo by ADB.

$82 Million ADB Loan to Improve Cambodian Roads, Support GMS Economic Corridors

The Asian Development Bank (ADB) has approved an $82 million loan to improve about 48 kilometers of national and provincial roads in Prey Veng and Kandal to boost economic development along the Greater Mekong Subregion (GMS) Southern Economic Corridor.

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GMS Program Achievements under the Ha Noi Action Plan 2018-2022

The Ha Noi Action Plan 2018–2022 reflected the Greater Mekong Subregion (GMS) Program’s agenda in the last 5 years of the GMS Economic Cooperation Program Strategic Framework 2012–2022. It laid down the agenda for the medium term and guided the Regional Investment Framework in the last 5 years. This feature is based on the Report on Recent Outcomes of GMS Cooperation presented at the 7th GMS Summit of Leaders by Mr. Sok Chenda Sophea, Minister in Charge of the GMS Program, Royal Government of Cambodia on 9 September 2021.

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According to a report released by the Asian Development Bank, tourism in the Lao PDR supported growth in livestock and fisheries industries in 2019

Agriculture and Tourism Key to Lao PDR's Sustainable and Shared Prosperity — ADB

Raising competitiveness and strengthening the links between agriculture and tourism will contribute to post-coronavirus disease (COVID-19) recovery and inclusive growth in the Lao People’s Democratic Republic (Lao PDR), according to a report by the Asian Development Bank (ADB) released today.  

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Cross-border Freight Transport between Lao PDR – PRC Launched

Two trucks were flagged off at the launch of cross-border freight transport between Kunming in Yunnan Province, People’s Republic of China (PRC), and Vientiane, Lao People’s Democratic Republic (Lao PDR), on 25 August. The Vientiane-bound truck from PRC carried around 3 million CNY (around $464,000) worth of machinery, equipment, and electronic appliances, while the truck bound for Kunming carried Laotian goods. Both trucks will pass through the Bohan (PRC)-Boten (Lao PDR) border checkpoint.

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ADB-supported Event Promotes Cross-border Trade between India and GMS Countries

Trade promotion agencies of Cambodia, India, Thailand, and Viet Nam held an event promoting cross-border trade connectivity between India and countries in the Greater Mekong Subregion (GMS) on 19 August. Representatives from each country gave briefings on their business environment and exchanged experiences in facilitating trade and investment cooperation. Noting challenges caused by COVID-19, they urged governments to take measures to help their small and medium-sized enterprises (SMEs) move beyond national borders and expand markets.

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Viet Nam President Undertakes First Official State Visit to Lao PDR

Viet Nam President Nguyen Xuan Phuc and Lao PDR President Thongloun Sisoulith pledged to continue to give the highest priority to their bilateral cooperation, and noted the need to closely coordinate in Mekong subregional cooperation mechanisms. The Viet Nam President was in Lao PDR on 9-10 August for his first official overseas visit. On 9 August, he held talks with his counterpart.

GMS in the News

Lao PDR’s Se Kong, Viet Nam’s Quang Nam Provinces Jointly Launch the Dakta Ok–Nam Giang Border Gates

The Governments of Lao People’s Democratic Republic and Viet Nam inaugurated the Dakta Ok (Se Kong, Lao PDR) – Nam Giang (Quang Nam, Viet Nam) border gates on 14 August 2021, which were upgraded to international status this year. This new international cross-border point is expected to further boost bilateral trade, investment, and tourism, and promote opportunities for cooperation between Viet Nam’s central key economic zone and Lao PDR’s south-central region, as well as Thailand’s southeast region.

GMS in the News

Thailand, ADB hold First Policy Platform Meeting on COVID-19 Active Response and Expenditure Support (CARES) Program

The Asian Development Bank (ADB) and the Government of Thailand held the first Policy Platform meeting as part of the Thailand: COVID-19 Active Response and Expenditure Support (CARES) program on 9 August. The meeting was led by Mr. Arkhom Termpittayapaisith, Finance Minister of the Government of Thailand and Asian Development Bank (ADB) Governor, and Mr. Ahmed M. Saeed, Vice-President (Operations 2), ADB.

GMS in the News

The 73-megawatt Lopburi Solar Farm is the largest solar photovoltaic project in the world. It is integral to Thailand's efforts to generate energy from renewable sources. Photo by ADB.

ADB Launches Support to Help Countries in Southeast Asia Accelerate Transition to Clean Energy

The Energy Division of the Asian Development Bank’s Southeast Asia Department launched the Accelerating the Clean Energy Transition in Southeast Asia knowledge and support technical assistance to support the countries of Southeast Asia (SEA) accelerate their transition to cleaner forms of energy.  

GMS in the News