Motorcycle tires being manufactured inside the Camel Rubber Vietnam Co. Ltd factory at the Lao Bao Commercial Area in Huong Hoa District, Quang Tri, Viet Nam. The tires produced by the company are sold locally and are also exported to Lao PDR, Cambodia, Thailand, European and South American countries, as well as to other countries in the ASEAN region. Photo by the Asian Development Bank.

ADB Promotes Trade and Cross-border Investment between SMEs in the GMS and India

The Asian Development Bank (ADB) approved a $3,000,000 technical assistance to support the implementation of initiatives to accelerate trade and cross-border investment between small and medium-sized enterprises (SMEs) of Cambodia, Thailand, Viet Nam—member countries of the Greater Mekong Subregion (GMS) program—and India. This ADB-administered technical assistance is financed by the United Kingdom Fund for Asia Regional Trade and Connectivity under the Regional Cooperation and Integration Financing Partnership Facility.

Projects

Border gate between Lao PDR and Viet Nam in Lao Bao (ADB Photo)

Lao PDR, Viet Nam Plan to Open New International Borders

Lao People’s Democratic Republic (PDR) and Viet Nam plan to upgrade two local border crossing points to international border crossings this year. The plan was announced during the 29th annual border meeting of the two neighboring countries on 26 December 2019 in Ha Noi, Viet Nam. 

The Dak Ta-Ok (Lao PDR)–Nam Giang (Viet Nam) between Xekong (Lao PDR) and Quang Nam (Viet Nam) provinces will be the first international crossing point in Xekong. The neighboring countries plan to open this upgraded international border crossing in the first quarter of 2020.

GMS in the News

Lao PDR and Myanmar to Work on a New Cooperation Master Plan

The Lao People’s Democratic Republic (PDR) and Myanmar will explore opportunities to enhance tourism cooperation through bilateral and multilateral frameworks. This was agreed by the two countries at the 12th Meeting of Myanmar-Laos Joint Commission for Bilateral Cooperation held in Vientiane, Lao PDR on 6 March 2020. 

Lao PDR and Myanmar aim to create a new cooperation master plan. Tourism could help promote each other’s rich culture and heritage and bring their people together.  

News

Cambodia Plans Improvement of Thailand and Viet Nam Border Gate Facilities

A press release from the Royal Government of Cambodia’s Ministry of Economy and Finance announced plans to improve facilities at border gates with Thailand and Viet Nam.   

Cambodia’s border crossing points with Thailand and Vietnam are crowded with traffic of cross-border transport and tourists. The country wants to develop the necessary infrastructure to manage this traffic flow to ease cross-border transport and boost trade activities.

The Economic and Financial Policy Committee, chaired by Deputy Prime Minister Aun Pornmoniroth, approved the proposal. 

News

Can Tho Prepares to Become a Major Smart City in the Mekong Delta

Through the use of modern information technology, Can Tho is transforming itself to become Viet Nam’s first smart city in the southwestern region by 2025. By transforming itself into a smart city, Can Tho hopes to further encourage civic engagement,  increase competitiveness, and improve the city’s socio-economic development.   

GMS in the News

The Noi Bai-Lao Cai Highway is an integral section of the eastern link of the GMS Northern Economic Corridor, connecting Kunming in Yunnan province of the PRC with Hanoi, and Hai Phong and Cai Lan ports in Viet Nam. Photo by ADB.

Lao Cai, Viet Nam as an Investment Spotlight 

Viet Nam’s Lao Cai province has become a ‘promising destination for foreign investments,’ according to a feature on the Viet Nam Briefing, with its strategic location on the Greater Mekong Subregion (GMS) Northern Economic Corridor and its connectivity to the southwestern region of the People’s Republic of China (PRC). Key sectors of investment in Lao Cai include construction, tourism, and a

GMS in the News

A beach on Phu Quoc Island, Viet Nam

Ferry services between Kampot in Cambodia and Phu Quoc Island (in photo), a leading tourist attraction in Viet Nam, are expected to promote tourism as well as benefit residents and local businesses in the Southern Coastal Subcorridor. Photo: iStock.com.

Fast Ferries to Boost Tourism in Southern Economic Corridor

An international seaport project in Southern Cambodia will serve as a gateway for direct ferry services to Viet Nam and later to other destinations in the Gulf of Thailand. The fast ferry services are expected to boost tourism in the Southern Coastal Subcorridor of the Greater Mekong Subregion.

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