The Myanmar Government unveiled plans to develop a bigger and better connected special economic zone (SEZ) located in Mon State at a virtual Myanmar-Japan Investment Dialogue held on 29 July 2020. The strategically located SEZ will connect both the Indian Ocean and Pacific Ocean, and the Thilawa SEZ in Myanmar to Viet Nam’s Da Nang SEZ via the Greater Mekong Subregion’s East-West Economic Corridor. Plans for the new SEZ also include the construction of deep-sea port facilities.
Cambodia, Lao People’s Democratic Republic (PDR), Myanmar, and Viet Nam (CLMV) economic ministers endorsed the CLMV Action Plan 2021-2022 focusing on (i) trade and investment cooperation, (ii) implementation of regional commitments, (iii) pandemic recovery plan, (iv) Framework for CLMV Development, and (v) human resource development.
Plans are underway to connect Yangon in Myanmar with the Bago Region and Mon State through new expressways along the Greater Mekong Subregion’s (GMS) East-West Economic Corridor. The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) will provide financing assistance to build more efficient highways that will promote safer movement of goods and people.
As the Lao People’s Democratic Republic (PDR) increases its electricity exports, the country is prioritizing safety improvement of its dams. A committee comprising local and foreign experts will conduct dam safety inspections, according to news by the Laotian Times. The Government is also implementing new safety measures and standards.
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.
As the region works to overcome the ongoing COVID-19 pandemic, the Asian Development Bank (ADB) through the GMS Health Security Project is supporting reinforcement of public health security and readiness of health systems in Cambodia, the Lao People’s Democratic Republic (PDR), Myanmar, and Viet Nam, to face the threats of COVID-19.
Robots are helping keep medical workers in Myanmar safer and lowering the risk of further spreading the coronavirus disease (COVID-19) by reducing contact with COVID-19 and COVID-19-suspected patients.
The Government of Myanmar released a Strategic Roadmap for Tourism Recovery that aims to establish ‘new normal’ conditions to help tourism make a comeback.
Mr. Ohn Maung, Union Minister of Ministry of Hotels and Tourism, provided guidelines for implementation of the plan. It includes three phases:
Myanmar’s Union Parliament approved a proposed loan from the Asian Development Bank (ADB) worth around $483.8 million to finance construction of the Bago–Kyaikto highway. The Bago–Kyaikto highway lies along the Greater Mekong Subregion (GMS) East–West Economic Corridor (EWEC), which links Myanmar to Thailand, Lao People’s Democratic Republic, and Viet Nam, and Myanmar’s Thilawa Port in Yangon to Viet Nam’s Danang Port.
The Asian Development Bank (ADB) approved a $250 million loan to help the Government of Myanmar respond to the coronavirus disease (COVID-19) pandemic by mitigating the impacts on people’s health, livelihoods, and the economy, while also ensuring that the poor and vulnerable benefit from the country’s economic recovery.