The 26th Regional Power Trade Coordination Committee Meeting was held to further cooperation and enhance power trade among members of the Greater Mekong Subregion (GMS) on 26-27 November in Ha Noi, Viet Nam. Hosted by Viet Nam's Electricity Regulatory Authority, participants included energy officials from GMS member countries and representatives of ADB and development partners.
The Asian Development Bank (ADB) will make available $200 million through its Supply Chain Finance Program for companies manufacturing and distributing medicines and other items needed to combat the novel coronavirus (COVID-19).
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.
Mr. Jens Thraenhart, Executive Director of the Mekong Tourism Coordinating Office, cautioned that what makes travel in the Greater Mekong Subregion (GMS) one of a kind is now at risk. This includes travel experiences that define the Mekong Region and small businesses that are unique to the subregion.
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.
A study looks at the costs of overloading and how improved policies and enforcement can give an economic boost to Mekong countries.
Limited resources did not stop Viet Nam from implementing a quick and effective response against the COVID-19 pandemic. As countries all over the world work to overcome the novel coronavirus outbreak, Viet Nam, a country with a population of 95 million, boasts a remarkably low infection rate of only 271 total confirmed cases and no deaths, according to the World Health Organization situational report (as of 5 May 2020).
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.