The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Viet Nam covering the period 2023–2026. The strategy will help promote inclusive, green, and private sector-led development in Viet Nam and build a foundation for the country to achieve its goal of becoming upper middle-income by 2030.

GMS member countries are looking forward to setting the ‘Early Harvest’ Implementation of the Cross-Border Transport Facilitation Agreement (CBTA) back on track. This was emphasized by the GMS countries at the Subregional Transport Forum (STF-25) of the GMS Program held on 14 June 2022. 

A freight transit yard where cargo is transferred for transshipment has been put into operation by the People’s Republic of China (PRC) – Lao People’s Democratic Republic (Lao PDR) Railway on 1 July 2022 at the Vientiane South Station.  The freight yard promises to boost the PRC-Lao PDR railway’s logistics, improving the link between the railways of PRC-Lao PDR and Thailand.  

Foreign ministers of Mekong–Lancang Cooperation member countries vowed to strengthen their cooperation in economic integration, agriculture and food security, green development, innovation, public health and people-to-people exchanges, at the 7th Mekong - Lancang Cooperation meeting. 

The meeting adopted four joint statements on strengthening agricultural cooperation, disaster prevention, customs and trade facilitation, and exchanges between MLC civilizations. 

ADB has worked out a core pipeline of projects for 2022–2024 that uses more responsive financing modalities and considers Viet Nam’s priorities for medium- and long-term post-pandemic recovery.

ADB supports Thailand in responding to the health, social, and economic impacts of the COVID-19 pandemic. In 2021, ADB provided $1.5 billion loan to help the country mitigate the negative economic impact of the pandemic.

ADB is one of Lao PDR's largest sources of official development assistance, with an average annual lending of $100 million over the 5 years to 2021.

ADB remains deeply concerned about recent developments in Myanmar and will continue to consult with shareholders and other stakeholders on any operations in the country.