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Lao PDR's economic growth is picking up in 2017 and 2018, supported by the expansion of production and sales of electricity as well as buoyant services sector growth, among others.

Lao PDR's economic growth is picking up in 2017 and 2018, supported by the expansion of production and sales of electricity as well as buoyant services sector growth, among others. Photo: ADB.

Solid Growth Expected for Lao PDR in 2017 and 2018 - ADB

VIENTIANE, LAO PDR (6 April 2017) — Economic growth is picking up in the Lao People’s Democratic Republic’s (Lao PDR) in 2017 and 2018, supported by the expansion of production and sales of electricity, a buoyant services sector growth, and construction of the cross-border railway project, says a new Asian Development Bank report released today.

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Cambodia’s economy is expected to remain strong over the next couple of years partly driven by solid garment and footwear exports.

Cambodia’s economy is expected to remain strong over the next couple of years partly driven by solid garment and footwear exports. Photo: ADB.

ADB Forecasts Cambodia's Economic Growth to Remain Robust

PHNOM PENH, CAMBODIA (6 April 2017) — Cambodia’s economy is expected to remain strong over the next 2 years, driven by solid garment and footwear exports, construction and real estate activities, rising government expenditure, and a moderate recovery in agricultural production, says a new Asian Development Bank (ADB) report released today.

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ADB Lao PDR Resident Mission OIC Steven Schipani and Vice Minister of Finance Thipphakone Chanthavongsa signed the loan and grant agreement in a ceremony in Vientiane.

ADB Lao PDR Resident Mission OIC Steven Schipani and Vice Minister of Finance Thipphakone Chanthavongsa signed the loan and grant agreement in a ceremony in Vientiane attended by other government officials. Photo: ADB

ADB Support to Strengthen Health Security in Lao PDR, Mekong Region

VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (3 February 2017) — The Asian Development Bank and the Government of Lao People’s Democratic Republic today signed an agreement for a $12 million loan and grant package for a health security project.

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The Greater Mekong Subregion is promoted as a single destination for international visitors. It develops tourism that is profitable, pro-poor, and ecologically sustainable.

The Greater Mekong Subregion is promoted as a single destination for international visitors. It develops tourism that is profitable, pro-poor, and ecologically sustainable. Photo: ADB.

10 Things to Know about the Greater Mekong Subregion

The countries of the Greater Mekong Subregion (GMS) have undergone an amazing transformation since 1992, and more changes are on the way. Here are 10 things you might not know about this dynamic subregion.

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The project will improve cross-border connectivity in the Greater Mekong Subregion. This will help create jobs and raise incomes for local residents. Photo: ADB.

ADB to Support Cross-Border Economic Activities Between Viet Nam and Guangxi, PRC with $450 Million Loan

MANILA, PHILIPPINES (8 December 2016) – The Asian Development Bank has approved a $450 million investment program to promote cross-border economic activities between Guangxi Zhuang Autonomous Region of the People’s Republic of China and northern Viet Nam. The program will focus on developing the North-South Economic Corridor under the Greater Mekong Subregion Cooperation Program.

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Expansion of economic corridor networks and new areas for economic investment will strengthen trade and investment links between the capital cities of Mekong countries. Photo: ADB.

Expansion of economic corridor networks and new areas for economic investment will strengthen trade and investment links between the capital cities of Mekong countries. Photo: ADB.

Expanded Road Networks to Link Mekong Capitals, Boost Investment

CHIANG RAI, THAILAND (1 December 2016) – A major expansion of economic corridor networks and new areas for economic investment will strengthen links between the capital cities of Mekong countries, and provide unprecedented opportunities for cross-border trade and investment under an agreement reached today by officials attending the 21st Greater Mekong Subregion (GMS) Ministerial Conference.

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The project will enhance responses to emerging infectious diseases and the management of other major public health threats. Photo: ADB.

ADB $125 Million Loan and Grant to Strengthen Health Security in GMS

PHNOM PENH, CAMBODIA (23 November 2016) — The Asian Development Bank has approved a $117 million loan to the Governments of Cambodia, Lao People’s Democratic Republic, Myanmar and Viet Nam to enhance responses to emerging infectious diseases and the management of other major public health threats. The Lao PDR government is also receiving $8 million in grant assistance.

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Agriculture officials in the Greater Mekong Subregion met in Viet Nam to discuss how to strengthen the production and trade of safe and environment-friendly agriculture products. Photo: ADB.

GMS Officials to Reinvigorate Trade, Climate Friendly Agriculture Products

DA NANG, VIET NAM (29 July 2016) – At the 13th Annual Meeting of the Working Group on Agriculture of the Greater Mekong Subregion, agriculture officials discussed ways to improve food safety and trade, climate friendly agriculture and bioenergy and biomass management.

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ADB President Takehiko Nakao meets with Viet Nam’s State President Tran Dai Quang. Photo: ADB.

ADB Supports Viet Nam’s Reforms, Pledges Continued Strong Assistance

HA NOI, VIET NAM ( 17 June 2016) — The President of the Asian Development Bank Takehiko Nakao met with Viet Nam’s State President Tran Dai Quang and Prime Minister Nguyen Xuan Phuc during his two-day visit to discuss ADB’s deepening partnership with the country and priorities for future cooperation.

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ADB President Takehiko Nakao meets with Myanmar’s President U Htin Kyaw. Photo: ADB.

ADB President Commends Myanmar’s Progress, Announces Expanded Assistance

NAY PYI TAW, MYANMAR (14 June 2016) – Asian Development Bank President Takehiko Nakao met with Myanmar’s President U Htin Kyaw and State Counsellor and Minister of Foreign Affairs Daw Aung San Suu Kyi to discuss Myanmar’s development prospects, macroeconomic and structural priorities, and ADB’s support to the new administration.

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Delegates at the Green Freight and Logistics in Southeast Asia regional workshop held in Bangkok. Photo: ADB.

Green Freight Approach Needed For Greater Mekong Subregion - Workshop

BANGKOK, THAILAND (2 June 2016) – “Greening” road freight in the Greater Mekong Subregion will help participating countries achieve their Sustainable Development Goals, as well as providing economic benefits, delegates at a workshop in Bangkok heard today.

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Prime Minister Thongsing Thammavong of Lao PDR (right) greets ADB President Takehiko Nakao. Photo: ADB.

ADB President Affirms Support for Lao PDR Development, Regional Cooperation

VIENTIANE, LAO PDR (4 April 2016) — Asian Development Bank President Takehiko Nakao today met Thongsing Thammavong, Prime Minister of the Lao People’s Democratic Republic (Lao PDR), Liane Thykeo, Minister of Finance, and Somdy Douangdy, Minister of Planning and Investment, to discuss how ADB can support the country’s infrastructure, private sector, skills development, and health services.

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Thailand's highway network spans over 70,000 kilometers across all regions. Photo: ADB.

Highway 12 Upgrades to Support Cross-Border Trade and Tourism

BANGKOK, THAILAND (12 March 2016) – The completion of work on a 105-km section of highway from Phisanulok to Lomsak to expand it from two lanes to four, supported by the Asian Development Bank, is expected to generate greater economic activity and increase local competitiveness

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ADB Loan to Boost Urban Services in Towns Along GMS Economic Corridor

VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (16 November 2015) – The Asian Development Bank has approved a $37 million loan, with an additional $10 million in cofinancing, to support government efforts to improve urban services in Houayxay and Luang Namtha, two towns located along a Greater Mekong Subregion main economic corridor.

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