Economic growth in Southeast Asia is trending up with nearly all countries showing bright prospects. The Asian Development Bank (ADB) forecasts gross domestic product (GDP) to grow at an average of 4.8% in 2017 and 5% in 2018, from 4.7% in 2016.
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HONG KONG, CHINA (6 April 2017) — The People’s Republic of China (PRC) needs to accelerate structural reforms in order to boost productivity and sustain growth momentum, says a new Asian Development Bank report.
YANGON, MYANMAR (6 April 2017) — Myanmar’s growth should accelerate this year and the next, driven by a firming recovery in the major industrial economies and the government’s continued reforms, says a new Asian Development Bank (ADB) report launched today.
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.
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.
This is the summary of proceedings from the 21st Meeting of the Regional Power Trade Coordination Committee (RPTCC-21) and the meetings of the Working Group on Performance Standards and Grid Codes and Working Group on Regulatory Issues held on 8–9 December 2016 in Siem Reap, Cambodia.
This is the summary of proceedings from the 22nd Annual Meeting of the Greater Mekong Subregion Working Group on Environment (WGE AM-22) held on 26-27 July 2016 in Da Nang, Viet Nam.
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.
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.
This is the summary of proceedings of the 5th Meeting of the GMS Urban Development Task Force held in Bangkok, Thailand from 25–26 August 2016.
Political and socioeconomic conditions in the GMS subregion have changed dramatically over the last two decades. It is vital that the Program and its institutional framework are able to respond to these changes and address new challenges.
The report discusses the status of priority projects in the Greater Mekong Subregion as of 30 June 2016. It also contains the Revised Regional Investment Framework Implementation Plan 2020.
The 15th Meeting of the Greater Mekong Subregion Working Group on Human Resource Development was held on 13-14 December 2016 in Kunming, Yunnan Province, People’s Republic of China.
The 38th Meeting of the Greater Mekong Subregion Tourism Working Group was held on 8 December 2016 in Kunming, Yunnan Province of the People’s Republic of China.
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.
Green infrastructure can play a significant role in offsetting losses from climate-related disasters and contribute to building resilience through rehabilitation and expansion of natural ecosystems within built areas.
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.
The Ministers from the six countries of the Greater Mekong Subregion issued a joint statement entitled "Spurring Inclusive Growth along the GMS Economic Corridors" at the 21st Ministerial Conference of the Greater Mekong Subregion Economic Cooperation Program held in Chiang Rai, Thailand on 30 November to 1 December 2016.
The study looks into the role of special economic zones in strengthening the competitiveness of economic corridors of the Greater Mekong Subregion.
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.