Cambodia and the Lao People’s Democratic Republic have agreed to strengthen joint efforts to fight illegal fishing practices and increase fish stock in the Mekong-Sekong basin.
GMS in the News
The Lao National Chamber of Commerce and Industry on 5 July launched the Lao Provincial Facilitation of Investment and Trade Index (ProFIT), which rates economic governance at the provincial level according to feedback from the country's small and medium enterprises.
The World Bank approved in June $110 million in additional financing to improve the condition, safety, and climate resilience of a key highway in Cambodia.
Asian Development Bank President Takehiko Nakao and People’s Republic of China Secretary of the Party Leadership Group and Vice President of the Development Research Center Ma Jiantang discussed the possibility of conducting joint knowledge work on regional cooperation.
International visitor arrivals in the Greater Mekong Subregion went up by 13% to 59.9 million in 2017, according to the Pacific Asia Travel Association’s Annual Tourism Monitor 2018.
Five Mekong River Basin countries have agreed on a 5-year master plan that includes promoting the smooth flow of goods and people in the East-West Economic Corridor and Southern Economic Corridor of the Greater Mekong Subregion.
The Stock Exchange of Thailand plans to launch a pan-Mekong board and index to tap growing investor interest in developing Mekong economies. The plan, however, is still in its early stages and has not yet reached the Securities and Exchange Commission.
The Lao People’s Democratic Republic (Lao PDR) began project preparations for a highway that extends from its capital Vientiane to Pakse city in the southern province of Champasak. The project is part of a highway that will connect Vientiane with Viet Nam’s capital Hanoi.
The German government is supporting two projects between Cambodia and the Lao People’s Democratic Republic (Lao PDR), and between Cambodia and Thailand to better manage resources in the Mekong River basin and address flood and drought issues.