The Vientiane Saysettha Development Zone (SDZ) is being developed into a low-carbon demonstration model by the Lao-China Joint Venture Investment Co., Ltd. (LCJV). Low carbon demonstration zones hope to address climate change and green and low-carbon transition, and boost regional cooperation with the PRC.
Jiarun Agricultural Development Co, Ltd., of the People's Republic of China, and the Ministry of Planning and Investment of the Lao People’s Democratic Republic, have signed a Memorandum of Understanding (MoU) on the feasibility study for a forest restoration and ecological agriculture development project. The MoU states that the feasibility study will be conducted for 5,000 hectares of land in Sanamxay district of Attapeu province in southern Lao PDR. The project is envisioned to generate over 50,000 local jobs, promoting the local economy and raising the people's living standards.
The Green Climate Fund (GCF) has allocated $300 million to support the Asian Development Bank's (ADB) efforts to help Southeast Asia shape a climate-resilient, environmentally sustainable economic recovery from the coronavirus disease (COVID-19) pandemic.
This publication provides an analysis of key challenges and opportunities for the Greater Mekong Subregion (GMS) to realize its development goals by 2030 and beyond.
The Asian Development Bank (ADB) and its partners will collectively zero in on strategies and policy responses that countries can adopt to lay the groundwork for post-COVID-19 recovery at the upcoming Southeast Asia Development Symposium (SEADS) Innovation through Collaboration: Planning for Inclusive Post-COVID-19 Recovery.
The Greater Mekong Subregion Biodiversity Conservation Corridors Project, an Asian Development Bank supported project that was first approved in 2010 and given additional funding in June 2015, has significantly contributed to forest protection in Viet Nam’s Quang Nam, Quang Tri, and Thua Thien-Hue provinces.
Cambodia, Lao PDR, and Viet Nam (CLV) Leaders expressed their firm commitment to strengthen the CLV Development Triangle Area (DTA) in order to accelerate economic growth, alleviate poverty, and promote socio-cultural progress in the subregion. At the 11th CLV Summit held online on 9 December, they adopted a Joint Declaration that provides a foundation for the subregion’s socio-economic development plan until 2030 and the Tourism Development Plan. They also adopted the Development Plan for Sustainable Rubber Industry.
The 24th GMS Ministerial Conference (MC-24) was held on 4 November 2020 with the theme “Pave the way to a more integrated, inclusive, sustainable and prosperous GMS.”
The Governments of Cambodia, Lao People’s Democratic Republic (PDR), Myanmar, Thailand, and Viet Nam, and the United States of America (US), launched the Mekong-US Partnership and held its first Ministerial Meeting on 11 September 2020. The partnership builds on the US-Mekong cooperation developed through the Lower Mekong Initiative.