The Asian Development Bank (ADB) is assisting the Government of Thailand in designing, issuing, and monitoring innovative capital market initiatives as part of the country’s recovery from the coronavirus disease (COVID-19) pandemic in a manner aligned with the 2015 Paris Agreement and the UN Sustainable Development Goals.
A GMS Senior Officials Meeting (SOM) was held on 11 September 2020 via web-based conferencing to review (i) proposed key GMS strategic planning documents and knowledge products, which includes GMS COVID-19 response initiatives and the new long-term strategy for the GMS program, and (ii) preparations for upcoming GMS events—the 11th Economic Corridors Forum (ECF-11), the 24th GMS Ministerial Conference (MC-24), and the 7th GMS Summit (Summit-7).
With proactive planning and investment in health and other sectors—and the support of partners like ADB—the six countries of the Greater Mekong Subregion (GMS) are meeting the challenge of the coronavirus disease (COVID-19) pandemic while ensuring faster economic recovery.
This joint virtual dialogue organized by Asian Development Bank (ADB) and the International Organization for Migration (IOM) on Labor Migration in the Greater Mekong Subregion (GMS) covering Cambodia, the People’s Republic of China (specifically Yunnan Province and Guangxi Zhuang Autonomous Region), Lao People's Democratic Republic, Myanmar, Thailand and Viet Nam aims to strengthen cooperation through enhanced labor migration management.
Cambodia, Lao People’s Democratic Republic (PDR), Myanmar, and Viet Nam (CLMV) economic ministers endorsed the CLMV Action Plan 2021-2022 focusing on (i) trade and investment cooperation, (ii) implementation of regional commitments, (iii) pandemic recovery plan, (iv) Framework for CLMV Development, and (v) human resource development.
The Mekong River Commission (MRC) released a Situation Report on conditions in the Lower Mekong River Basin in January-July 2020 identifying possible causes of low flows and drought.
The MRC noted that the Lower Mekong River Basin has experienced record lows for the second consecutive year.
The Global COVID-19 Index recognized Thailand as the top country in making the most progress toward curbing the spread of the pandemic. In a report published by Thailand’s Ministry of Public Health,Thailand shares its experience in addressing the coronavirus disease (COVID-19) outbreak and provides policy lessons to help other countries overcome this disease.
Innovative Public Health Strategies
The joint venture V1-2 wind power plant between the Truong Thanh Viet Nam Group and the Sermsang Power Corporation Public Company Limited of Thailand launched construction in Tra Vinh, Viet Nam, on 14 August. The 48 MW peak facility consists of 12 wind turbines to be built on 1,220 hectares in the Truong Long Hoa commune, Duyen Hai town. The project is estimated to cost around $96 million (2.23 trillion VND), and is expected to generate around 163 million kWh of electricity each year.
The Myanmar Government unveiled plans to develop a bigger and better connected special economic zone (SEZ) located in Mon State at a virtual Myanmar-Japan Investment Dialogue held on 29 July 2020. The strategically located SEZ will connect both the Indian Ocean and Pacific Ocean, and the Thilawa SEZ in Myanmar to Viet Nam’s Da Nang SEZ via the Greater Mekong Subregion’s East-West Economic Corridor. Plans for the new SEZ also include the construction of deep-sea port facilities.