HONG KONG, CHINA (26 September 2018) — Slower demand growth and an unfavorable trade environment has dampened the People’s Republic of China’s (PRC) growth outlook for 2019, although supply-side reform, strong service sector growth, as well as monetary and fiscal support will keep the PRC’s economy on track, according to a new report by the Asian Development Bank.
PHNOM PENH, CAMBODIA (26 September 2018) — The Asian Development Bank forecasts Cambodia’s gross domestic product growth to maintain its strong momentum in 2018 with strong performances expected in exports and domestic demand.
HA NOI, VIET NAM (26 September 2018) — Viet Nam’s economy continued to perform strongly in the first half of 2018, although external and domestic challenges could affect the country’s growth outlook for this year and next, says a new Asian Development Bank report.
VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (26 September 2018) — Economic growth for the Lao People’s Democratic Republic is expected to moderate in 2018, as agriculture and mining outputs are forecast to underperform, although an expansion in electricity generation, construction, and services will partially offset these adverse effects, according to a new Asian Development Bank report.
VIENTIANE, LAO PEOPLE’S DEMOCRACTIC REPUBLIC (17 September 2018) — The Asian Development Bank’s Board of Directors has approved a $48 million grant to help improve urban environmental services and enhance economic connectivity in Paksan and Thakhek, two of the least developed towns along the Greater Mekong Subregion Central Corridor in the Lao People’s Democratic Republic.
VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (7 September 2018) — The Asian Development Bank and the Government of the Lao People’s Democratic Republic signed an agreement for a $40.5 million grant for the Climate-Friendly Agribusiness Value Chains Sector Project that will help farmers and agribusinesses develop sustainable and climate-smart agriculture value chains in the country.
The Climate-Friendly Agribusiness Value Chains Sector Project is helping transform transport corridors in the Greater Mekong Subregion into economic corridors by developing upstream and downstream linkages in agribusiness supply chains in a climate-friendly manner.
A new variety of rice is now helping smallholder farmers in North Thailand out of poverty, while also improving their diet. Siam Organic Co., Ltd., which introduced Jasberry rice, a non-GMO, organic rice variety in the region, adopted an inclusive business model to help farmers increase harvest yields and earn more.
The Twenty-Second Meeting of the GMS Subregional Transport Forum (STF-22) was held in Mandalay, Myanmar on 21–22 June 2018.