ADB has worked out a core pipeline of projects for 2022–2024 that uses more responsive financing modalities and considers Viet Nam’s priorities for medium- and long-term post-pandemic recovery.
The Governments of Lao People’s Democratic Republic and Viet Nam inaugurated the Dakta Ok (Se Kong, Lao PDR) – Nam Giang (Quang Nam, Viet Nam) border gates on 14 August 2021, which were upgraded to international status this year. This new international cross-border point is expected to further boost bilateral trade, investment, and tourism, and promote opportunities for cooperation between Viet Nam’s central key economic zone and Lao PDR’s south-central region, as well as Thailand’s southeast region.
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 Governments of Lao PDR and Viet Nam will upgrade the Dakta-ok-Nam Giang border crossing between Sekong (Lao PDR) and Quang Nam (Viet Nam) provinces to international status, with the Sekong province opening its first international border crossing on 24 March. This upgrade will further ease the movement of goods and people between the two countries, and shorten the distance between Thailand and Viet Nam via the southern Lao PDR route by more than 100 kilometres.
Cambodia and Viet Nam will continue to work together to ensure bilateral trade continues amidst border control measures implemented due to the COVID-19 pandemic. While the two countries have enforced stricter travel restrictions to tourists passing through their borders, Cambodia and Viet Nam remain open to the exchange of goods.
Border gate between Lao PDR and Viet Nam in Lao Bao (ADB Photo)
Lao People’s Democratic Republic (PDR) and Viet Nam plan to upgrade two local border crossing points to international border crossings this year. The plan was announced during the 29th annual border meeting of the two neighboring countries on 26 December 2019 in Ha Noi, Viet Nam.
The Dak Ta-Ok (Lao PDR)–Nam Giang (Viet Nam) between Xekong (Lao PDR) and Quang Nam (Viet Nam) provinces will be the first international crossing point in Xekong. The neighboring countries plan to open this upgraded international border crossing in the first quarter of 2020.
This is the joint statement issued at the 23rd GMS Ministerial Conference held in Phnom Penh, Cambodia on 18 November 2019.
Ferry services between Kampot in Cambodia and Phu Quoc Island (in photo), a leading tourist attraction in Viet Nam, are expected to promote tourism as well as benefit residents and local businesses in the Southern Coastal Subcorridor. Photo: iStock.com.
An international seaport project in Southern Cambodia will serve as a gateway for direct ferry services to Viet Nam and later to other destinations in the Gulf of Thailand. The fast ferry services are expected to boost tourism in the Southern Coastal Subcorridor of the Greater Mekong Subregion.
Bangkok is still the busiest aviation hub in the subregion, followed by Kunming. Photo: ADB.
The Greater Mekong Subregion is one of the fast-growing markets for air transport services today.
HA NOI, VIET NAM (20 September 2017) — Ministers from the six member countries of the Greater Mekong Subregion today endorsed a five-year action plan framework that includes $64 billion in projects to help the subregion achieve inclusive growth and sustainable development.
Greater Mekong Subregion Secretariat
Regional Cooperation and Operations Coordination Division,
Southeast Asia Department, Asian Development Bank
Address: 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines
Telephone: +63 2 8632 4444 Fax: +63 2 8636 2226