In his remarks at the 20th China-ASEAN Expo and China-ASEAN Business and Investment Summit, Viet Nam Prime Minister Phạm Minh Chính remarked that the country is eyeing to become a key transit hub and a crucial supply chain link for commerce between ASEAN nations and the People’s Republic of China (PRC).
Lao PDR Prime Minister Sonexay Siphandone, in his meeting with the Chairman of the Guangxi Zhuang Autonomous Region (GZAR), People's Republic of China (PRC), Mr. Lan Tianli, expressed hopes of enhancing their relationship further.
A smart border gate will be built at the Huu Nghi (Viet Nam) – Youyi Guan (PRC) border gate by the Guangxi Zhuang Autonomous Region (GZAR) of the People’s Republic of China (PRC) and Viet Nam’s Lang Son Province.
The Kim Thanh International Border Gate between Lao Cai (Viet Nam) and Yunnan Province (PRC) plays a vital role in the GMS northern corridor. Photo by ADB.
The Asian Economic Integration Report 2023 highlights the continued growth of integration in subregional initiatives and programs in Southeast Asia, including both in the GMS and the ASEAN, from 2006 to 2020.
Caption: Photo by Chor Sokunthea/ADB
The Asian Development Bank (ADB) has approved a $50 million policy-based loan under subprogram 1 of the Trade and Competitiveness Program to support the Government of Cambodia to diversify the country’s economy and boost its global competitiveness.
ADB supports Thailand in responding to the health, social, and economic impacts of the COVID-19 pandemic. In 2021, ADB provided $1.5 billion loan to help the country mitigate the negative economic impact of the pandemic.
ADB is one of Lao PDR's largest sources of official development assistance, with an average annual lending of $100 million over the 5 years to 2021.
ADB is one of Cambodia's largest sources of official development assistance, with average annual lending of $329.8 million from 2016-2021. The bank's support is aligned with the Cambodia's National Strategic Development Plan 2019-2023.
This report compares the Regional Comprehensive Economic Partnership (RCEP) with other free trade agreements and suggests how policy makers can promote its successful implementation.
Workers take a ride on a truck after their shift at a factory in Cambodia. Photo by ADB.
The Asian Development Bank (ADB) has approved an $82 million loan to improve about 48 kilometers of national and provincial roads in Prey Veng and Kandal to boost economic development along the Greater Mekong Subregion (GMS) Southern Economic Corridor.
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