High-Quality Infrastructure Boosts Trade on PRC-Viet Nam Corridor
For 25 years, six countries in the Greater Mekong Subregion have been promoting regional economic development. Upgrading cross-border transport networks is a key area of investment.
For 25 years, six countries in the Greater Mekong Subregion have been promoting regional economic development. Upgrading cross-border transport networks is a key area of investment.
The Greater Mekong Subregion is one of the fast-growing markets for air transport services today.
HA NOI, VIET NAM (18 December 2017) — The Asian Development Bank’s Board of Directors has approved a $150 million loan to help improve economic connectivity and raise living standards in four of Viet Nam’s northeastern provinces by enhancing basic infrastructure and services.
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.
Economic corridors, like the East-West Corridor running through the Greater Mekong Subregion, are much more than just highways. They link a variety of economic activities and have wide-ranging impacts.
MANILA, PHILIPPINES (29 November 2010) - The Asian Development Bank will extend $95 million to help the Lao People's Democratic Republic and Viet Nam upgrade roads in the northeastern transport corridor that offers trade and poverty reduction benefits to both countries, as well as the wider Mekong region.
MANILA, PHILIPPINES (12 February 2013) – The Asian Development Bank and Government of Australia are providing an extra $37 million for a project improving roads and tackling HIV and human trafficking risks along a key coastal route linking Viet Nam and Cambodia.
HA NOI, VIET NAM (25 November 2014) – The Asian Development Bank and the Government of Viet Nam today signed a $50 million loan agreement to upgrade Viet Nam’s tourism infrastructure, boost tourist spending, and create more jobs in the industry for poor and ethnic minority communities.
A long stretch of road linking several provinces of Myanmar, the Lao People’s Democratic Republic, Thailand and Viet Nam is home to many impoverished farmers. But things are slowly changing. Thanks to an improved road system, farmers now have an opportunity to distribute their agricultural products over long distances, reaching large, rich markets across the region. Farmers are also adding value to agricultural
(Left to Right) Sok Chenda Sophea, Minister Attached to the Prime Minister, Secretary General Council for Development of Cambodia; Hong Xiao Yong, PRC Ambassador to Viet Nam; Somchith Inthamith, Vice Minister, Ministry of Planning, Lao PDR; Nguyen Chi Dung, Vice Minister, Ministry of Planning and Investment, Viet Nam; Lei Lei Thein, Deputy Minister, Ministry of National Planning and Economic Development, Myanmar; Porametee Vimolsiri, Deputy Secretary General, National Economic and Social Development Board, Thailand; and Bindu Lohani, Vice-President, Knowledge Management and Sustainable Development, ADB. Photo: ADB.
HA NOI, VIET NAM (8 August 2014) – The Greater Mekong Subregion (GMS) needs to ensure that economic corridors yield benefits in terms of trade, investment, and jobs, participants at the 6th GMS Economic Corridors Forum (ECF) heard today.