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.
This report compares the Regional Comprehensive Economic Partnership (RCEP) with other free trade agreements and suggests how policy makers can promote its successful implementation.
The Friendship bridge built with Australian funding and completed and opened in 1994, crossing the Mekong River and connecting Thailand to Laos. Photo by Jim Holmes / AusAID via Flickr. (CC BY 2.0)
The fifth friendship bridge between the Lao People‘s Democratic Republic (Lao PDR) and Thailand is set to further enhance Lao PDR’s connectivity with its neighbors in the Greater Mekong Subregion. It will link Borikhamxay province (Lao PDR) to Bueng Kan province (Thailand), becoming a vital road link between Laos, Thailand and Vietnam. Spanning over 150km, it promises to be the shortest connecting link between the three countries and opens another regional trade and transit route.
A feasibility study will be undertaken for the construction of an expressway from Houaphanh, a province in eastern Lao People’s Democratic Republic (PDR), to its border with Viet Nam, reported the Vientiane Times. The project is part of a larger expressway construction project linking Houaphanh with the Lao PDR capital of Vientiane.
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