Viet Nam is set to begin construction of a new 417-kilometer railway line connecting the northern port city of Haiphong to Kunming, People’s Republic of China (PRC), via Hanoi and Lao Cai Province. The initiative, with an estimated investment of about US$11 billion, aims to bolster trade and tourism between the two countries by enhancing connectivity and facilitating smoother transportation of goods and people.
The fifth Lao-Thai Friendship Bridge spanning the Mekong River, connecting Borikhamxay province in Lao PDR with Bueng Kan province in Thailand, is now 96% complete. Its official opening is being planned for May 2025, coinciding with the 75th anniversary of diplomatic relations between the two countries. The new bridge will facilitate easier travel and trade between the two countries, as well as strengthen connections within the Greater Mekong Subregion, particularly benefiting businesses engaged in trade between Thailand and Viet Nam.
Since 2020, the coronavirus disease pandemic have caused various constraints on global supply chains and logistics, significantly affecting the supply of goods, their prices, and people’s livelihoods. The key will be how to secure supply chains and logistics, without being affected by these external factors.
The Sihanoukville Special Economic Zone (SSEZ) in Cambodia marked a significant upsurge in trade activities in January and February 2024. The trade volume through this economic corridor reached $628 million, reflecting a robust growth of 38.3% compared to the same period in 2023.
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.
The Laos-China Railway Co., Ltd. (LCRC) continues to increase its capacity with the procurement of a new electric multiple unit (EMU) train in September. The added EMU will accommodate the growing number of train passengers and support Visit Laos Year 2024.
The Da Nang People’s Committee approved a project to develop the city’s logistics services and become a logistics center by 2030 for the central key economic region (KER) and the East-West Economic Corridor (EWEC). The city also aims to become the key gateway to the EWEC and an important transport corridor link in Asia-Pacific by 2050.
Photo via Vientiane Times
Construction work on the 5th Lao-Thai Friendship Bridge has surpassed 72% completion, and is expected to be completely finished by the end of 2024. The bridge will connect Paksan, Bolikhamsai Province (Lao PDR) to Bueng Kan Province (Thailand) across the Mekong River. The bridge is set to further boost connectivity in the GMS.
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.
Bavet Checkpoint: Moc Bai, Vietnam / Bavet, Cambodia on Route 1 to Phnom Penh. 2011 Gerhard Jörén/ADB.
GMS member countries are looking forward to setting the ‘Early Harvest’ Implementation of the Cross-Border Transport Facilitation Agreement (CBTA) back on track. This was emphasized by the GMS countries at the Subregional Transport Forum (STF-25) of the GMS Program held on 14 June 2022.
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