GMS in the News

The Asian Development Bank (ADB) will support the sustainable, inclusive, and resilient urban development of Luang Prabang, Lao People’s Democratic Republic (Lao PDR), with financing worth $35 million via a concessional loan and a $10 million grant. The project is set to (i) improve the quality and coverage of urban infrastructure and services, (ii) strengthen institutions and capacity to foster climate and disaster resilient development pathways, (iii) promote inclusive and gender-responsive urban planning, and (iv) enhance women's leadership and economic empowerment. The Government of Lao PDR will complement the financing with in-kind contributions to support counterpart salaries and office facilities

Da Nang, Viet Nam, was recognized for excellence in smart urban construction and development, notably its excellence in environmental monitoring, by the country’s national association for software and IT services, 

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 Asian Development Bank (ADB) has announced a grant of $1.3 million to advance disaster risk management in the Association of Southeast Asian Nations (ASEAN) through technical assistance (TA). The TA will support the implementation of the ASEAN Agreement on Disaster Management and Emergency Response Work Programme, 2021–2025, which will strengthen regional cooperation on understanding, reducing, and managing transboundary risks.

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.

The Asian Development Bank (ADB) has approved a $73 million financing package to boost the climate resilience and sustainability of coastal and marine fisheries in Cambodia.

The Department of Public Works and Transport of the Lao People’s Democratic Republic (PDR), and Supthavy Construction Maintenance Complete Sole Ltd. signed an agreement for the fourth Greater Mekong Subregion (GMS) Corridor Towns Development Project. Mr. Khouanta Douanglaty, department director, and Ms. Chinadavone Siritham, President, Supthavy Construction led the signing.