Cambodia recorded 4.4 million international tourist arrivals in the first 10 months of 2023, a 180% increase over the same period in 2022. Tourism Minister Sok Soken remarked that based on this figure, Cambodia is expected to receive approximately 5.4 million foreign visitors in 2023.
ASEAN member countries agreed to fast track the implementation of cross-border payments in ASEAN at the 43rd ASEAN Summit in Jakarta, Indonesia. This paves the way for ASEAN member countries to utilize local currencies when transacting in the region and promote regional payment connectivity. This move encourages the use of local currencies to support cross-border trade and investment in the ASEAN region.
The ASEAN Federation of Forwarders Associations (AFFA) met on 2 December 2023 in Phnom Penh, Cambodia, for their 33rd annual meeting, and discussed facilitation of goods transportation via inter-governmental cooperation in the region.
ASEAN countries have emphasized the development of logistics services, infrastructure, and trade facilitation measures, and promoting intra-bloc connectivity.
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.
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