GMS in the News

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.

The Freshwater Aquaculture Research and Development Centre (FARDeC), under Cambodia’s Ministry of Agriculture, Forestry and Fisheries, is significantly bolstering the country's aquaculture sector by producing tens of thousands of fish hatchlings. Young fish bred by FARDeC have exhibited higher survival rates and faster growth compared to those in the wild, a success attributed to the center's specialized feeding program.

Cambodia's tourism sector continues on an upward trajectory, with the country making concerted efforts to surpass pre-pandemic tourism levels through strategic campaigns, international collaborations, and infrastructural enhancements. In the initial months of 2024, Cambodia has seen a significant uptick in international tourism.

The construction of the fifth Lao-Thai Friendship Bridge, an infrastructure project connecting the Lao People’s Democratic Republic (Lao PDR) and Thailand, is on schedule to be completed by the end of 2024. This bridge spans the Mekong River, linking Bolikhamxay province in Lao PDR with Bueng Kan province in Thailand. The project is a testament to the ongoing cooperation between the two nations and is expected to enhance travel and trade within the Greater Mekong Subregion (GMS).

Thailand is on track to welcome 36 million international visitors in 2024, according to the Kasikorn Research Centre (KResearch). This forecast is based on the robust performance in the early months of the year, which marked a notable 50% increase in foreign arrivals, totaling 6.4 million in January and February.

The Asian Development Bank (ADB) and BANPU Public Company Limited signed a 2.4 billion baht loan to support the financing of 1,500 six-seater electric tuktuks (e-tuktuks) and related charging stations for micro-scale transit services in Bangkok, Thailand. 

The Greater Mekong Subregion Flood and Drought Risk Management and Mitigation Project was approved by the Asian Development Bank (ADB) in December 2012 to support the Government of Cambodia in undertaking measures to prepare for and manage disaster risks linked to floods and droughts. Completed in February 2022, the project supported the rehabilitation of the Damnak Chheukrom Mega Irrigation System.

The GMs Energy Transition Task Force (ETTF) met in Siem Reap on 4-5 December 2023 to discuss updates and plans related to its work streams, including trends, opportunities and related initiatives in the region.

The meeting agreed on these next steps for 2024.

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