In the Greater Mekong Subregion (GMS) water resources form the basis of agrarian prosperity and economic development. However, increasing water demand due to population growth, rapid industrialisation and urbanisation, as well as a changing climate, are undermining those water resources.
Great strides were made in bringing power to the people by innovative policies, new technologies, and increased financing, but the region is unlikely to reach energy access targets by 2030. . Photo credit: ADB.
Despite welcome progress on universal access to electricity, the transition to renewable energy is faltering at a time when multiple shocks are hitting Asia and the Pacific hard.
ADB's investment will fund the working capital to expand Australis' operations at Van Phong Bay in central Viet Nam and support the development of a second regional production hub in southern Viet Nam.
The Asian Development Bank (ADB) and Australis Holdings, Inc. (Australis) signed a $15 million convertible note to promote climate-resilient, ocean-based barramundi and seaweed aquaculture in Viet Nam.
The Viet - Smart Tourist Card. Photo by Viet Nam Tourism website
The Greater Mekong Subregion (GMS) Economic Cooperation Program Strategic Framework 2030 (GMS-2030) emphasizes new possibilities opened by digitalization. At the recently held 51st GMS Tourism Working Group Meeting (TWG-51), GMS countries highlighted various digital initiatives they are implementing, which are helping boost their tourism markets and improve visitor management.
Photo by Shanice Garcia on Unsplash
Agriculture has been a double-edged sword for the Greater Mekong Sub-Region: while it provides an ample source of nutrition and business for GMS countries, it also places undue pressure on the environment.
View from Lotte Observation Deck in Hanoi. Photo by ADB.
International tourism is bouncing back rapidly in the Greater Mekong Subregion, with 2022 and early 2023 international tourism numbers exhibiting strong and steady recovery. Furthermore, domestic tourism has grown steadily in many GMS countries in 2022, and continues to be a tourism sector priority.
The High-Value Horticulture Development Project in Viet Nam scales up and transfers a successful high-value horticulture business model built on the introduction of climate-controlled greenhouse technology in tropical highlands in Asia. The business model will be replicated for vegetable production. Photo by ADB.
The 20th Annual Meeting of the Greater Mekong Subregion (GMS) Working Group on Agriculture (WGA) was held on 10–12 May 2023 in Siem Reap, Cambodia. The meeting underscored the need to enhance (i) subregional cooperation on green and climate resilient agri-food value chains, and (ii) green financing of small and medium agribusinesses. The meeting also confirmed four priority action points by the WGA, and discussed the planned new agriculture sector strategy.
Engineer R. Akkachat Chatthong checks the condition of the solar panel surface. Photo from the "Thailand: Provincial Solar Power Project" by ADB.
Greater Mekong Subregion countries will meet on 13-14 June 2023, Manila, Philippines, for the first GMS Energy Transition Task Force Meeting (ETTF).
The Greater Mekong Subregion (GMS) Secretariat, in cooperation with the Office of Public Private Partnership (OPPP) of the Asian Development Bank (ADB), organized a training on public private partnerships on 31 May 2023 under ADB's PPP Academy initiative.
ADB’s Multi-Donor Project Readiness Improvement Trust Fund (PRI Fund) helps Southeast Asia prepare and design infrastructure projects with climate-resilient features.
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