The First Training Session of the Greater Mekong Subregion (GMS) Task Force on Trade and Investment (TFTI) was held in-person in Bangkok, Thailand, on 13–14 September 2023. The training, entitled ¨Integrative Trade: Touchpoints to International Commerce,¨ had the following objectives:
The COVID-19 pandemic created a crisis for communities around the world. In tourist hubs and border towns of Cambodia and Thailand, families were particularly hard hit, struggling to survive amid travel restrictions and economic downturns. To address this crisis, ADB tapped local-based civil society organization Mith Samlanh to implement a project which provided support and assistance to these communities.
The strategy development focal points of the Working Group on Health Cooperation in the Greater Mekong Subregion (GMS) met in Bangkok on 25-26 July 2023 to lay out the road map for the GMS Health Cooperation Strategy 2024-2030. The meeting also discussed new areas of interest and possible partnerships, the process for upcoming country consultations, and the organization of the 6th GMS Working Group on Health Cooperation meeting to be held in Beijing, People’s Republic of China in December 2023.
The rich natural environment of the Greater Mekong Subregion (GMS) has led to significant development to the economy and livelihoods, but the GMS countries, especially the Lower Mekong countries, are highly vulnerable to climate change and disasters.
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.
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