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 Government of Thailand eyes an investment target of THB 500 billion (around $13.7 billion) for its Eastern Economic Corridor (EEC) over the next five years, focusing on industries such as electric vehicle development, medical services, biotechnology infrastructure, and digital industries.
The Da Nang People’s Committee approved a project to develop the city’s logistics services and become a logistics center by 2030 for the central key economic region (KER) and the East-West Economic Corridor (EWEC). The city also aims to become the key gateway to the EWEC and an important transport corridor link in Asia-Pacific by 2050.
The Governments of Lao People’s Democratic Republic and Viet Nam inaugurated the Dakta Ok (Se Kong, Lao PDR) – Nam Giang (Quang Nam, Viet Nam) border gates on 14 August 2021, which were upgraded to international status this year. This new international cross-border point is expected to further boost bilateral trade, investment, and tourism, and promote opportunities for cooperation between Viet Nam’s central key economic zone and Lao PDR’s south-central region, as well as Thailand’s southeast region.
Cambodia Prime Minister Hun Sen signed a sub-decree to upgrade the Preah Sihanouk province (“Sihanoukville”) to a multi-purpose special economic zone (SEZ) on 9 June. This decision aims to increase its economic potential to investors.
Chu Lai Port serves the needs of import and export goods for businesses in Viet Nam's Central region. Photo by THACO, THILOGI's logistics company.
Chu Lai Port aims to become a major international freight forwarding hub for import and export of goods in Viet Nam’s central and Central Highlands regions. The Trường Hải International Logistics Limited Liability Company, operator of Chu Lai Port, has expanded the port's scale and upgraded its entire service chain to achieve this target. The port has linkages to coastal roads, highways, and large industrial clusters and offers accessibility to the East-West economic corridor.
On the road from Ho Chi Minh, Viet Nam to Phnom Penh, Cambodia. Photo by Clay Gilliland/ Flickr (CC BY-SA 2.0)
A $97.9 million upgrade for Viet Nam’s National Highway 62 has been proposed to Viet Nam's Ministry of Transport. The renovation work will include road repairs and road widening of specific portions from nine to eleven meters to reduce the travel time from Ho Chi Minh City, Viet Nam, to Cambodia. The project is proposed to start in 2021 with scheduled completion by 2023.
The highway connects Vietnam’s highways No.1, N2 and the HCMC-Trung Luong-My Thuan Expressway. All three are major routes run from HCMC on through the Mekong Delta.
The 9th ACMECS Summit Declaration emphasized post-pandemic socio-economic recovery and preparation for future crises. Photo by OCM.
Leaders of Cambodia, Lao PDR, Myanmar, Thailand, and Viet Nam adopted the Phnom Penh declaration at the 9th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit held on 9 December. The declaration emphasizes post-pandemic socio-economic recovery and preparation for future crises and challenges through public health cooperation and enhanced supply chains. ACMECS leaders stressed the importance of vaccine multilateralism to ensure equitable and safe access to coronavirus disease (COVID-19) vaccines.
The Bago-Kyaikto expressway will link to the Yangon-Mandalay highway (in picture). Photo by ALwinDigital (CC BY-NC-ND 2.0).
The Asian Development Bank (ADB) has approved a $483.8 million loan to build a 64-kilometer (km) expressway connecting the capital of Bago region and the township of Kyaikto in Mon state in Myanmar and support economic development along the Greater Mekong Subregion (GMS) East–West Economic Corridor.
The Bago-Kyaikto expressway will link to the Yangon-Mandalay highway (in picture). Photo by ALwinDigital (CC BY-NC-ND 2.0).
Myanmar’s Union Parliament approved a proposed loan from the Asian Development Bank (ADB) worth around $483.8 million to finance construction of the Bago–Kyaikto highway. The Bago–Kyaikto highway lies along the Greater Mekong Subregion (GMS) East–West Economic Corridor (EWEC), which links Myanmar to Thailand, Lao People’s Democratic Republic, and Viet Nam, and Myanmar’s Thilawa Port in Yangon to Viet Nam’s Danang Port.
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