The People’s Republic of China Poverty Reduction and Regional Cooperation Fund

Over the past 17 years, the PRC Fund has supported 135 applications in ADB developing members and achieved good results, and will continue to promote common prosperity and shared development by supporting poverty reduction in Asia and the Pacific, regional cooperation and integration, and knowledge sharing through technical assistance and grants.

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ADB’s new partnership strategy for Viet Nam is anchored on the recognition that the country needs tailor-made solutions to best meet its development challenges. Photo by ADB. 

ADB Launches New Country Partnership Strategy for Viet Nam

The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Viet Nam covering the period 2023–2026. The strategy will help promote inclusive, green, and private sector-led development in Viet Nam and build a foundation for the country to achieve its goal of becoming upper middle-income by 2030.

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The Guangxi Li River Comprehensive Ecological Management and Demonstration Project will implement sustainable village preservation and low-carbon facilities. Photo by ADB.

ADB to Support Preservation of Guilin in PRC

 The Asian Development Bank (ADB) has approved a $140 million loan to improve the environmental and economic conditions in Guilin in the Guangxi Zhuang Autonomous Region of the People’s Republic of China.

“Rapid urbanization has become a threat to Guilin's natural resources and sustainable development,” said ADB Senior Transport Specialist for East Asia Nicolas Dei Castelli. “This project will include a number of innovative solutions with demonstration potential, including low-carbon mobility, inclusive sanitation, and institutional development.”

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Bavet Checkpoint: Moc Bai, Vietnam / Bavet, Cambodia on Route 1 to Phnom Penh. 2011 Gerhard Jörén/ADB.

GMS Member Countries Look Forward to Setting the ‘Early Harvest’ Implementation of the CBTA Back on Track

GMS member countries are looking forward to setting the ‘Early Harvest’ Implementation of the Cross-Border Transport Facilitation Agreement (CBTA) back on track. This was emphasized by the GMS countries at the Subregional Transport Forum (STF-25) of the GMS Program held on 14 June 2022. 

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The main road in Poipet, on the Thai border. The trip takes 2 hours to Siem Reap. Photo by Gerhard Jörén/ADB, 2011.

GMS Subregional Transport Forum Continues to Support the Improvement of Road Safety in the Subregion 

The recently-concluded Subregional Transport Forum (STF-25) of the GMS Program highlighted the importance of behavioral interventions and stakeholders’ involvement to the reduction of road crashes and fatalities in the subregion. STF has been providing assistance in improving road safety for GMS countries since 2011. 

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Photo by Kaikeo Saiyasane via Xinhua

PRC-Lao PDR Railway Launches Freight Transit Yard to Boost Transshipment of Goods to Thailand

A freight transit yard where cargo is transferred for transshipment has been put into operation by the People’s Republic of China (PRC) – Lao People’s Democratic Republic (Lao PDR) Railway on 1 July 2022 at the Vientiane South Station.  The freight yard promises to boost the PRC-Lao PDR railway’s logistics, improving the link between the railways of PRC-Lao PDR and Thailand.  

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Power lines from the 1070 MW Nam Theun 2 hydropower plant in Lao PDR. 95% of the power produced by the plant is exported to Thailand, and the rest are consumed locally. Photo by Ariel Javellana/ADB.

Lao PDR Ramps Up Electricity Exports to Viet Nam

The Government of the Lao People’s Democratic Republic is increasing its electricity exports generated from its hydropower projects to its neighbors in the Greater Mekong Subregion, including Viet Nam. Lao PDR and Viet Nam have signed MoUs targeting to export 8,148 MW from Lao PDR to Viet Nam by 2030. Lao PDR also signed contracts with Viet Nam Electricity (EVN) to implement 25 projects with a combined capacity of 2,180 megawatts.  

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