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GMS Economic Corridors Forum Looks to Accelerate Development in Economic Corridors

GMS Economic Corridors Forum Looks to Accelerate Development in Economic Corridors

BANGKOK, THAILAND (28 October 2020) –The 11th The Greater Mekong Subregion (GMS) GMS Economic Corridors Forum was held today under the theme “Boosting Competitiveness, Connectivity, and Community in the GMS Economic Corridors through Focused and Integrated Spatial Development” with the Asian Development Bank (ADB), Secretariat to the GMS Economic Program. The Forum serves as a key platform that crystalizes thinking and experiences from all six member countries on spatial development with focus on successes and potential areas for developments in economic corridor connectivity, regional economic integration, and safe and sustainable community-building. The meeting yielded valuable discussions that helped pave the way for strengthening the GMS cooperation for the future.

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GMS Senior Officials’ Meeting Reviews COVID-19 Response Initiatives and Prepares for Upcoming Events

GMS Senior Officials’ Meeting Reviews COVID-19 Response Initiatives and Prepares for Upcoming Events

A GMS Senior Officials Meeting (SOM) was held on 11 September 2020 via web-based conferencing to review (i) proposed key GMS strategic planning documents and knowledge products, which includes GMS COVID-19 response initiatives and the new long-term strategy for the GMS program, and (ii) preparations for upcoming GMS events—the 11th Economic Corridors Forum (ECF-11), the 24th GMS Ministerial Conference (MC-24), and the 7th GMS Summit (Summit-7).  

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Myanmar Highlights Job Creation Potential of New Special Economic Zone

Myanmar Highlights Job Creation Potential of New Special Economic Zone

The Myanmar Government unveiled plans to develop a bigger and better connected special economic zone (SEZ) located in Mon State at a virtual Myanmar-Japan Investment Dialogue held on 29 July 2020. The strategically located SEZ will connect both the Indian Ocean and Pacific Ocean, and the Thilawa SEZ in Myanmar to Viet Nam’s Da Nang SEZ via the Greater Mekong Subregion’s East-West Economic Corridor. Plans for the new SEZ also include the construction of deep-sea port facilities. 

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Eight Priorities for Kickstarting Post-Pandemic Green and Resilient Recovery in the GMS

Eight Priorities for Kickstarting Post-Pandemic Green and Resilient Recovery in the GMS

The coronavirus disease (COVID-19) pandemic has disrupted people’s health and well-being, led to widespread job loss, and created extraordinary uncertainty with long-lasting effects. As with climate change, the pandemic has disproportionately affected the most vulnerable people across the globe, including those in the Greater Mekong Subregion (GMS).  

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Myanmar Approves Proposed ADB Loan for the Bago–Kyaikto Highway along GMS’ EWEC

Myanmar Approves Proposed ADB Loan for the Bago–Kyaikto Highway along GMS’ EWEC

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.

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ADB Highlights Support for GMS Transport and Economic Corridors in ASEAN Forum

ADB Highlights Support for GMS Transport and Economic Corridors in ASEAN Forum

The ASEAN Forum on Subregional Development discussed measures to link Mekong subregional cooperation programs with the ASEAN and other subregional groupings to achieve the common goal of narrowing development gaps and to build a stronger ASEAN community. The forum tackled solutions to promote coordination and connectivity among economic corridors in the region. Countries and involved parties were enjoined to work together on policies and mechanisms to address border gate issues.  

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ASEAN Economic Ministers Pledge to Boost Supply Chain Connectivity

ASEAN Economic Ministers Pledge to Boost Supply Chain Connectivity

The ASEAN Economic Ministers Meeting on 4 June adopted the Hanoi Plan of Action on Strengthening ASEAN Economic Cooperation and Supply Chain Connectivity in Response to the COVID-19 Pandemic. Through the action plan, economic ministers hope to counter the impact of the coronavirus disease (COVID-19) outbreak by promoting ASEAN markets for essential goods and strengthening economic cooperation among ASEAN countries.  

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Initiative Gathers Mekong Innovations Spurred by the COVID-19 Pandemic

Initiative Gathers Mekong Innovations Spurred by the COVID-19 Pandemic

An initiative by the Mekong Tourism Coordinating Office (MTCO), Destination Mekong, and the Mekong Institute (MI) taps individuals' help in crowdsourcing newly-spotted innovations on how the coronavirus disease (COVID-19) is being managed and/or overcome in the Greater Mekong Subregion (GMS). The GMS comprises Cambodia, Yunnan and Guangxi in the People’s Republic of China, Lao People’s Democratic Republic, Myanmar, Thailand, and Viet Nam.

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Viet Nam, People's Republic of China Push to Ease Cross-border Trade

Viet Nam, People's Republic of China Push to Ease Cross-border Trade

While tightened control by Viet Nam and the People’s Republic of China (PRC) in response to the COVID-19 epidemic may have slowed down customs procedures and trade, the two countries continue to work on easing import/export at the border through cooperation and discussions. 

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Cambodia, Viet Nam Working Together to Ensure Trade Continues

Cambodia, Viet Nam Working Together to Ensure Trade Continues

Cambodia and Viet Nam will continue to work together to ensure bilateral trade continues amidst border control measures implemented due to the COVID-19 pandemic. While the two countries have enforced stricter travel restrictions to tourists passing through their borders, Cambodia and Viet Nam remain open to the exchange of goods.  

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