GMS Contents

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.

GMS Officials Discuss Priorities for Climate-smart Agri-food Value Chains and Green Financing

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.

Photo via Vientiane Times

5th Lao-Thai Friendship Bridge Construction Reaches 72% Completion

Construction work on the 5th Lao-Thai Friendship Bridge has surpassed 72% completion, and is expected to be completely finished by the end of 2024. The bridge will connect Paksan, Bolikhamsai Province (Lao PDR) to Bueng Kan Province (Thailand) across the Mekong River. The bridge is set to further boost connectivity in the GMS.

The Kim Thanh International Border Gate between Lao Cai (Viet Nam) and Yunnan Province (PRC) plays a vital role in the GMS northern corridor. Photo by ADB.

AEIR 2023 Highlights Deepening Integration, Continued Economic Growth in the GMS

The Asian Economic Integration Report 2023 highlights the continued growth of integration in subregional initiatives and programs in Southeast Asia, including both in the GMS and the ASEAN, from 2006 to 2020.

This project delivers a high-impact and sustainable transport solution for Viet Nam while helping it meets climate goals and continue to support climate finance in the region. Photo:Vinfast

ADB Leads $135 Million Climate Financing Package to Support Electric Mobility in Viet Nam

The Asian Development Bank (ADB) mobilized a $135 million financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Viet Nam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network. The assistance will support Viet Nam’s efforts to achieve net-zero greenhouse gas emissions and expand high-tech manufacturing industries.

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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