More Oil Discovered in Viet Nam’s Mekong Basin
Korean firm SK Innovation has found another oil field in the Cuu Long (Mekong) Basin in southern Viet Nam.
Korean firm SK Innovation has found another oil field in the Cuu Long (Mekong) Basin in southern Viet Nam.
Southeast Asia will sustain growth at close to 5% this year and next, according to a new Asian Development Bank report.
HA NOI, VIET NAM (03 April 2019) — Viet Nam’s economy experienced another year of strong growth in 2018, although a weaker external environment could affect the country’s growth outlook for this year and next.
The Government of Viet Nam and the Asian Development Bank (ADB) have signed in March a $188 million loan to improve 198 kilometers of roads in northwestern provinces.
An international seaport project in Southern Cambodia will serve as a gateway for direct ferry services to Viet Nam and later to other destinations in the Gulf of Thailand. The fast ferry services are expected to boost tourism in the Southern Coastal Subcorridor of the Greater Mekong Subregion.
Quang Tri province is gearing up to become a center for energy production in the north central coastal region of Viet Nam. It recently approved the development of four 30-megawatt wind power plants worth more than $200 million.
The Asian Development Bank has published economic statistics for analyzing cross-border production arrangements in Southeast Asian countries, including those in the Greater Mekong Subregion.