A shopkeeper shows off merchandise at a market in Yangon. Strong domestic demand will offset weaker export growth in Southeast Asia. Photo: ADB.
Southeast Asia will sustain growth at close to 5% this year and next, according to a new Asian Development Bank report.
PHNOM PENH, CAMBODIA (3 April 2019) — Following a very strong economic performance last year, Cambodia will likely see moderate, but still robust, growth, with the economy expected to expand about 7% this year and 6.8% next year.
HONG KONG, CHINA (3 April 2019) — Growth in the People’s Republic of China (PRC) is expected to moderate in the next two years as global growth slows and trade tensions with the United States weigh on trade and investment.
VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (3 April 2019) — Economic growth in the Lao People’s Democratic Republic is expected to remain stable this year and next, supported by the expanding agriculture, energy, industry, and services sectors.
YANGON, MYANMAR (3 April 2019) — Myanmar’s economic growth is expected to pick up in 2019 and 2020, thanks to higher foreign direct investment and positive responses to the government’s economic and policy reforms.
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 Lao People’s Democratic Republic has signed an agreement with Electricité du Cambodge to sell 200 megawatts of electricity to Cambodia until 2021.
A new bridge now links the border towns of Myawaddy in Myanmar and Mae Sot in Thailand.
Viet Nam's Finance Minister Dinh Tien Dung and Asian Development Bank's Country Director for Vietnam Eric Sidgwick sign the loan agreement in Ha Noi on 5 March 2019. Photo courtesy of ADB's Viet Nam Resident Mission.
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.
Thailand has adopted progressive policies that guarantee migrants’ access to many essential services regardless of legal status, including education and health care. However, barriers continue to hamper their use of these services in practice, says a United Nations report.
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
