Kuang Si Waterfalls, Luang Prabang, Lao PDR. Photo by Sacha Fernandez via Flickr (CC BY-NC-ND 2.0)
The Ministry of Information, Culture and Tourism (MICT) of the Lao People’s Democratic Republic (Lao PDR) has endorsed a planned strategy for the revival of the tourism industry, shared Mr. Savankhone Razmountry, Deputy Minister, MICT, at a news conference of the National Operation Centre for COVID-19 in Vientiane on 9 May.
An aerial rendering of the SDZ. Photo by the Yunnan Provincial Overseas Investment Co. Ltd.
The Vientiane Saysettha Development Zone (SDZ) is being developed into a low-carbon demonstration model by the Lao-China Joint Venture Investment Co., Ltd. (LCJV). Low carbon demonstration zones hope to address climate change and green and low-carbon transition, and boost regional cooperation with the PRC.
An additional $2 million grant funding from the Climate Investment Fund–Technical Assistance Facility (CIF–TAF) was approved on 17 October 2021 by ADB. This grant will support green and resilient COVID-19 recovery in the GMS, covering Cambodia, Lao PDR, Thailand, and Viet Nam, through the CCESP TA. With this funding, the Climate Change and Environmental Sustainability Program (CCESP) will provide policy support, build institutional and technical capacities, and demonstrate innovative options to build back cleaner, greener, and more climate-resilient economies.
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
