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.

Viet Nam, ADB Sign $188M Loan to Upgrade Roads in Northwest Region

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.

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Meeting plenary at the 23rd GMS Ministerial Conference held on 18 November 2019 in Phnom Penh, Cambodia. Photo by Asian Development Bank.  

GMS Ministers Launch 5-year Regional Health Cooperation Strategy

Ministers of the six Greater Mekong Subregion (GMS) countries launched the GMS Health Cooperation Strategy 2019–2023, which provides a framework to guide GMS countries in collectively tackling health issues impacting the subregion through regional cooperation at the 23rd GMS Ministerial Conference (MC-23) held on 18 November 2019 in Phnom Penh, Cambodia.

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The new MRT lines will help provide a wider choice of affordable and efficient public transport for Bangkok’s rapidly growing population. Photo: ADB.

ADB Private Sector Financing Supports Two New Bangkok Metro Lines

BANGKOK, THAILAND (4 June 2019) — The Asian Development Bank signed an agreement with a financing package of 9.9 billion Thai baht ($311 million equivalent) for the construction and operation of the Pink and Yellow lines of Bangkok’s mass rapid transit system.

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Heads of GMS country delegations participate in the 23rd GMS Ministerial Conference. Standing from left are Mr. Vu Dai Thang, Deputy Minister, Ministry of Planning and Investment, Viet Nam; Mr. Aung Htoo, Deputy Minister, Ministry of Commerce, Myanmar; Ms. Cheng Lihua, Vice Minister, Ministry of Finance, PRC; Mr. Sok Chenda Sophea, Minister attached to the Prime Minister, Minister in charge of GMS Cooperation Program/GMS Minister, Secretary General, Council for the Development of Cambodia; Mr. Viengsavath Siphandone, Deputy Minister, Ministry of Public Works and Transport, Lao PDR; Mr. Thaworn Senneam, Deputy Minister, Ministry of Transport, Thailand; and Mr. Ahmed M. Saeed, Vice President for ADB Operations in the Southeast Asia Department, the East Asia Department, and the Pacific Department. Photo by ADB.

23rd Ministerial Conference of the Greater Mekong Subregion Economic Cooperation Program

The Royal Government of Cambodia and the Asian Development Bank (ADB) organized the 23rd GMS Ministerial Conference on 17-18 November 2019 in Phnom Penh, Cambodia, with the theme “Greater Integration, Inclusivity and Sustainability in the GMS.”  The meeting brought together GMS Ministers and Senior Officials of the six GMS countries—Cambodia, the People’s Republic of China (PRC), Lao People’s Democratic

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ADB, Ascent Capital's Equity Investment Deal to Provide Growth Capital to Private Enterprises in Myanmar

NAY PYI TAW, MYANMAR (2 January 2019) — The Asian Development Bank signed an agreement on 21 December 2018 to provide a $10 million equity investment to Ascent Myanmar Growth Fund I LP, a Myanmar-focused private equity fund, to provide much-needed capital investment for the growth and expansion of small and medium-sized enterprises operating in the Southeast Asian country.

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