GMS Economic Corridors Forum opens in Cambodia
The second Greater Mekong sub-Region
(GMS) Economic Corridor Forum opened in Cambodia’s capital city of
Phnom Penh on September 16.
The second Greater Mekong sub-Region
(GMS) Economic Corridor Forum opened in Cambodia’s capital city of
Phnom Penh on September 16, aiming to strengthen cooperation among the
six countries along the Mekong River.
The Vietnamese delegation to the forum was led by permanent Vice Minister of Planning and Investment Truong Van Doan.
The two-day forum focuses on an Asian Development Bank-funded project to develop cities in the GMS.
Speaking at the forum, ADB representative Arjun Goswami said that the project is expected to turn the major sub-regional transport corridors into economic corridors.
To reach the target, the ADB will fund GMS member countries to help them fully tap socio-economic benefits due to the enhancement of trade and the development of the transport system.
The ADB representative added that a boost in efficient economic activities in GMS cities will create a foundation for stable and prosperous development in the region with a quick pace of urbanisation.
As scheduled, the ADB will provide a loan package of 104 million USD to three countries--Vietnam, Laos and Cambodia--of which, 52 million USD will be pumped into Vietnam and 26 million USD each will be injected into Laos and Cambodia.
The funding will be used to develop the Southern Economic Corridor (SEC) and East-West Economic Corridor (EWEC) in the three countries.
Some provinces in each country will particularly benefit from the funding, including, in Vietnam, Lao Bao and Dong Ha townships in the central province of Quang Tri and Moc Bai township in the south-western province of Tay Ninh.
ADB is expected to give top priority to developing agriculture, industry, tourism and infrastructure in the beneficiary localities./.
The Vietnamese delegation to the forum was led by permanent Vice Minister of Planning and Investment Truong Van Doan.
The two-day forum focuses on an Asian Development Bank-funded project to develop cities in the GMS.
Speaking at the forum, ADB representative Arjun Goswami said that the project is expected to turn the major sub-regional transport corridors into economic corridors.
To reach the target, the ADB will fund GMS member countries to help them fully tap socio-economic benefits due to the enhancement of trade and the development of the transport system.
The ADB representative added that a boost in efficient economic activities in GMS cities will create a foundation for stable and prosperous development in the region with a quick pace of urbanisation.
As scheduled, the ADB will provide a loan package of 104 million USD to three countries--Vietnam, Laos and Cambodia--of which, 52 million USD will be pumped into Vietnam and 26 million USD each will be injected into Laos and Cambodia.
The funding will be used to develop the Southern Economic Corridor (SEC) and East-West Economic Corridor (EWEC) in the three countries.
Some provinces in each country will particularly benefit from the funding, including, in Vietnam, Lao Bao and Dong Ha townships in the central province of Quang Tri and Moc Bai township in the south-western province of Tay Ninh.
ADB is expected to give top priority to developing agriculture, industry, tourism and infrastructure in the beneficiary localities./.
You should also see
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
See more
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
World
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
World
Danger warning issued for Thailand’s Bangkok as extreme heat bites
Thai authorities on April 24 issued an extreme heat warning for Bangkok, urging people to stay indoors for their safety as temperatures soared.
World
Schools in Philippines go online amid extreme heat
Record heat in the Philippines in April has forced schools to send children home for online classes.
