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US$66 billlion to boost GMS economic co-operation

Update: March, 31/2018 - 14:48
President of the Asian Development Bank Takehiko Nakao gives a speech at the 6th GMS Summit in Hà Nội on March 31. — VNA/VNS Photo
Viet Nam News
HÀ NỘI  Sixty-six billion US dollars in 220 projects will be invested in the Greater Mekong Subregion to strengthen regional economic co-operation in the next five years, Prime Minister Nguyễn Xuân Phúc and President of the Asian Development Bank Takehiko Nakao told a press conference at the sixth Greater Mekong Subregion Summit (GMS-6) in Hà Nội on Saturday. 
 
The PM highlighted the success of the sixth summit with the participation of thousands of delegates, especially the sixth GMS Business Summit. These included this year’s host Việt Nam’s initiative to hold the GMS Business Forum, the first of its kind, which attracted thousands of companies from the region. 
 
PM Phúc said Việt Nam continued supporting regional co-operation and integration by implementing even more transport infrastructure and information technology projects. He stressed that the country would focus on sustainable development, making sure its economic development goes hand-in-hand with environmental protection and economic development efforts leave no one behind.
 
Among the targets are closing the gap between different regions of the country, providing the people with basic amenities such as roads, water and electricity and pushing on human resource development font. 
 
President of the Asian Development Bank Takehiko Nakao pledged the bank's support for the region’s future development, especially in building its infrastructure network. 
 
Takehiko said ADB placed great importance on renewable energy as well as other forms of green energy including hydropower. ADB would provide support for the private sector in developing environmental-friendly technologies such as smart grids and green transport as well as in urban development issues such as clean water and waste treatment. 
 
Earlier during the plenary session, delegates from the GMS countries saw the formal endorsement of the Hà Nội Action Plan 2012-2018, the Regional Investment Framework 2022 and the Sixth GMS Summit Joint Declaration.  VNS
 

 

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