VIENTIANE (VNS) — The Greater Mekong Subregion (GMS) has concluded its 19th ministerial meeting in Vientiane, Laos with the endorsement of the Regional Investment Framework, which includes projects worth some US$50-60 billion.
The two day event gathered representatives of Viet Nam, Laos, Cambodia, Myanmar, Thailand, and China. Deputy Minister of Investment and Planning Nguyen The Phong, who led the Vietnamese delegation, said the endorsement of the RIF is a significant milestone for regional cooperation in the 2012-2020 period. The deputy minister emphasized that Viet Nam is ready to co-operate with partners in the Mekong sub-region, including countries and private sector, working toward the goal and vision of GMS.
The investment includes more than 200 projects in various fields, worth up to $60 billion, of which the Asian Development Bank would contribute $2-3 billion.
The RIF is the strategic co-operation framework for the development of the greater Mekong sub-region. —VNS