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Greater Mekong Subregion
The Greater Mekong Subregion, (GMS) or just Greater Mekong, is a trans-national region of the Mekong River basin in Southeast Asia. The region is home to more than 300 million people. It came into being with the launch of a development program in 1992 by the Asian Development Bank that brought together the six Asian countries of Cambodia, China (specifically Yunnan and Guangxi), Laos, Myanmar, Thailand, and Vietnam.
The Greater Mekong Subregion holds irreplaceable natural and cultural riches and is considered one of the world's most significant biodiversity hotspots. The region is an important food provider and the site of many large-scale construction projects with social and economic implications.
For more than two decades, the six countries of the Greater Mekong Subregion have been working together under an economic cooperation program to realize their vision of a prosperous, integrated, and harmonious subregion.
The GMS Program has adopted a three-pronged strategy (the three Cs):
The GMS Program, with the support of development partners, helps identify and implement high-priority subregional projects in a wide range of sectors: agriculture, energy, environment, health and human resource development, information and communication technology, tourism, transport, transport and trade facilitation, and urban development. More than US$20 billion in investments have been directly channeled through the program.
Since 1998, the GMS program has been using economic corridors to promote economic growth and development. Economic corridors are investment areas, usually running along major highways, which connect centers of economic activity. Three main economic corridors are being developed in the Greater Mekong Subregion: the North-South Economic Corridor, the Southern Economic Corridor, and the East-West Economic Corridor.
In September 2017, the 22nd Ministerial Conference in Hanoi, Vietnam endorsed the medium-term pipeline of priority projects from 2018 to 2022. The rolling pipeline includes more than 200 investment and technical assistance projects, which will require more than US$80 billion in financing.
On 31 March 2018, the Sixth GMS Summit of Leaders in Hanoi adopted the Hanoi Action Plan and the Regional Investment Framework 2022.
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Greater Mekong Subregion
The Greater Mekong Subregion, (GMS) or just Greater Mekong, is a trans-national region of the Mekong River basin in Southeast Asia. The region is home to more than 300 million people. It came into being with the launch of a development program in 1992 by the Asian Development Bank that brought together the six Asian countries of Cambodia, China (specifically Yunnan and Guangxi), Laos, Myanmar, Thailand, and Vietnam.
The Greater Mekong Subregion holds irreplaceable natural and cultural riches and is considered one of the world's most significant biodiversity hotspots. The region is an important food provider and the site of many large-scale construction projects with social and economic implications.
For more than two decades, the six countries of the Greater Mekong Subregion have been working together under an economic cooperation program to realize their vision of a prosperous, integrated, and harmonious subregion.
The GMS Program has adopted a three-pronged strategy (the three Cs):
The GMS Program, with the support of development partners, helps identify and implement high-priority subregional projects in a wide range of sectors: agriculture, energy, environment, health and human resource development, information and communication technology, tourism, transport, transport and trade facilitation, and urban development. More than US$20 billion in investments have been directly channeled through the program.
Since 1998, the GMS program has been using economic corridors to promote economic growth and development. Economic corridors are investment areas, usually running along major highways, which connect centers of economic activity. Three main economic corridors are being developed in the Greater Mekong Subregion: the North-South Economic Corridor, the Southern Economic Corridor, and the East-West Economic Corridor.
In September 2017, the 22nd Ministerial Conference in Hanoi, Vietnam endorsed the medium-term pipeline of priority projects from 2018 to 2022. The rolling pipeline includes more than 200 investment and technical assistance projects, which will require more than US$80 billion in financing.
On 31 March 2018, the Sixth GMS Summit of Leaders in Hanoi adopted the Hanoi Action Plan and the Regional Investment Framework 2022.