Myanmar Accepts $66 Billion Investment in Mekong Region

Source : Myanmar Business Today
View Count : 986
Apr 12, 2018

Vice President U Henry Van Thio, who was in Hanoi, Viet Nam, attended the meeting between leaders of Greater Mekong Sub-region (GMS) countries and the Asia Development Bank (ADB), as well as the opening ceremony of GMS-6, held at the National Convention C.
        Greater Mekong sub-region countries have adopted a framework worth $66 million that will be implemented in five years. “Myanmar agrees with the framework and will actively take part in the framework.” U Henry Vanthio, Myanmar’s Vice President No.2, said at the Greater Mekong Sub-region Economic Cooperation summit held on March 31 in Vietnam.
        The summit of Greater Mekong sub-region countries, Thailand, Myanmar, Laos, China, Cambodia and Vietnam defied Hanoi Action Plan and the Regional Investment Framework.
        Myanmar's Vice President said that Myanmar believes it will be able to collect funds which will help implement the action plans of the 2022 framework. This includes 226 projects of investment and technical assistance in Myanmar which supports the new GMS Transportation Strategy of 2018-2030 among Greater Mekong sub-region countries.
        The framework will support the new Hanoi Action Plan (2018-2022) which will expand the economic corridor among the sub-region countries and connect urban and rural areas between 2018 and 2022.

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