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Oct 20, 2016 / 13:34

Greater Mekong Sub-region economic links to be promoted

A string of summits aiming to further links among Greater Mekong Sub-region (GMS) countries will take place in Hanoi from October 24-26.

A forum of the Greater Mekong Sub-region
A forum of the Greater Mekong Sub-region
Speaking at the yesterday press conference in Hanoi to announce the events, Deputy Foreign Minister Dang Dinh Quy said the 8th Cambodia - Laos - Myanmar - Vietnam Summit (CLMV 8) will focus on opportunities and challenges for the economic development of the four countries and measures to boost their cooperation in improving competitiveness and promoting regional integration.

The 7th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy Summit (ACMECS 7) will discuss how to step up cooperation among ACMECS member countries for sustainable development and narrow development gap in the Mekong sub-region.

At the same time, the World Economic Forum on Mekong (WEF-Mekong) will convene three sessions, debating ways to mobilise financial resources for infrastructure development, expanding new industrialisation models, and removing trade barriers.

Vietnam has been active in joining the cooperation mechanisms, especially in supporting Cambodia, Laos and Myanmar in education, training, and human resources development, Quy said, adding that the country also devised many initiatives to enhance collaboration within CLMV and ACMECS .

The Deputy Minister said the events also aim to promote the establishment of economic corridors in the Mekong sub-region, including the North-South and East-West economic corridors and another in the south.

They will see the attendance of leaders of Vietnam, Cambodia, Laos, Myanmar and Thailand, as well as representatives from international organisations, WEF’s member businesses and major enterprises in countries sharing the Mekong River, and scholars.

Prime Minister Nguyen Xuan Phuc will chair ACMECS 7 and CLMV 8. The organisation board will operate a press centre in the National Convention Centre from October 23-16 to enable domestic and foreign reporters to cover the meetings, said Foreign Ministry Spokesman Le Hai Binh.

The six Mekong states already have a number of cooperation mechanisms, including the Greater Mekong Sub-region (GMS) - for infrastructure development – the Mekong River Commission (MRC) - for water utilisation management and the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) - for five countries but which excludes China. These mechanisms cover only specific issues and areas of cooperation, stressing the need to have a new cooperation mechanism which will cover all aspects of political security, economics and social affairs.