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Apr 22, 2014 / 10:36

Setting course for Development Triangle Area

A forum held on April 21 in Buon Ma Thuat, Central Highlands Dak Lak Province set the course for the Development Triangle Area of Cambodia, Laos, and Viet Nam (CLV).

Speaking at the forum, Vietnamese Minister of Planning and Investment Bui Quang Vinh said the cooperation among the regional countries will boost up the implementation of programs and projects proposed by their leaders at the 7th summit of the CLV Development Triangle.
The fact is that people, development partners and private businesses know little about CLV cooperation compared with other cooperation initiatives such as ASEAN or the Greater Mekong Sub-region (GMS), said Vinh, adding  it is essential to raise public awareness of the region’s potential, opportunities and challenges.

 


 
They will have more chances to share information on potentials of the regional development and mobilize the Official Development Assistance (ODA) for investment in this area, he added. Tomoyuki Kimura, Asian Development Bank (ADB) Country Director for Vietnam, suggested the Development Triangle Area outline an overall vision for developing the region in a comprehensive and sustainable manner.
Addressing the event, Vietnamese Deputy Prime Minister Nguyen Xuan Phuc highlighted the region’s underdevelopment, poor infrastructure, low living standards, and limited resources as the major obstacles to its development. He stressed on difficulties and challenges in the region’s development process such as poor infrastructure, low trade turnover and a lack in high-quality human resources.
The Deputy PM reminded the CLV localities to pay more attention to agricultural development, poverty reduction and human resource training. He directed the Vietnamese localities to improve infrastructure, accelerate agriculture in accordance with poverty reduction, promote the development of border economic gates and markets, protect the environment, increase the competitiveness and push up the administrative reforms as well as prevent crimes in this area.