At the forum, head delegates and Ambassadors of the EWEC member countries and Japan to Vietnam, leaders of China’s Yunnan and Guangxi provinces, Vietnamese Government officials and business managers, as well as international donors discussed the potential challenges the EWEC member countries are facing.
Speaking at the opening ceremony, Deputy Prime Minister and Foreign Minister Pham Gia Khiem affirmed that the forum will provide a good opportunity for the four EWEC member countries of Vietnam, Laos, Thailand and Myanmar to boost cooperation in the fields of economics, trade and investment.
The Deputy PM asked participants to focus their discussions on future cooperation with other members of the Greater Sub-Mekong Region (GMS). He said after the corridor of 1,450-km transport linkage is completed, these countries should have effective measures and appropriate policies to create favourable conditions for the corridor to develop.
Mr Khiem also expressed his belief that with the most dynamic development of Thailand in the EWEC, close cooperation among the 10 ASEAN member countries and Vietnamese efforts in reducing poverty, the economic corridor will continue to grow and flourish.
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Central provinces have announced a list of nearly 400 projects calling for a total investment of approximately US$7 billion. 35 major projects out of key national projects will be carried out in the central region with a total investment of more than US$9 billion in boosting infrastructure construction, industrial production and service development. |
Leaders of the Ministry of Planning and Investment elaborated on the sub-regional potential for economic and tourism cooperation in the EWEC, as well as mechanisms and policies for facilitating investment, trade and tourism cooperation among EWEC member countries. Representatives from the Asian Development Bank (ADB) and the Japan Bank for International Cooperation (JBIC) introduced plans for development of the EWEC in the framework of the GMS’s master plan and pledged their financial support for EWEC projects in the future.
On the occasion, Chairman of the Da Nang City People’s Committee Tran Van Minh granted Vina Capital Group a license to invest in the building of Capital Square urban area with a total investment capitalisation of US$325 million and approved a project funded by the Republic of Korea’s Kreves company to build trade and residential areas at a cost of US$200 million.
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