Vietnam calls for new-generation economic corridor in Greater Mekong Sub-region

At the 8th Greater Mekong Sub-region (GMS) Cooperation Summit opened in Kunming, China's Yunnan province, on November 7, Prime Minister Pham Minh Chinh called for developing a new-generation economic corridor in the GMS, according to a report from the Government News.

This should be the corridor of technology and innovation that would connect different stakeholders and sectors, with a focus on assisting the member countries to fix deficiencies in regulatory framework and technological/innovation capabilities, the PM explained.

This should be a corridor of economic growth, the PM added, saying that GSM countries should expand investments in the fields of semiconductor, artificial intelligence, new materials and clean energy while creating digital platforms, expanding digital markets and improving digital skills for their businesses and workforces.

The GSM countries needs to substantively and effectively facilitate the movement of capital, goods and services within the region, the Vietnamese leader said.

It should also be a green, sustainable and inclusive corridor that harmonizes growth and environmental protection. Accordingly, GMS countries need to promote projects on environmental protection, natural disaster management, and climate change adaptation, he suggested.

The GMS countries should attach great importance to cooperation with the Mekong River Commission in trans-boundary water resource management, the PM added,  calling on the GMS member countries to stay united and work closely together to cope with common challenges.