The Greater Mekong Subregion (GMS) is a natural economic area bound together by the Mekong River, covering 2.6 million square kilometers and a combined population of around 326 million. Alongside the Asian Development bank, the six nations in the GMS (Cambodia, Laos, Myanmar, China, Thailand, and Vietnam) have committed to strategically develop the region. Their vision is to see an integrated, harmonious, and prosperous subregion through enhanced connectivity, increased competitiveness, and a greater sense of community.
This is primarily being outworked through: infrastructure development of transport routes and telecommunication for cross-border trade and tourism; the development and regional utilization of abundant natural resources, such as energy and agriculture; economic integration and cross-border cooperation, outworked through a single passport and currency for the region, regional investment, and labor mobility.
Increasingly, modernization and industrialization are emerging from a process of transition and transformation. The Mekong countries are shifting from subsistence farming to more diversified economies, and to more open, market-based systems. The rich human and natural resource endowments of the Mekong region have made it a new frontier of Asian economic growth.
Stung Treng is centrally located in the focus area for development – the economic corridor linking Cambodia and its neighbors – Thailand, Laos and Vietnam. In the following years it is set to become an important transport, communications and tourism hub.
For the people of Stung Treng, the opportunities resulting from these changes will be accompanied by risks. Without intervention, increased economic activity could result
in escalating exploitation, resource depletion, families forcibly relocated from their land due to development, and increased drug and sex trafficking. AOC is well placed to support the local people as they experience these unprecedented changes. AOC will be able to provide livelihood directed programs to equip Cambodians with the tools for sustainable community transformation.
For more detailed information about the GMS development initiative,
visit the ADB website – click here.