Tag: Mekon region

Japan pledges $6 bln to Mekong nations as China prepares new bank

  (Reuters)  Japan said on Saturday (July 3) it would extend around $6 billion in development aid to Mekong region countries, as China prepares to launch a new institutional lender seen as encroaching on the regional clout of Tokyo and ally Washington. Cambodia, Laos, Myanmar, Thailand and Vietnam all have strong economic growth potential, and are promising destinations for Japanese exporters of railway systems, power plants and other infrastructure. Tokyo’s planned assistance of about 750 […]