ADB tourism infrastructure project to boost inclusive growth in Vietnam’s secondary towns

Friday, 16/08/2019 10:05
(CPV) - Following the signing of the overall USD45 million loan agreement with the Ministry of Finance, ADB and the Provincial People’s Committees (PPC) of Hoa Binh, Nghe An, Quang Binh, Quang Tri and Thua Thien-Hue signed on August 15th 2019 the specific project agreements for the Second GMS Tourism Infrastructure for Inclusive Growth Project.

Viet Nam transforms secondary towns into more competitive tourism destinations

The project aims to transform secondary towns along the GMS eastern corridor intoeconomically   inclusive,   competitive   tourism   destinations   by   improving   transport infrastructure, urban services, and capacity to sustainably manage tourism growth.

Photo: CPV

“In the past years, the Government has effectively used ADB’s support to improve infrastructure,   strengthen   environmental   management   in   tourism  destinations,   promote tourism-related enterprise development, and deepen regional tourism cooperation with GMS and ASEAN neighbors,” said Mr. Eric Sidgwick, ADB Country Director for Viet Nam. “As aresult, tourism   is thriving  in project areas, benefitting thousands  of residents and  locally owned businesses.”

The ADB has a long and successful track record supporting inclusive and sustainable tourism development in Viet Nam. This is the 4th consecutive tourism project since 2003; and 12   provinces   have   now   received   ADB   tourism-sector   assistance   with   cumulative   ADB financing totaling more than USD110 million.

The project will construct climate-resilient transport and urban infrastructure needed to boost tourist arrivals and tourist services investment in the provinces of Hoa Binh, NgheAn, Quang Binh, Quang Tri, and Thua Thien-Hue. It will also develop urban green spaces and public beaches in these provinces, and the project is expected to benefit about 168,000 residents and more than 8 million visitors annually.

PPC’ signatories include Mr. Nguyen Van Chuong, Vice Chairman of Hoa Binh PPC; Mr. Le Hong Vinh, Vice Chairman of Nghe An PPC; Mr. Tran Tien Dung, Vice Chairs Quang Binh PPC; Mr. Hoang Nam, Vice Chairman of Quang Tri PPC; and Mr. Nguyen Dung, ViceChairman of Thua Thien-Hue PPC./.

Khac Kien

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