ADB provides US$45 million for tourism development in VN

VGP � The Asian Development Bank (ADB) has approved a loan worth US$45 million for Viet Nam to transform grade-2 towns into more competitive tourism destinations and more inclusive economic development.

The Second Greater Mekong Subregion (GMS) Tourism Infrastructure for Inclusive Growth Project will construct climate-resilient transport and urban infrastructure to attract more tourist arrivals and tourism services investment in the province of Hoa Binh, Nghe An, Quang Binh, Quang Tri, and Thua Thien-Hue.

It also develops green urban spaces and public beaches in these provinces, which are expected to bring benefits for 168,000 people and more than eight million visitors per year.

To enhance more inclusive and sustainable growth, it is crucial for Viet Nam to increase investments from the State and private sector for grade-2 towns, said ADB Project Administration Unit Head for Viet Nam Steven Schipani.

The project will upgrade 31km rural-urban roads and 13 passenger piers to serve for passengers, which help people and visitors to easily get access to cultural and historical sites at participating provinces.

The project will rehabilitate a 5.5-km seawall and beachfront drainage, improve public recreation areas, and expand market space for local vendors in Cua Lo, Nghe An Porvince.

Cua Viet and Cua Tung in Quang Tri Province beaches will benefit from similar investments.

Through training courses, certification programs, and policy incentives, the project will also help ensure that tourism management in project areas meets standards set by the Association of Southeast Asian Nations.

The integrated project design has incorporates lessons from more than 15 years of ADB's support for inclusive and sustainable tourism in Viet Nam, including the ongoing 2014�2019 GMS Tourism Infrastructure for Inclusive Growth Project and the successfully completed GMS Sustainable Tourism Development Project and GMS Mekong Tourism Development Project.

Source: ONLINE NEWSPAPER OF THE GOVERNMENT OF THE SOCIALIST REPUBLIC OF VIET NAM