Second GMS Tourism Infrastructure for Inclusive Growth (Loan 3757)
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Details
Project |
49387-003 |
Related Projects |
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Type |
Loan |
Sector |
Industry and Trade |
Country |
Viet Nam |
Start |
2018 |
End |
2024 |
Status |
Ongoing |
Last Edited |
05 Jul 2021 |
Project Description
The project will help transform secondary towns in the Greater Mekong Subregion (GMS) eastern economic corridor into economically inclusive, competitive tourism destinations by improving transport infrastructure, urban sanitation, and capacity to sustainably manage tourism growth. It will boost trade in services by promoting cross-border tourism and deepen GMS and Association of Southeast Asian Nations (ASEAN) regional cooperation and integration. About 168,000 residents are expected to benefit from climate-resilient infrastructure development, improved urban greenspace, cleaner beaches, and better access to economic opportunities.
Progress
(as of March 2021)
Ongoing. ADB approved last 7 December 2018. Legal opinions for loan agreement and project agreements to meet conditions of loan effectiveness expected in Q3 2020. Some consultant recruitment started in Q3 2020.
News and Multimedia
Tourism is growing rapidly in Viet Nam, but most growth and corresponding socioeconomic benefits are concentrated in a few gateway destinations, says ADB Project Administration Unit Head for Viet Nam Mr. Steven Schipani.
Source: ADB Flickr
- Tourism competitiveness of secondary towns in Viet Nam increased.
- Urban-rural access infrastructure and urban environmental services improved.
- Capacity to implement ASEAN tourism standards strengthened.
- Institutional arrangements for tourism destination management and infrastructure operation and management strengthened.
- ADB Project to Help Boost Inclusive Tourism in Viet Nam-s Secondary Towns. https://www.adb.org/news/adb-project-help-boost-inclusive-tourism-viet-nam-s-secondary-towns