The Asian Development Bank (ADB) has approved a
$45 million loan to help Vietnam transform secondary towns into
more economically inclusive, competitive tourism destinations.
The Second Greater Mekong Subregion (GMS)
Tourism Infrastructure for Inclusive Growth Project will help to
construct some of the infrastructure needed to boost tourist arrivals
and related investments in Hoa Binh, Nghe An, Quang Binh,
Quang Tri, and Thua Thien Hue provinces. The project is expected
to benefit about 168,000 residents and more than 8 million
ďTourism is growing rapidly in Vietnam, but most
growth and corresponding socioeconomic benefits are concentrated
in a few gateway destinations. To promote more inclusive and
sustainable growth, itís important for Vietnam to increase public
and private investment in secondary towns,Ē said Mr. Steven Schipani,
ADB Project Administration Unit Head for Vietnam.
Specifically, the project will upgrade about 31
km of urban-rural roads and 13 passenger piers to
provide visitors and residents with improved access to cultural
and historic sites in all participating provinces.
To help Nghe
Anís Cua Lo town attract more visitors
year-round, for example, the project will
rehabilitate a 5.5-km seawall and beachfront drainage, improve
public recreation areas, and expand market space for local
vendors. Quang Triís Cua Viet and Cua Tung beaches will benefit
from similar investments.
Established in 1966, ADB is owned by 67 members,
48 of which are from
the region. In 2017, ADB operations totaled $32.2 billion,
including $11.9 billion in co-financing.