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ADB providing $20mil to VN, Laos to develop tourism |
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Written by Vietravel247
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Tuesday, 21 October 2008 |
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The
Asian Development Bank (ADB) said Thursday it will provide a US$10
million loan to Vietnam and a US$10 million grant to Laos to support
the development of tourism. The two sums will cover most of the cost of
$21.98 million for a tourism development project, the bank said in an
announcement. Vietnam will contribute $1.11 million and Laos $870,000
to complete the funding requirement.
The project will help
create more jobs for the poor while protecting the environment, ethnic
groups, and minorities, according to ADB. The project will benefit nine
provinces in Laos and five provinces in Vietnam, which have been
selected for their high tourism potential and poverty rates.
The
project will support the construction of handicraft markets, viewing
points, small access roads, walking trails, information and visitation
centers, parking areas, small river piers, community lodges, and
sanitary facilities, according to ADB.
It will also promote
strong partnerships among local governments and communities and the
private sector in developing, operating, and maintaining community
tourism facilities.
The project areas form part of the priority
zone under the Greater Mekong Sub-region Tourism Sector Strategy
2006-2015. The sub-region is composed of countries sharing the Mekong
River – Cambodia, China, Laos, Myanmar, Thailand and Vietnam.
Vietnam
welcomed about 3.3 million foreign arrivals between January and
September, up almost 6% on the same period of last year. This number
includes some 2 million mere tourists, up 4.3%.
(Source: SGGP)
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