Over US$55 million for tourism development in GMS
(VOV) -The Prime Minister has approved a US$55.08 million tourism development project to promote comprehensive economic growth for the Greater Mekong Sub-region (GMS).
The capital, sourced from the Asian Development Bank (ADB), will be used to upgrade the tourism infrastructure and tourism centres along the Vietnam, Laos and Cambodia border.
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In Vietnam, the project will help develop tourism infrastructure, protect natural and cultural heritage, and support the tourism sector of five provinces in exploiting their unique tourism products to attract foreign tourists.
It will be carried out from 2014 to 2019, including upgrading infrastructure and roads leading to tourism sites and cultural exchange and tourism information centres (first phase); improving environmental sanitation at border tourism sites (second phase); enhancing institutional capacity to promote and manage comprehensive tourism growth (third phase); and implementing and managing the project effectively (fourth phase).
The Prime Minister authorised the State Bank of Vietnam to prepare necessary procedures to negotiate with ADB on the project in early April.