Second Greater Mekong Subregion Tourism Infrastructure for Inclusive Growth Project: Viet Nam (ADB-49387-003)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 7, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Vietnam Government
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 45.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 45.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 30, 2019

Disclosed by Bank Nov 5, 2018


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Project Description

According to ADB website, 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.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Executing Agencies: 

Hoa Binh Provincial People's Committee
No. 8, An Duong Vuong Road, Phuong Lam Ward, Hoa Binh City

Provincial People's Committee Thua Thien Hue
14 Le Loi Street, Hue City, Thua Thien, Hue

Provincial People's Committee of Nghe An Province
Nghe An, Viet Nam

Provincial People's Committee of Quang Binh Province
50 Ly Thuong Kiet, Dong Hoi, Quang Binh

Provincial People's Committee of Quang Tri Province
45 Hung Vuong, Dong Ha Town, Quang Tri

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main