Publisher: ADB

This report documents tourism sector investment priorities of ADB and the governments of Cambodia, the Lao People’s Democratic Republic, Myanmar, and Viet Nam.

The assessment highlights sector performance, priority development constraints, government plans and strategies, past ADB support and experience, and other development partner support. It provides sector background information for ADB's investment and technical assistance operations and will be updated as strategic developments and program changes are needed.

The national tourism sector strategies of Cambodia, the Lao People’s Democratic Republic, Myanmar, and Viet Nam (CLMV) focus on infrastructure and service quality improvements to increase tourism expenditure, maximize income and employment generation from tourism and linked industries, and reduce the negative social and environmental impacts of tourism. Priority projects to improve public infrastructure require the most resources, followed by human resource development, negative impact management, marketing and promotion, and travel facilitation.

ADB provided $167.24 million in concessional loans, grants, and technical assistance to support tourism-related public infrastructure and capacity building in CLMV from 2003 to 2014.  ADB’s tourism support program has consistently aligned with sustainable economic growth objectives and core areas of intervention for inclusive social development. ADB’s involvement in the tourism sector will continue, given its successful experience in financing multisector projects with regional public-good characteristics and substantial positive development impacts.

Source: ADB

Illustration Photo: The Kuang Si Falls is a three tier waterfall about 29 kilometres south of Luang Prabang, Laos. (Public Domain from Pixabay.com)

Comments

No comments to display.

Adalidda, Online Community dedicated to International Development, Innovation and Sustainability
Email: info@adalidda.com  Skype: adalidda  WhatsApp/Telegram: +85577778919
 Adalidda is published by Smart International Consulting, an international consulting firm specialized in the management of foreign direct investment in the Southeast Asia and West Africa.

Website version 3.4.2 Copyright 2017-2016 Adalidda/Smart International Consulting