Details

Funding

Project Description

The project supports the Cambodia -Lao PDR- Viet Nam Development Triangle Area objectives of (i) facilitating the flow of goods, people, and investment capital; and (ii) accelerating economic growth within the five Viet Nam Development Triangle Area (VDTA) provinces of Binh Phuoc, Dak Lak, Dak Nong, Gia Lai and Kon Tum. The VDTA is characterized by a high concentration of ethnic minorities, low gross domestic product, and areas of persistent poverty. The key impediments to more inclusive growth are insufficient transport and other basic infrastructure, as well as limited institutional capacity. To improve the efficiency of public investment and maximize the benefits of economies of scale and synergies with ongoing or planned projects, the Government of Viet Nam is advocating an integrated area approach under which neighboring localities will work towards common development goals, gaining economies of scale, and jointly enhanced competitiveness. This approach characterizes the design philosophy of the project, which will address the key impediments to inclusive growth.

Progress (as of March 2021)

Ongoing. Due to delayed allocation of ODA budget by central government, contract awards of civil works packages will be delayed by nearly 2 years, i.e. the first contract award is expected only in Q4 2020.

Contacts

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