A five-star hotel complex worth 70 million USD will be built in Laos’ capital city of Vientiane, significantly contributing to the fine diplomatic ties between Vietnam and Laos.
A contract to the project was signed in Vientiane on February 1 by the Vietnam’s Ministry of Public Security, Halong Investment and Development Company (BIM Group) and Laos’ Security Ministry (SM) and the Logistics Department under Lao SM.
Covering an area of 20,000 sq.m, the project will include a five-star hotel complex, trade and entertainment centres that meet international standards, and numerous departments for lease.
The construction of the project’s first phase is expected to be complete in 2013./.