Vietnam Investment Construction and Trading Joint Stock Corporation (Constrexim) on May 30 began the construction of its five-star Indochina International Hotel in the tourism town of Sa Pa, Lao Cai northern province.
This is the first five-star hotel in Sa Pa, with investment capital of over 287 billion VND (13 million USD). It is also the first hotel built in line with environmentally-friendly standards.
Once completed, the hotel will cater for both domestic and foreign visitors with 156 well-equipped rooms, meeting facilities and swimming pools.
Besides this project, there are a number of property projects with investment capital amounting to hundreds of billions of VND running in Sa Pa district.
According to Lao Cai province's 2030 master plan, Sa Pa district will double its area to over 4,000 hectares. It will be an urban area with nine functional sections, including resorts and tourism centres.