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Hong Quang Company invests in Laos province

Update: March, 16/2013 - 10:04
HA NOI (VNS)— Vietnamese firm Hong Quang Co has reached an agreement with the Lao province of Khammouane to pour US$152 million in a project in the Thakhek Special Economic Zone.

The agreement, with a 75-year term, was signed on March 11 in Khammouane province, the Laos news agency KPL reported on Thursday.

The investment project, covering 14 hectares, involves the building of a shopping mall, five-star hotel, entertainment complex and restaurants. The company has provided over $360,000 to the Executive Board of Thakhek Special Economic Zone to compensate local people who are affected by the project.-VNS



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