Laos has recently licensed Chinese- owned Mittaphab Company to construct a market and a hotel in southern Savannakhet province, which are expected to help draw more tourists from neighbor countries.
The company will start construction of the market first, in a three-year period, then the hotel near the market with total investment of 47 billion Lao kip (nearly 5 million U.S. dollars), according to sources from Laos on Thursday.
The location of the two future buildings is near a junction on road no. 9, a transit point to southern Lao provinces, Laos' capital city, Thailand and Vietnam. The future market is expected to attract more local traders who offer products mainly from Laos, Vietnam and China.
Source: Xinhua
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