Ciputra's hotel in Vietnam

Ciputra's hotel in Vietnam

JAKARTA (JP): The Ciputra Group, one of Indonesia's largest property developers, is currently developing a five-star hotel and shopping mall in Vietnam with a total investment of US$40 million.

Ciputra, chairman of the group, told reporters in Semarang on Monday that the new facilities are slated to be completed in 1998 but he declined to give further details.

The Ciputra Group is also developing a five-star hotel and a shopping center in Semarang which are scheduled to open later this year, according to the Antara news agency.

The hotel, designed to be a 205-room property, will be named Citraland, the same name used by the group for its hotel in Jakarta. (vin)