Indonesian Political, Business & Finance News

French hotel in Vietnam

| Source: AFP

French hotel in Vietnam

HANOI (AFP): French firms Feal International and Accor have
begun work on a four-star hotel in the northern port city of
Haiphong, a Feal official said Saturday.

It is a US$23-million joint venture with Phong Lan Co. of
Haiphong, and work on the six-story Grand Hotel should be
completed by 1997, she said.

One of the main obstacles to tourism in Vietnam is the
critical shortage of high-standard hotel rooms. There are only
five three-to-five star hotels in the entire country.

View JSON | Print