The groundbreaking ceremony to begin construction the Sapa Indochina International Hotel.

_{Dong Duong International Commercial Investment joint stock company has just arranged the groundbreaking ceremony to begin construction of the Sapa Indochina International Hotel in Sapa town, Sapa district, Lao Cai province of Viet Nam on 23rd February 2010.}

_{The invested capital of the project is 162 billions VND. The hotel is located at the area of 7,925m2 with 88 rooms which meet four star (4 ****) hotel standards.}

_{The hotel’s architecture will be imitated of French architecture with the high – grade and original building materials but suitable for the common architecture of Sapa town, this hotel is a focus of supplying high standard hotels at Sapa in particular and Lao Cai in general.}

_{Mr Nguyen Van Vinh – vice president of Lao Cai province, Mr Hau A Lenh – president of Sapa District and the leaders of the departments of Lao Cai province participated in the groundbreaking ceremony. In the jubilant and heartening atmosphere in the ceremony, Mr Nguyen Van Vinh expressed and overvalued the exert Dong Duong International Commercical Investment J.S.C’s and especially expressed his pleasure when Sa Pa town will soon has the luxury hotel to satisfy the constantly increasing demand of hotel service in Sapa district.}

_{At this ceremony, Mr Nguyen Van Hai – Vice director of Bank for Investment and Development of Vietnam (BIDV) and Dong Duong International Commercial Investment J.S.C have signed the Mutual Agreement for the strategic cooperation. In Mr Hai’s opinion, Dong Duong International Commercial Investment J.S.C is one of the important and realiable partners of BIDV.}

_{In the end of ceremony, Mr Bui Quoc Hoan – President of Dong Duong International Commercial Investment J.S.C thank the guests of honour, the delegates and undertook to endeavour to finish construction of the project soonest.}