Hong Quang Co. of Vietnam has signed a 14-ha land concession agreement with authorities of Laos ’ Khammouane province to implement its 152 million USD project in the Thakhek Special Economic Zone, the Laos news agency KPL reported on March 14.

The agreement, with a 75-year term, was signed on March 11 at the Thakhek Specific Economic Zone Office, Khammouane province.

The investment project involves the building of a shopping centre, a five-star hotel, an entertainment complex, and a restaurant.

The company has presented over 360,000 USD to the Executive Board of Thakhek Special Economic Zone to compensate local people who are affected by the project.-VNA