(VNA) – Real estate investors are to invest further in Sapa after city’s  planning project till 2013 was approved by the Government.

Truong Giang group will invest 1.2 trillion VND in Mercure Sapa Resort&Spa project. Under the project, a 47 hectare complex of street houses, commercial centers, resorts and hotels will be built. Many other projects in the town have been approved including Ta Phin ecotourism complex site, and Sapa Indochina International hotel project. Those projects are listed as the top priorities for investment by the local authorities. Sapa is a potential tourism market. Each year, the town welcomes more than 800,000 domestic and international visitors.