Problem identification
The development of a complex featuring outdoor swimming pools and restaurants at the National Economic University is essential for enhancing students' physical education opportunities while also boosting revenue and the university's reputation This initiative will significantly reduce the financial burden of renting external swimming facilities Additionally, the integrated restaurant will serve as an attractive venue for university events, offering guests a chance to enjoy stunning views and exquisite dining experiences.
Alternative project 1: National 4 seasons swimming pool
- Type: 4-season swimming pool, covered indoor pool.
+ The project includes 2 types of swimming pools.
1 Basic tank: Stratify the depth from 1m2 to 1m8 Suitable for children as well.
2 Standard tank: maximum depth 1m8 Suitable for teaching and practicing for students including 10 swimming lanes with a wide width each lane is 2.5m
+ Clean water source, swimming pool is cleaned twice a day.
+ Sale and rental of life jackets, life jackets, swimming goggles.
+ Vending machines provide products such as water, snacks.
+ Support learning and physical training for students and lecturers in the school. + Sell tickets to guests who need to use the swimming pool.
3 Staff and students of National Economics University: 30,000 VND/time
+ Partners: Stores that sell food, drinks, and home appliances that environmentally friendly, and suitable for a healthy lifestyle (Go Eco Hanoi, Zero Waste Hanoi, Green Living, Clever Changes, )
5 Allow membership registration and monthly/yearly payment: members will receive discount vouchers for swimming on special occasions.
6 Consulting + designing a nutritious diet / drink for members through text messages, emails.
7 Allows scanning QR codes to accumulate points every time you go to the swimming pool (5 points / time), exchange points for rewards,
Customers who accumulate 50 points or more will receive a discount voucher worth VND 20,000 to use at participating stores such as Go Eco Hanoi, Zero Waste Hanoi, Green Living, Clever Changes, and The Bamboo Additionally, members who have been with us for five months or longer will receive gratitude gifts on special occasions, enhancing their shopping experience and fostering loyalty.
9 Customer care and support service 24/24 via fanpage, hotline.
- Location: the project is located on campus, near the EBBA Institute of Business
- Travel time: Save time, near the bus stop.
With market price Non market price With market price Non market price
- Revenue and profit for NEU from this business project.
- Bringing customers closer to a green lifestyle and healthy diet by linking with stores doing business in this area.
- The assurance of water quality, safety and hygiene.
- Create more jobs for the residents.
- Save travel time for most of the NEU students and lecturers.
- Promoting the spirit of sports, specifically swimming activities of students and people around the project area.
- Improve the reputation for NEU.
- Maintenance cost -Equipment purchase costs.
- Opportunity cost to use land for other purposes.
-Impacts on people nearby the construction: air pollution, noise pollution
Measure cost benefit with market price
- 1 year construction project (from 2021); The project is run into operation from 2022.
- The project attracts an average of 450 visitors/day; Average time using the service is 150 minutes (equivalent to 2.5 hours);
Staff and students of National Economics University: 30,000 VND/time
- Reduce the cost of renting an outdoor swimming pool for the school annually by 300,000,000 VND/year.
- Revenue from swimming pool service is 405,000,000 VND/month.
- Revenue from the project's beverage and fast food business: 10,800,000 VND/month
- Revenue from swimwear rental service: 2,700,000 VND/month
- Benefits from reducing the cost of using transportation to learn to swim in the pool outside for students & faculty 216,000,000 VND/year
Initial investment cost (it includes labor cost and is at full employment):
●Swimming pool construction cost: 1,300,000,000 VND
●Cost of facilities around the swimming pool: 200,000,000 VND
● The project employs 50 employees; Monthly salary 6,000,000 VND/labor/month, including income tax.
●10% of the workers are unemployed; The value of rest is 1,500,000 VND/worker/month
●The remaining number of employees being employed (not unemployed) is 90%; Salary is
* Annual operating cost: 100,000,000 VND/month
Table of annual revenue:(mil VND)
Revenue from swimming pool services
Benefits from reducing school costs to rent an outdoor swimming pool
Benefits of reducing the cost of commuting to the outside swimming pool for students & lecturers
Revenue from the project's beverage and fast food business
Revenue from swimwear rental service
Table of initial investment costs (unit: million VND)
Cost of building a swimming pool 1 300
Cost of building other utilities around the swimming pool 200
Table of annual costs (unit: million VND)
Table of social benefits and costs of the project on both private and social pointview
Benefit Year 1-25 Revenue from 7 614 0 swimming pool services
Benefits from 0 300 reducing the cost of renting an outdoor swimming pool
Benefits of reducing 0 216 the cost of commuting to the outdoor swimming pool for students/lecturers
Revenue from the 129.6 0 project's beverage and fast food business
Revenue from 32.4 0 swimwear rental service
Cost Year 1 Swimming pool 1 300 1 300 construction cost
Cost of building 200 200 utilities around the swimming pool
Net profit = Revenue – Labor cost – Maintenance cost – Operation cost
=> net profit tax = 2 916 x 20% = 583.2 (mill VND/month)
Swimming pool construction cost: 1 300 mil VND
Cost of facilities around the swimming pool: 200
=> Total investment cost = 1 500 mil VND
Labor cost: 3 600 mil VND/ year
Cost of periodic repair: 60 mil VND/ year
Annual operating cost: 1 200 mil VND/year
=> Total annual operating cost = 4 860 mil CND/ year
Revenue from swimming pool services : 7 614 mil VND/ year
Benefits from reducing school costs to rent an outdoor swimming pool : 300 mil
Benefits of reducing the cost of commuting to the outside swimming pool for students & faculty : 216 mil VND/year
Revenue from the project's beverage and fast food business: 129.6 mil VND/ year
Revenue from swimwear rental service: 32.4 mil VND/year
=> Total benefit = 8 292 mil VND/ year
=> Net benefit = 8 292 - 4 860 = 3 432 mil VND/year
Year Nominal net benefit CPI Real net benefit
Cost and benefit measurement without market price
Alternative project 2: Complex of swimming pools combined with restaurants to
- Investment capital is estimated at about 50 billion VND.
The outdoor swimming pool system at the National Economic University features two distinct pools: a primary pool designed for learning, teaching, practice, and competitive activities, equipped with 10 swimming lanes, each 2.5 meters wide, and a secondary pool catering to recreational needs for both adults and children Spanning a total area of 1,800 square meters, the facility includes 800 square meters dedicated to amenities such as bathrooms, changing areas, rental services, a warm-up zone, and an event restaurant The pool walls reach a height of 2 meters, with a maximum water level of 1.8 meters Designed with a modern trough system to minimize waves and optimize chemical use, the pools employ salt and chlorine for effective disinfection.
The swimming pool project of National Economics University will provide the following main business services: a Swimming service: to respond to the needs of swimming, relaxing swimming for customers.
- Opening time : 5:30-20:00 every day of the week
- Ticket price: + For students: the entrance fee is included in the tuition fee for Physical
+ For outside guests: 45000 VND/person
+ 10-lane swimming pool, width 2.5m/lane in accordance with competition standards combined with swimming pool area for entertainment and recreation
+ Arrange swimming pool board, sasuke sports game area for entertainment and training needs
+ Bathroom, changing clothes before and after swimming: providing clean water system, dividing male and female areas, relaxation room after swimming: providing sitting mattress, snacks, relaxing sound system b Swimming lessons
The National Economics University offers a variety of swimming courses and programs led by certified instructors These include regular official swimming classes for NEU students and external guests, as well as specialized sessions for children aged 6 to 16 Additionally, the university provides emergency first aid training, drowning prevention techniques, and competitive swimming instruction for members of the swimming club.
+ For NEU students: tuition fees will be included in the monthly tuition fees paid to the university.
+ For external customers: ranging from 2.5 - 3.5 million VND/person/key c Swimwear and locker rental/selling service
To maintain hygiene and convenience while swimming, customers need appropriate swimwear, which not everyone may have on hand This service caters to those with unexpected swimming needs, offering popular options such as swimwear rental or sale, swimming goggles, floats, snorkels, and lockers, with prices ranging from 10,000 VND to 200,000 VND Additionally, the pool service includes a restaurant and event organization, enhancing the overall experience for guests.
The event restaurant campus is strategically located within the swimming pool complex, offering a prime view of the pool area It caters to a diverse clientele, including students, lecturers, and employees of the National Economic University, as well as external customers.
The restaurant is a premier venue for parties, events, seminars, and catering services, featuring state-of-the-art facilities including advanced sound and lighting systems, air conditioning, and safety features Additionally, it offers event decoration and photography services for customers both inside and outside the university.
The restaurant's prime location directly across from the swimming pool enhances visibility and accessibility, making it an appealing choice for diners This strategic positioning effectively attracts more customers to the swimming pool complex, boosting overall service usage.
The restaurant offers food services throughout the day, transitioning to event hosting starting at 4 PM to ensure minimal disruption to university students and external customers To book an event, customers are required to make an appointment 1-2 weeks in advance for proper preparation The outdoor area features resort-style seating and table arrangements, allowing guests to enjoy drinks at their seats while taking in the stunning view of the pool, beautifully illuminated with an underwater lighting system at night.
The newly developed complex of swimming pools and restaurants aims to elevate the image and reputation of the National Economic University (NEU), while also serving as a profitable venture to support the university's initiatives Additionally, the facility will provide essential medical services, including care and first aid, ensuring the well-being of all visitors.
The swimming pool is equipped with a dedicated medical room that offers comprehensive care for athletes and students engaged in professional training and competitions This facility ensures prompt first aid and medical assistance in case of accidents, featuring a complete set of first aid tools and equipment Qualified medical professionals are on-site to provide immediate care to athletes, students, and any individuals in need of assistance.
With market price Non market price With market price Non market price
● To increase revenue from the business of swimming pool services such as: selling swimming tickets, swimming courses, renting/selling swimwear, …
● To increase revenue from the restaurant business, organizing events in the swimming pool complex
● To reduce the cost of renting an outdoor swimming university.
● To reduce the cost of renting place for parties and events outside
● To minimize travel time costs of students, lecturers, outside customers
● To improve the reputation of NEU university
● To increase the initiative and convenience in organizing swimming lessons ( due to don't have to depend on renting an outside swimming place)
● To improve the comfort and safety of NEU faculty and students (because of on-campus learning)
● To improve the health of students, lecturers and customers in the surrounding area who regularly use the university's swimming service
● Always ensuring the quality and standard conditions of the
● Affect the living environment of students and households (dust,noise pollution, )-but not much
● When the cold season comes, the outdoor swimming pools aren’t as attractive as the warm season who want to find places to eat.
NEU University aims to lower advertising and communication costs by organizing events and seminars at the university's swimming pool, a facility built to prioritize the health and interests of students and faculty.
Measure cost & benefit with market price
- Construction project in 2 years (2019 & 2020); To be put into operation from the 3rd year ( 2021)
- The project attracts 500 visitors/day; Average time using the service -60 minutes; Estimated service price 45000 VND/person
- Reduce the cost of renting an outdoor swimming pool for the school every year 300 000
- Revenue from swimming pool service is 675 000 000 VND/month.
- Revenue from event and business services of the restaurant: 460,000,000 VND/month
- Other revenue (selling swimwear, rest room, ) : 150 000 000 VND/month
- Benefits from reducing the cost of using transportation to learn to swim in the pool outside for students & lecturers VND 450,000,000/year
● Initial investment costs (it includes labor cost and is at full employment):
Swimming pool construction cost: 25 billion VND
Cost of building other facilities around the swimming pool: 5 billion VND
Cost of building an event restaurant: 10 billion VND
Investment cost for technology 10 billion VND
The project employs 60 workers ; Monthly salary 7 000 000 VND/labor/month, including income tax.
Of which, how many 50% of employees are unemployed; The value of rest is 1 500
The remaining number of employees being employed (not unemployed) is 50%;
Salary is 7 000 000 VND/person/month.
Cost of input materials of the restaurant: 250,000,000 VND/month
● Periodic repair cost: 50,000,000 VND/month
● The project is expected to be exploited from year 3 to year 20.
Table of annual revenue:(mil VND)
Revenue from swimming pool services 500x45,000x30x12=8,100 mil VND/year
Benefits from reducing school costs to rent an outdoor swimming pool
Benefits of reducing the cost of commuting to the outside swimming pool for students & faculty
Revenue from event organization services and restaurant business
Other revenue 150,000,000x12 = 1,800 mil VND/year
Table of initial investment costs (unit: million VND)
Swimming pool construction cost 25,000 mil VND/year
Cost of building other utilities around the swimming pool
Investment costs for technical technology 10,000 mil VND/year
Cost of building an event restaurant 10,000 mil VND/year
Labor cost 60.7.12=5,040 mil VND/year
Cost of using periodic repair 50.12`0 mil VND/year
Cost of restaurant input materials 250.12=3,000 mil VND/year
Table of social benefits and costs of the project on both private and social aspects
Year Items Private pointview (FA)
Social pointview (CBA) (mil VND/year)
Benefits from 0 300 reducing the cost of renting an outdoor swimming pool
Benefits of 0 450 reducing the cost of commuting to the outdoor swimming pool for students/lecturers
Revenue from 5.520 0 event organization services and restaurant business
= 1.356 total 15,420mil VND/year 2,106 mil VND/year
Cost of building 5,000 5,000 utilities around the swimming pool
Investment costs 10,000 10,000 for technical technology
Cost of building 10,000 10,000 an event restaurant total 50,000 50,000
Cost of restaurant 250x12 3,000 input materials = 3,000
= 1.356 total 9,966 mil VND/year 6660 mil VND/year
Net profit = Revenue – Labor cost – Recurring cost – Restaurant input cost
Swimming pool construction cost: 25,000 mil VND
Cost of building other utilities around the swimming pool: 5,000 mil VND
Investment costs for technical technology: 10,000 mil VND
Cost of building an event restaurant: 10,000 mil VND
=> Total investment cost = 50,000 mil VND
Labor cost: 5040 mil VND/ year
Cost of using periodic repair: 600 mil VND/ year
Cost of restaurant input materials: 3,000 mil VND/year
=> Total annual operating cost = 8,640 mil CND/ year
Revenue from swimming pool services : 8,100 mil VND/ year
Benefits from reducing school costs to rent an outdoor swimming pool : 300 mil
Benefits of reducing the cost of commuting to the outside swimming pool for students & faculty : 450 mil VND/year
Revenue from event organization services and restaurant business: 5,520 mil VND/ year
Other revenue: 1,800 mil VND/year
=> Total benefit = 16,170 mil VND/ year
=> Net benefit = 16,170 - 8,640 = 7,530 mil VND/year
Year Nominal net benefit CPI Real net benefit
Cost benefit measurement without market price
Alternative project 3: Outdoor swimming pool project
The investment project to construct a swimming pool complex serves multiple purposes, including business and tourism, while also enhancing the high-standard facilities available for the physical education and training of NEU students.
Basic description of the project: a, About the school's swimming pool system:
Including 10 swimming lanes built outdoors with a width of 2.5m each Each lane is separated from each other by separate buoys The bottom of the tank is also painted to divide the lanes, to avoid athletes having problems when competing.
The area around the pool includes stands, practice and event areas b, About the unique system of mud baths and jet spray baths:
Experience ultimate relaxation at our swimming pool facility, featuring a unique mud bath area with 10 herbal baths Guests can indulge in rejuvenating mud baths designed to resemble eggs, while also enjoying restful sleep in our distinctive "egg houses," ensuring a cozy and tranquil atmosphere.
Description of the business activities of the project:
Free for all students and lecturers who are studying and working at the National Economics University -> creating welfare for students, lecturers and officials and workers working here
=> Increase reputation, gain fame and create brand ‘‘Royal University’’ -> Increasing input demand of both students and excellent faculty.
Charges for guests outside the school
Rent a swimming pool for educational purposes, catering to clubs and registration groups outside of NEU Additionally, offer rental space for services such as food and drinks, water sports equipment, composite sunbeds, and on-demand massage services.
Collect fees from everyone when using the above rental services.
3 Unique mud bath and spray shower service:
Promote the school's image branding (check-in location) -> promote NEU reputation (contact: century building, NEU school tennis court )
There is a fee for everyone to use the mud bath service, there is a discount for NEU first- year students for long-term registration (from 1 year or more).
4 Medical services, health care and consulting:
Emergency beds are available for those in need of rest or facing urgent situations Equipped with first-aid medicine cabinets and essential tools for asphyxiation, these facilities ensure immediate care Additionally, eye drops, nose drops, and ear-drying solutions are provided for swimmers to use before exiting the pool.
There are health care and consulting services (increasing height )
With market price Non market price With market price Non market price
Generate revenue for the NEU through: entrance pool fees ( free for students and lectures of NEU), rental costs, new baths service (for all subjects )
Students: Reduce travel costs, pool entrance fees ( with other universities students, etc.
NEU is set to enhance its reputation as a premier institution by becoming the first university in Hanoi to offer students complimentary swimming services and innovative bathing facilities, a unique initiative not implemented by any other university.
- Students and other people can experience feeling of unwind, excite with creative bath forms: mud-baths and jet spray baths
Conservation cost Operation cost Finance cost Construction cost
Causing noise to the neighboring residential area (but not much)
* Calculate the NPV of the project with inflation = 2%, r = 4%.
Measure cost-benefit with market price
The project was built in 2 years (2018-2019), put into operation from 2020.
The project draws an impressive 500 visitors daily, with approximately 30% utilizing swimming services and 50% enjoying mud baths; notably, 20% of those indulging in mud baths are first-time visitors On average, guests spend around 180 minutes, or 3 hours, engaging with the services offered.
Officials and students of National Economics University: Free.
For mud bath service, spray shower:
For first-year students: 40,000 VND/time
Revenue from venue rental: 300,000,000 VND/month.
Reduce the cost of renting an outdoor swimming pool for the university:
Reduce travel costs of NEU students and lecturers: 400,000,000VND /month.
Revenue from vending machines: 120,000,000 VND/month.
● Initial investment costs (it includes labor cost and is at full employment):
The cost of building a swimming pool (raw pool): 4,000,000,000 VND
Cost of building utilities around the swimming pool: 3,000,000,000 VND
Investment costs for technical technology:
Automatic spray shower system: 200,000,000 VND
Swimming pool water filter equipment: 20,000,000 VND
Underwater LED lights for swimming pool lighting: 30,000,000 VND
Wave generator, swimming upstream: 30,000,000 VND
Cleaning tools (trash rackets, brooms ): 4,000,000 VND
Water treatment cost during construction: VND 13,000,000
The project employs 30 employees; a monthly salary of 4,500,000
VND/labor/month, including income tax.
Periodic repair and maintenance costs: 10,000,000 VND/month
Revenue from swimming services 2.737.500.000/year
Revenue from mud bath service, spray shower 6.935.000.000/year
Revenue from venue rental 3.600.000.000/year
Benefits from reducing the cost of renting an outdoor swimming pool
Benefits of reducing travel costs for students and lecturers at NEU
Revenue from vending machines 1.440.000.000/year
Table of initial investment costs (Unit: VND)
Cost of building a swimming pool 4.000.000.000
Cost of building utilities around the swimming pool 3.000.000.000
The investment cost for technical technology 397.000.000
Cost of water treatment during construction 13.000.000
Table of annual operating expenses (Unit: VND)
Cost of using periodic repair 120.000.000/year
Table of social benefits and costs of the project on both private and social aspects
Revenue from mud bath 6.935.000.000 0 service, spray shower
Benefits from reducing the 0 1.200.000.000 cost of renting an outdoor swimming pool
Benefits of reducing travel 0 4.800.000.000 costs for students and lecturers at NEU
Cost of building utilities 3.000.000.000 3.000.000.000 around the swimming pool
The investment cost for 397.000.000 397.000.000 technical technology
Cost of water treatment during construction
Construction cost of swimming pool: 4,000,000,000 VND
Cost of building other facilities around the swimming pool: 3,000,000,000 VND
Investment cost for technical technology: 397,000,000 VND
Water treatment cost during construction: 13,000,000 VND
=> Total annual operating costs = 2,940,000,000/year
Revenue from swimming services: 2,737,500,000/year
Revenue from mud bath service, spray bath: 6,935,000,000/year
Revenue from venue leasing: 3,600,000,000/year
Benefits from reducing the cost of renting an outdoor swimming pool: 1,200,000,000/year
Benefits of reducing travel costs for NEU students and lecturers: 4,800,000,000/year
Revenue from vending machines: 1,440,000,000/year
Year Nominal net benefit CPI Real net benefit
Cost-benefit measurement without a market price
Alternative project 4: Swimming pool NEU
* Technical description of the Project
1 Standard size competition swimming pool
●Olympic standard swimming pool is divided into 2 types: 25m and 50m.
●The width of the race lane must be at least 2.5m.
●The minimum depth under the lake is 2m.
●There are at least 8 to 10 swimming lanes, separated by lane dividers The bottom of the tank must have dark colored dividing lines between the race lanes.
Size deviations for construction are determined by a positive error, with a maximum allowable deviation of +0.03m It is crucial to meticulously consider each step from design drawing to construction, as precision in the dimensions of a standard Olympic swimming pool is essential for compliance and functionality.
The construction process is managed by qualified surveyors or specialized agencies, with the authority to verify and test assigned by the member federation in the respective country This verification is reaffirmed one final time prior to the project's completion and use.
Competition swimming pools are typically designed indoors to maximize natural light, enhancing the overall experience for swimmers It is essential to ensure adequate lighting in the competition pool area, as well as in the practice rooms where swimmers warm up before their events.
The lighting system in the swimming pool must ensure lighting techniques such as:
– Lighting through the windows of the stadium, lighting through the roof, openings that take light from the high position of the building, mixed lighting.
– The standard area to get natural light is 1/5-1/6 of the area of the water surface.
– There are measures to prevent glare or glare caused by direct light and sunlight reflected through the glass panes.
3 Back to the starting podium
The starting platform of the competition swimming pool must be solid, sure, not capable of generating rebound force and especially non-slip.
Strict requirements for the starting platform
Distance from platform to lake water from: 0.5m-0.75m, platform surface size is at least 0.5×0.5m, maximum slope does not exceed 10 degrees.
Design the starting platform so that athletes can rest their hands on the platform in front and sides when starting.
The fist lines starting backstroke must be placed on the water about 0.3- 0.6m both vertically and horizontally.
Swim lines are designed on the bottom of the pool, between each swim line must have a dark color contrasting with the bottom.
Minimum width of is 0.2m, maximum is 0.3m For a swimming pool with a length of 50m, the length of the swim line is 46m, and for a 25m pool, the length is 21m.
The beginning of the line must be 2m from the lake wall, with a horizontal line 1m long and the same width as the signal line.
In compliance with Olympic swimming pool standards, colon troughs can be installed on all four sides of the tank, with the dimensions at both ends of the tank wall required to be 0.3 meters above the water surface.
To ensure safety and functionality, the overflow trough should be equipped with a durable iron grate or cover that can endure significant impact Additionally, the faucets for opening and closing must be engineered to maintain a consistent water level.
To ensure easy visibility, each starting platform should be clearly numbered on all four sides When standing at the top of the starting pool, Swim Line 1 is located on the right-hand side.
The competition swimming pool must use a system of modern equipment and machinery that is regularly checked to ensure safe use.
There are two types of diving pools: hard jumpers with heights of 10m, 7.5m, 5m and soft jumpers with heights of 3m, 1m; the respective depth is 3.5-5m.
– Water filter (sand filter or smart filter)
– Swimming pool cleaning equipment: Aluminum pole, soft straw, bottom suction table or swimming pool cleaning robot
– Plumbing system (pipes and accessories) connecting all equipment.
– Auxiliary equipment: bottom collection box, bottom collection cover, sanitary suction joint, overflow chute, etc.
– Rescue equipment: life jackets, lifebuoys, signs, …
– Lighting: led lights, halogen lights
- Chemicals to treat swimming pool water
The time to filter the pool water is 1 cycle of water filtration to ensure that after the first cycle, the quality of the water filter is about 75%.
– The 50m tank needs to be filtered for a minimum of 4 hours The 25m tank needs to be filtered for at least 2.5 hours.
The swimming pool will be equipped with a special medical care room for swimmers as well as participants.
Medical and lifeguard staff are always on duty when the swimming pool is open and especially on competition event days.
Rescue equipment is always fully equipped and supplemented when necessary including :
The rescue pole, measuring 2.5 meters in length and painted in red and white, is strategically mounted on the wall of the swimming pool for easy visibility and accessibility It is essential for every swimming pool to be equipped with at least one rescue pole to ensure safety.
- The lifebuoy is placed on the tank wall in a convenient position when used Each swimming pool must have at least 06 buoys;
- The rescue chair is placed on the wall of the tank in a convenient position easy to observe for rescuers, with a height of at least 1.5m above the tank surface.
- The swimming pool will be equipped with 2 changing bathroom areas and a sauna area for men and women
- Inside the bathing area will include 20 bathrooms equipped with equipment such as showers, hot and cold water dispensers, dryers, mirrors for everyone after using the pool
Besides, there is a wardrobe system of 50 pieces to help athletes and pool guests feel more secure.
- The sauna area will include 5 saunas as well as hot water pools to serve students as well as athletes after competition and practice.
The swimming pool will feature an outdoor canteen designed to meet the refreshment needs of students and athletes, providing essential nourishment for recovery and fitness.
- Besides, the swimming pool will also be equipped with a vending machine to make it more convenient to satisfy the beverage needs of consumers.
- In the cateen area, also sell equipment for swimming such as swimming goggles, floats, in accordance with the standards of the pool
- Here, people can also register directly to buy tickets and other pool services
The swimming pool will be equipped with 2 stands with a total capacity of 200 seats expected to serve the needs of organizing sports events.
- The seat system will be made of PVC to ensure in the environment of the swimming pool
* Description of the business activities of the project
- Ticket price will be calculated by turn at 100k/adult and 60k/child
- Time starts from 5:30 to 11:30 and from 13:30 to 19:30 on weekends and
- Weekdays will be open from 1:30 to 19:30 starting in the afternoon
- In addition to such turn-based pricing, there will be preferential combo packages to attract more participants including
+ register 120 times get 20% off + 5 swims
- For students of National Economics School and children of staff, they will receive a 30% discount for each turn, in addition to a 10% discount on swimming lessons.
Swimming lessons are 2.5 million/student
The duration of each lesson is from 45 minutes to 1 hour
A course of 12 sessions is equivalent to 1 month with an accompanying coach ( 3 sessions a week ) - 1 class does not exceed 8 people
Register 2 students get 10% off and 3 students get 15% off total tuition
The instructors will be former professional athletes who have competed at home and abroad
2 Swimming pool rental service to organize competitions for outside organizations
- Rental cost is 25 million/day (including services such as medical care, sauna)
- Time: during the rental period
- The swimming pool will ensure the technical and safety requirements for the tournament
3 Services of organizing and creating a playground for students and athletes inside and outside the school
- Athletes and students participating in competitions and tournaments organized by the school will receive free admission tickets and utility services inside the swimming pool.
- Students, students and people around the area will have to buy tickets to attend
- The prize for the winner will have a Pool Voucher as well as other gifts from the organizers
- Revenue from the event will be used for various purposes such as charity, donation or organizing other competitive events to encourage sports spirit among students.
4 Serving the teaching process of students in the school
- The school will organize swimming credit classes for students in the school on the first days of the week from Monday to Thursday with a flexible teaching schedule.
- Teaching and learning time will be in the morning from 7:00 am to 11:30 am
- admission for students learning to swim is free
Member cost from students or athletes
Ticket from swimming competition audience
Product and drink from canteen counter
Reduce the fee of hiring other swimming pool from other facility for swimming courses
Developing a healthy playground for student of NEU
Encouraging swimming hobbit, trend for student (open new swimming club, )
Leveling up the reputation of REU
Boosting the number of entrance attendance
Construction cost of the swimming pool and the equipment surrounding
Affecting surrounding area during construction time
School might have to cancel other projects due to large amount of capital and time needed for the project (High opportunity cost)
Facing lots of inspector because of many regulation involve
A Measure cost benefit with market price
The project is built in 1 year in 2022, put into operation in 2023
The project attracts an average of 200 visitors per day, peaking up to 500 visitors per day Ticket price will be calculated by turn at the price of 100k/adult and 60k/child
When the project is completed, it will save the school's annual swimming pool rental fee of 250,000,000/year
Sales from tournament organization and swimming lessons 550,000,000/month
Other revenue (organization of tournaments, meals, ) 100,000,000 VND
Benefits from reducing the cost of using transportation to learn to swim in the pool outside for students & lecturers VND 200,000,000/year
● Initial investment costs (it includes labor cost and is at full employment):
- Swimming pool construction cost: 30 billion VND
- Cost of building other facilities around the swimming pool: 5 billion VND
- Investment cost for technology 10 billion VND
- The project employs 40 workers ; Monthly salary 8 000 000 VND/labor/month, including income tax.
- Of which, how many 60% of workers are unemployed; The value of rest is 1 500 000 VND/worker/month
- The remaining number of employees being employed (not unemployed) is 50%; Salary is 8 000 000 VND/person/month.
- Cost of organizing tournaments: 150,000,000 VND/year
- Periodic repair cost: 50,000,000 VND/month
- The project is expected to be exploited from year 2 to 20
Table of benefits (mil VND)
Revenue from swimming pool services 200x80,000x30x12=5,760 mil
Benefits from reducing school costs to rent an outdoor swimming pool
Benefits of reducing the cost of commuting to the outside swimming pool for students & faculty
Business from organizing tournaments and opening swimming classes
Table of initial investment costs (unit: million VND)
Cost of building other utilities around the swimming pool
Investment costs for technical technology 10
Cost of using periodic repair 50.12`0
Table of social benefits and costs of the project on both private and social aspects
Year Items Private aspect (FA)
Social aspect (CBA) (mil VND)
Benefits from 0 300 reducing the cost of renting an outdoor swimming pool
Benefits of reducing 0 250 the cost of commuting to the outdoor swimming pool for students/lecturers
Business from 6,600 0 organizing tournaments and opening swimming classes
Total 13,560 mil VND/year 2,374 mil VND/year
Cost Year 1 Swimming pool 30,000 30,000 construction cost
Cost of building 5,000 5,000 utilities around the swimming pool
Investment costs for 10,000 10,000 technical technology total 45,000 45,000
Net profit = Revenue – Labor costs – Recurring costs = 9,120
Swimming pool construction cost: 30,000 million VND
Cost of building other utilities around the swimming pool: 5,000 million VND
Investment costs for technical technology: 10,000 million VND
=> Total investment cost = 45,000 mil VND
- Annual operating cost ã Labor cost: 3840 million VND/ year ã Cost of using periodic repair: 600 million VND/ year ã Cost of competition event: 150 million VND/year
=> Total annual operating cost = 4590 million VND/ year
Revenue from swimming pool services: 5760 million VND/ year
Benefits from reducing school costs to rent an outdoor swimming pool: 300 million VND / year
Benefits of reducing the cost of commuting to the outside swimming pool for students & faculty: 250 million VND/year
Revenue from competition event services and swimming classes: 6600 million VND/ year
Other revenue: 1,200 million VND/year
=> Total benefit = 14110 mil VND/ year
=> Net benefit = 14110 - 4590 = 9520 mil VND/year
Year Nominal net benefit CPI Real net benefit
B Cost benefit measurement without market price:
Benefit Evaluation methods Value of mil VND/time using the school's swimming pool service
Health training for students and lecturers at the school
Evaluation through saving on medical costs
Create comfort and initiative about the arrangement of classes, class time of students and lecturers
Cost savings (saving the cost of renting an external swimming pool + the cost of using transportation to study outside)
Create peace of mind for students and faculty about the quality of water in the pool
Cost Method Valued by VND/1m2 of wetland.
Lost potential revenue Opportunity cost of other projects