Group assignment course invesment project appraisal topic vinhomes ocean park 2 the empire appraisal

MINISTRY OF EDUCATION AND TRAINING NATIONAL ECONOMICS UNIVERSITY  GROUP ASSIGNMENT COURSE: INVESMENT PROJECT APPRAISAL Topic: “Vinhomes Ocean Park – The Empire appraisal” Group members: Đinh Yến Ngọc 11219313 Trần Thu Phương 11214899 Vũ Hà Phương 11214907 Nguyễn Hà Thanh 11215291 Lê Phương Thảo 11219316 Nguyễn Thị Minh Thu 11215549 Major: Accounting CFAB K63 Ha Noi, November 3rd, 2022 TABLE CONTENT A INTRODUCTION B CONTENT I Project overview Introduction Project approved and apraisal II Macro factors appraisal of the business Political Economic Social 4 Technology 5 Legal Environment: Location potential of Vinhomes Ocean Park III Market appraisal Supply and demand analysis Target market Products Marketing 12 Rival: Ecopark Green city 13 IV Technical appraisal 13 Technology for construction of residential areas 13 Technology in living gadgets 15 V Project future 17 C CONCLUSION 18 REFERENCES 19 A INTRODUCTION The decision to invest in a development project is one of the most important decisions determining the long-term development of the business The implementation of a development investment project requires large financial resources, long construction and operation time, so the appraisal needs to be carried out well, considering many aspects including risks, impacts from the macro environment and the whole business to choose an effective investment project Founded in 2012 after merging two companies, Vinpearl and Vincome, Vingroup is currently one of the most successful investment groups today, investing capital in many different fields, the most prominent of which is the real estate sector, earning the most famous brands: Vinhomes, Vincity and Vincom In particular, Vinhomes – a subsidiary of the group has many advantages in participating in the implementation of large real estate projects in the country, towards the mission of bringing modern life experiences with residential areas planned for industry, highclass utilities, diversified; synchronous services ; connect, build a cultural and dynamic community Based on this goal and the idea of a unique and vivid architectural style with a Mediterranean style, the company invests in Vinhomes Ocean Park – The Empire urban area project, bringing comfortable and high-class living space to the resident community, providing an opportunity to bring great values to real estate investors across the country B CONTENT I Project overview Introduction Trade name: Vinhomes Ocean Park the Empire – Vinhomes Hung Yen Project investor: Vinhomes Joint Stock Company (a member of Vingroup) Project location: Van Giang district, Hung Yen province Total land area of the whole project: more than 460 hectares Total investment capital: 38,000 billion VND Construction density of the whole area: 35% Outstanding facilities: The largest wave-making saltwater lake in Viet Nam 18ha, Green area, landscape lake, amusement park, park, more than 120ha Project scale: 50 Block luxury apartments and more than 23000 low-rise apartments: shophouse, commercial service, Adjacent, Villa Apartment area: 30-98m2 Low-rise area: 76-300m2 (3-5 floors high) Commencement: 2021 Delivery time: 2023 Type of ownership: Long-term or limited-term depending on the type of product Project approved and apraisal On March 5, 2018: The project was approved by the People's Committee of Hung Yen province, Vinhomes The Empire - Vinhomes Ocean Park On October 4, 2019: The project to prepare and adjust the ground plan of Vinhomes The Empire, with a detailed construction scale of 1/500, was approved by the People's Committee of Hung Yen province July 2020: The Ministry of Planning and Investment conducts appraisal and reports to the Prime Minister for approval January 2021: The Prime Minister has approved the investment policy of Vinhomes The Empire ecological urban area project II Macro factors appraisal of the business Political Viet Nam is highly appreciated for its level of political stability, creating a premise for economic development In addition, there are preferential policies on taxes and interest rates for Viet Namese businesses, which operate effectively with respect to real estate investment Vingroup will be exempt from tax for years and will receive a preferential tax rate of 10% within 15 years Economic In 2019, economic growth was good, labor productivity and quality of growth continued to improve, macroeconomic stability was solid GDP growth rate is estimated at 6.8%, achieving high targets according to the National Assembly's resolution The scale of GDP increased to about 266.5 billion USD, an average of 2,778 USD/ person (Thoi bao Tai chinh Viet Nam, 2019) The State Bank of Viet Nam has lowered the refinancing interest rate twice from 6% to 4.5%/year in March and May, the rediscount interest rate from 4% to 3%/ year in 2019 In the context of falling oil prices, strong, weakening consumer demand along with efforts to cut 10% of electricity prices, Viet Nam's inflation is forecast to be below 4% (Tap chi tai chinh, 2020) The global Covid-19 pandemic had a strong influence on the world economy in general and Viet Nam in particular, making public debt companies, delaying production, unable to deal with partners to import Whether input, even bankruptcy, 90 million people in Viet Nam have lost their jobs and suspended their businesses According to Dr Can and the authors of the BIDV Training and Research Institute, the disease was controlled in the second quarter but was negatively affected by the total supply and demand from outside; Viet Nam's GDP growth rate will decrease by 2.58%, reaching 4.07-4.20% in 2020 (Can and BIDV, 2020) The slow economic growth, as well as the impact of the COVID-19 pandemic, also affected the operation and finance of Vingroup in 2020 because the business activities nationwide have not operated stably Social The population of Viet Nam as of 2019 is more than 90 million A middle class actually exists in Vietnamese society, accounting for some 13% of the population of Viet Nam, and by 2026, this class will increase to 26% (World Bank, 2019) The proportion of people with high incomes of over 10 million a month, accounting for 1/5 of the population, has a high growth rate of 1.2%/ year Currently, Vietnamese people are also interested in Vietnamese domestic products, and they are also interested in travel needs These things will help Vingroup to have more potential customers to expand the market Currently, Vietnam's education system is growing and providing a potentially abundant human resource, in addition to a team of human resources from returning international students (World Bank, 2019) Technology The new development trend of cities is to be located on the beach, applying new technology with smart city However, Vinhomes Ocean Park of Vingroup the opposite and bring the sea back to the city Vinhomes has broken its own record with Vinhomes Ocean Park The project owns many unprecedented super-utilities in Viet Nam Specifically, the focus is the world's largest sea park complex with artificial waves - Royal Wave Park with a total area of up to 18 ha, including the Asian leading saltwater lake Laguna with over ha, a complex of wave pools with more than applying cutting-edge wave generation technology Next, Vinhomes Ocean Park also has the "all in one" utility system with the largest Vingroup brand in Viet Nam and high-class landscape design Legal Historical & legal information of Vinhomes Ocean Park project – The Empire On July 3, 2018: Hung Yen Provincial People's Committee issued Document No 1512/QD-UBND approving the results of investor selection for the Dream City Urban Area project (Vinhomes Ocean Park – The Empire) in the area communes: Long Hung, Nghia Tru, Van Giang district On October 4, 2019: Hung Yen Provincial People's Committee issued Decision No 2231/QD-UBND on approving the project to prepare and adjust the detailed construction planning at the scale of 1/500 Dream City Eco-urban Area June 16, 2021: Hung Yen Provincial People's Committee issued Decision 1423/QD-UBND approving the project of local adjustment of detailed construction planning at the scale of 1/500 Dream City ecological urban area Environment: Location potential of Vinhomes Ocean Park The highlight of Vinhomes Ocean Park - The Empire is the inheritance of the synchronously completed connected transport infrastructure of the Eastern city Unlike Vinhomes Ocean Park 1, which has to wait for 2-3 years to get traffic infrastructure, The Empire already has the ability to connect Vinhomes Ocean Park has a strategic location at the gateway of Hanoi - Hai Phong highway, the arterial road connecting the golden economic triangle The project owns the key traffic connections of Gia Lam, from anywhere to Vinhomes Ocean Park including: - Co Linh intersection (400 billion): Completed in January 2021 - Vinh Tuy Bridge Intersection Phase (2500 billion): expanded with lanes, expected to be completed in 2023 - The East: Near to arable land and land in Nghia Tru commune - The West: Adjacent to Ha Noi - Hai Phong highway - The North: Close to DH.17 - The South: Close to arable land in Tan Tien and Vinh Khuc communes Location of Vinhomes Ocean Park project, right next to Ha Noi - Hai Phong highway Vinhomes Ocean Park urban area is located right next to the new Ha Noi Hai Phong highway (National Highway 5B), adjacent to many arterial traffic routes of Gia Lam and Long Bien districts such as 379 - Co Linh street, Thanh Tri bridge in the direction of Phap Van ring highway This is one of the very convenient locations when located on the fastest and most powerful development road of Hung Yen province Built at one of the locations that directly connects the Hanoi - Hai Phong highway and especially has an arterial 3.5 ring road running through the center of the project, creating a favorable urban connection network between leading economic regions of the country Besides, Vinhomes Ocean Park is only minutes away from Vinhomes Ocean Park 1, which will be convenient to move due to the modern traffic network east of the capital with outstanding growth potential such as: Thanh Tri bridge, Vinh Tuy bridge currently and Vinh Tuy bridges, Ngoc Hoi bridge, Me So bridge preparing to open to traffic in the future The project is located right near Vinhomes Ocean Park urban area and Ecopark urban area, only 37km from Hung Yen city, 15km from Hanoi city center via Vinh Tuy bridge From here, residents can easily move to the city center in less than 30 minutes III Market appraisal Supply and demand analysis 1.1 In terms of quantity a Supply quantity The supply of new apartments in Hanoi is expected to increase by about 40% over the same period, reaching 25,600 units in 2022, then will recover to the same level in 2018 - 2019 with 36,100 units in 2023, mainly from the West and East of Hanoi The absorption rate is expected to improve to 90 - 110% in 2022 - 2023, higher than 75 - 90% in 2018 - 2019, equivalent to about 27,000 - 32,000 units consumed per year For the landed housing market, new supply continues to depend on the number of large projects launching in 2022 According to CBRE data, the supply of new landed housing market is expected to decrease by about 40% over the same period, to 1,500 units in 2022 due to the less contribution from Vinhomes than previous years The market is expected to have more large projects for sale Hung Yen is considered one of the notable emerging areas in the Northern real estate market, along with Bac Ninh and Quang Ninh The supply of new housing in Hung Yen may reach 2,500 units in 2022, about 16.8% higher than the supply in Hanoi, thanks to contributions from large urban areas b Demand quantity According to Knight Frank's Wealth Report 2021, it is predicted that in the next years, Viet Nam will still be the country with the fastest growth rate of the super-rich class in the world at about 31%, equivalent to about 511 people owning assets over 30 million USD and more than 25,800 people owning assets over million USD In 2021, sales of luxury houses accounted for 10% of the real estate market share, more than 14.5% compared to 2020, while prices increased by 20.3% The potential of luxury real estate is further confirmed when this gradually becomes a measure of the "tolerance" and enjoyment of the elite, beyond jewelry, branded clothes, yachts, supercars, This is completely understandable when holding many real estates has always been a symbol of status and wealth over the decades Above all, this is considered a worthwhile choice and a smart investment decision, not only to increase assets but also as an investment in personal brand and quality living experiences → Along with the development rate of the upper class, the luxury real estate segment is forecasted to have a strong growth However, due to the limited number of luxury and international standard real estate projects on the market, especially in Hanoi, most high-end projects on the market are sought by investors 1.2 In terms of quality Customers’ criteria when evaluating luxury real estate include high liquidity, construction and design in accordance with safety standards, convenient and beautiful location, prioritizing value of land rather than construction value, real estate projects have transparent legality However, currently, not all luxury urban areas meet all these requirements of customers Target market 2.1 Target customer With a sales rate of 80 million VND / m2, more specifically as follows: - Single villas with selling prices in the range of 26 - 40 billion VND - Dusk villas with selling prices in the range of 14-50 billion VND - Quadruple villas with selling prices in the range of 16 - 20 billion VND - Townhouses selling price in the range of - 30 billion VND - Shophouse selling price in the range of - 45 billion VND - It is expected that the selling price of apartments ranges from 1.8 billion to 5.2 billion, depending on the time, the number of rooms and the view of each apartment, the selling price of apartments will also fluctuate Target customers of Vinhomes Ocean Park is the middle class in Viet Nam, with income ranging from 1,400 USD - 3,400 / month (equivalent to about 30-75 million VND / month) According to real estate experts, Vinhomes Ocean Park is the ideal choice for young, knowledgeable people and people with stable incomes The complete transportation system and infrastructure make the process of moving to the city center to work easier 2.2 Psychology According to the Real Estate Consumption Psychology report just published by the batdongsan.com.vn, in Viet Nam, the higher the income, the more real estates they own 80% of customers who already have at least property said they want to use the available money to buy more real estate to invest or save for their children Green space is the criterion that this group of customers are most interested in With real estate owned, buyers appreciate the conditions of amusement parks, near public utilities, while with additional real estate, they choose green space, less crowded areas, and large space Besides, over years affected by the Covid-19 pandemic, the "taste" of real estate investors has changed drastically Investment decisions are made based more on criteria related to space, living environment or health benefits A survey by batdongsan.com.vn showed that about 40% of customers need to "move" towards the periphery of urban areas; 60% of customers prefer to choose projects with high density of trees, airy space In fact, green projects also always have outstanding liquidity because customers are willing to spend 4-8% higher costs to own living space close to nature Products 3.1 About the product Name: Vinhomes Ocean Park – The Empire Reasons to choose: As Hanoi's inner city becomes increasingly cramped, real estate creators have been looking for potential "promised lands" in new central areas Besides, the "city within a city" model is not only the key to solving the problem of urban overcrowding but also helps create modern and civilized communities In particular, the East of the Red River gradually became the "focus" of the market, especially when there was the appearance of Vinhomes Ocean Park – The Empire This is one of the main factors stimulating high-income people to move to the east bank of the Red River, on an unprecedented scale 3.2 Product prosperities a Super utility system Planned to become a world-leading super-complex marine urban, Vinhomes Ocean Park - The Empire owns its own super utility system with and new highlights and scale: - Royal Wave Park, the world's largest wave park complex, up to 18ha - The largest saltwater lake in Asia Laguna is more than 9.3ha - Empire Park Central Park is more than 7.5ha and gathers a trio of consecutive parks: Khai Hoan Park, Light Park, Love Park - Silk Park is more than 2.6km long and gathers a series of new unique facilities - Kingdom Avenue is 5.8ha with the highlight of 3.68ha Empire Square and the iconic Tower of the Goddess of Light up to 50m high - Dozens of green internal parks with unique landscape architecture, inspired by famous lands in the world - Vincom Mega Mall with a total floor area of 7.45ha gathers a series of famous domestic and international brands - Vinmec Heath Resort 5-star hospital with 18 villas for the first time in Viet Nam - A diverse system of high-quality schools, bringing together a full range of education levels from Kindergarten to Inter-level High School - Dozens of multi-style, multi-experience public utility complexes In addition, Vinhomes Ocean Park – The Empire also inherits a high-class utility system from phase that has been formed and put into operation: Vincom Mega Mall, VinUni, TechnoPark office tower creating an unprecedented scale and class utility ecosystem b Diverse subdivisions - colorful utilities Vinhomes Ocean Park – The Empire is also a combination of diverse subdivisions with a variety of styles and highlights The design of Ocean Park is converged with the world elites, bringing design styles from famous countries: Venice – Italy, Florida – USA, France, Mediterranean 10 The Empire subdivision is inspired by Venice, which is the most romantic city in the world Pearl subdivision with the most classy and upper-class Venetian style, is likely to miniature Venice This is also the only subdivision with waves at the project Just like the name "Pearl" this is the most VIP rated subdivision of the project Coconut Island subdivision with tropical style The Seagull subdivision is designed in the Mediterranean style European-styled Coral Subdivision Indochina-styled Date subdivision Florida-styled Green Palm Subdivision Starfish subdivision is designed in French style; this is the busiest central subdivision The common point of villas, townhouses is the open, liberal design, in harmony with the natural space outside, bringing natural light in each living space c Advantages from location The attractiveness of The Empire to investors is also created by the location of the project The megacity is located at the intersection of a series of national key transport projects, with various types of roads and railways When infrastructure system completes, residents can benefit immediately instead of waiting 2-3 years like other projects This creates connectivity, shortening the travel time from the project to the center to only about 15 minutes, through the Hanoi - Hai Phong expressway, Thanh Tri and Vinh Tuy bridges In the future, the circulation will be even easier when a series of bridges are built, such as Vinh Tuy Bridge phase 2, Ngoc Hoi Bridge, Me So Bridge Vinhomes Ocean Park is also close to the top of the "golden triangle" of growth in Hanoi - Hai Phong - Quang Ninh Connecting to this area with vibrant economic - trade - investment activities is very easy when it only takes minutes to move into Hanoi - Hai Phong highway Meanwhile, Gia Lam area right next to the project is on the road to develop into a district, will be a transshipment center, a highquality service center and a vibrant financial trade center in the future 11 Marketing 4.1 Methods Vinhomes is considered to have extremely strong media coverage Each project of the brand right from its launch has attracted great interest on social networking sites and online newspapers Facebook is the most popular communication channel with 83% of posts about the real estate sector Therefore, Vinhomes marketing strategy is focusing on building effective content and interaction on fanpages Short film videos with emotionally impactful content tend to attract more interest than videos only about the project The messages "dream of a stable life", "value of enjoyment" is customers’ favourite which confirms the change in the customers’ insight for real estate products: buying a house not only to live but to wish for a home with the values of enjoyment and peace These are the messages that Vinhomes wants to convey to its customers Marketing strategy is also therefore a resounding success 4.2 Promotions Vinhomes Ocean Park – The Empire also has the resonance of the investor's preeminent sales policy It is the program " Mua nhà đẳng cấp – An tâm lãi suất", with financial support that can last up to 30 months, helping customers have more confidence when making all investment decisions Accordingly, for customers wishing to borrow capital, you will only need to pay 30% of the product value in advance to be able to own a villa in "Ocean District" - Vinhomes Ocean Park With the remaining 70%, the bank will support you to borrow at 0% interest rate, lasting 18 months from the date of first disbursement but no later than 25/12/2023 The principal grace period is supported up to 30 months with interest rate support from March 19 to 30 not exceeding 9.5%/year during the interest rate support period In addition, when ordering apartments and signing purchase contracts, customers will be given VinFast vouchers worth VND 200 million applied to VinFast electric cars 4.3 Predicting the future Integrating many outstanding advantages, having a prime location when owning many exits - to Hanoi - Hai Phong expressway, ring road and in the future, near to metro station line Vinhomes Ocean Park - The Empire has a lot of room for outstanding growth This is also the reason why the project has been chosen by many investors since its launch 12 Rival: Ecopark Green city 5.1 Location Both projects are in prime locations, attracting a large number of people and ensuring the convenience of living and working for residents Vinhomes Ocean park - The Empire is the first project of Vinhomes in the potential land - Hung Yen This coordinate is highly appreciated by experts for the potential for development and price increase in the future The traffic system at the project is also highly appreciated due to its proximity to many arterial roads Meanwhile, Ecopark is in Xuan Quan commune, Van Giang district, Hung Yen province This is located to the southeast of Hanoi and only about 20km from the city center Ecopark gains the advantage of its location near the Red River, Dang River and stretches on the banks of the beautiful Bac Hung Hai River Ecopark is like a green lung and gives people a large living space, beautiful views, close to nature 5.2 Ultilities If Vinhome Ocean Park cares about diverse utilities, Ecopark focuses on people's living space Ecopark's utility system includes the old town, historical monuments, museums, cultural squares, art schools Besides, Ecopark also meets the needs of people by building commercial centers, entertainment areas, shopping extremely useful In addition, coming to Ecopark, customers can enjoy a system of high-class restaurants, gyms, spacious and modern cinemas IV Technical appraisal Technology for construction of residential areas 1.1 Top - down construction technology Considered the leading real estate brand in Viet Nam, Vingroup has set a new world-class standard in the field of real estate This contributes to a change in thinking, lifestyle and real estate market in Viet Nam Vinhomes' projects are famous for their methodical planning, reasonable apartment design, thoughtful after-sales policies and cannot be ignored as advanced construction technologies that create Vinhomes' brand value One of the most prominent technologies applied in housing projects, Vingroup's construction works including the high-rise area of Vinhomes Ocean Park project is Top - down technology (from top down) Top-down construction 13 technology is understood as the technology of constructing the underground part of a building according to the top-down method, different from the traditional construction method, bottom-up construction With this technology, one can simultaneously construct the underground floors (below the mortar +-0.00 - the finished ground surface of the ground floor of the building - the core of the building) and the foundation of the building; just constructed a finite number of floors, belonging to the upper body (on the ground) The basements were constructed by constructing barrette walls around the house (later the top of the enclosure wall served as the enclosure of all basements) and drilled piles (located at the foot of the pillars) inside the premises Fin walls are constructed according to the technology of piles stuffed with concrete to natural ground reinforcement or ground floor reinforcement (zero reinforcement) The advantage of this construction technology is the fast construction progress: when the foundation and basement are being made, it is still possible to simultaneously make the upper part to save time, unlike the traditional method: construction from the bottom up, the foundation and basement must be completed to carry out the construction of the upper part Thereby, the construction time of the investor is significantly saved 1.2 Construction materials – Acotec Panel Acotec Panel is a material chosen by Vingroup investors to use in apartments and Vincity projects, including the high-rise area of Vinhomes Ocean Park – the Empire Acotec Panel wall is a type of building material casting concrete blocks according to the technology of Elematic from Finland This is a modern concrete wall that thoroughly overcomes the limitations of traditional brick walls (easy to burn, easy to penetrate, difficult to paint smoothly if not bait, ) Currently, Acotec Panel wall panels are used in construction projects in more than 30 countries around the world: Finland, Spain, Russia, Korea, China, India, Malaysia, Thailand In Viet Nam, Acotec Panel concrete wall panels are included in the works: Landmark 51 Ha Dong, Vinaconex Headquarters, Vinhomes Dragon Ha Long, and VinGroup's Vincity projects are about to be implemented Advantages of the material has a fast construction time and effective sound insulation, heat insulation, fire resistance, impact resistance and good heavy object suspension; high resistance to earthquakes; contributing to increasing the usable area, supporting the construction of plumbing systems and power lines more 14 conveniently Thanks to that, residents of Vincity projects including The Empire can be assured of the quality and sustainability of apartments using this Acotec Panel wall panel Technology in living gadgets 2.1 Intelligent security system in urban areas Vinhomes builds a 5-layer intelligent multi-layer security control system in megacities This is also the first megacity chain in Viet Nam to deploy a large-scale and synchronous camera system applying artificial intelligence (AI), combined with dense layers of security sensors, ensuring outstanding private and safe living space, contributing to making Vinhomes megacities become "livable cities”, catch up with the trend of smart cities in the world In addition to the security monitoring system by AI Camera, access control by facial recognition, Vinhomes continues to deploy more layers of security sensors to ensure security – safety in public places; provide a package of smart security solutions for residents The system consists of layers of sensors, details: The first layer of security is an electronic fence consisting of sensors installed at security gates, on long fence walls, wide corridors and there are hidden corners that AI cameras not see and need to control people passing by The second layer of security with glass shattering sensors is installed in shops, apartments, villas, offices with glass facing public places and inside there are many properties that need protection The third layer of security consists of door opening sensors installed at doors that require high security control such as records rooms, storage, finance and accounting, rooms containing technical equipment and important assets The fourth layer of security with motion/temperature sensors warns of unusual intrusions in high-protection rooms such as operating rooms, control rooms, technical rooms or hidden corners The fifth layer of security includes sound sensors, vibration sensors that are the innermost layer to protect safes, ATMs or cabinets containing documents and assets to be protected All of the above sensors are integrated to send abnormal signals immediately to the operation center and security forces at the nearest location or send on the resident app, helping security forces, security guards and residents detect and handle in time 15 2.2 Vinhomes smart security core system Besides detecting strange objects illegally breaking into urban areas; breaking glass doors, safes, ATMs; movement in unauthorized areas; harassment, abuse or kidnapping in lobby/elevator spaces Vinhomes multilayer security system is also capable of detecting people lying on the ground for more than 20 seconds; going over speed in urban areas; illegal parking Safety and security are of smart pillars that Vinhomes applies and brings into the operating standard of the system from 2019, including Safety and smart security; Smart operation; Smart Communities and Smart Products The pillar of Safety and smart security is put on top by Vinhomes with a multilayer camera system integrated with artificial intelligence (AI), an elevator stratification control system with face recognition (Face ID) feature Through proactively upgrading the multi-layered security system this time, Vinhomes has strongly affirmed the motto "customer-centric", creating the greenest, classy, smart and livable megacities in Viet Nam 2.3 All in one ecosystem The utility chain of the project is invested and fully planned according to the "All in one" model, which has been applied to other housing urban projects of Vingroup including Vinhomes Ocean Park The planned utility system includes: shopping malls, international general hospitals; management and operation of vinhomes; Vinschool inter-level school; Vinbus electric vehicle and Vinfast charging station system When Vinhomes Ocean Park - The Empire is completed, the investor will place Vinfast charging stations with a complete level and full components from charging posts, charging wires, charging ports and information screens that are Viet Nameseized Charging stations will be installed in the basement or outdoor parking lot, so that cars can enter and exit comfortably; prioritize the area where the charging station is located in a cool place; near the protection, there is a custodian to ensure safety while increasing brand recognition Charging stations are equipped with a 3-phase 380V power supply; capacity about 60kW or 30kW / DC charging port 11kW / AC charging port; prioritize installation in locations where there is already a grounding power system, wired Internet connection and stable mobile waves The same stations are installed with automatic fire alarm and fire fighting systems; have a fire protection license to ensure safety during use 16 V Project future The investment project of Vinhomes Ocean Park The Empire is highly feasible because it meets the following criteria: - The project catches up with the trend of low-rise real estate - the segment with the strongest transaction volume and price increase - The project development site is in the center of Van Giang district - the leading economic development axis of the eastern provinces of the capital Currently, Van Giang is in the planning area of Hanoi capital Therefore, Van Giang district has the fastest urbanization and development rate in Hung Yen province - The project was built by the investor, Vinhomes of Vingroup - a brand and a large, prestigious, and famous general contractor in Viet Nam specializing in the development of a chain of high-end real estate projects with a large number present throughout the world all parts of the country - The location of the project is in a highly appreciated, strategic, and prime location with an infrastructure system that brings development opportunities as well as convenience for all residents when choosing to live here - The project is adjacent to a series of important traffic routes, the lifeblood of the area to help residents easily move to the city center and neighboring provinces - The investor develops the project with a variety of products such as: luxury apartments; The villa is arranged in harmony with the green living natural landscape, a chain of utilities and services to ensure high-class Vinhomes standard living standards - The project has been researched and considered in many aspects in the fields of management, exploitation, business development, ensuring economic and technical factors, and the ability to quickly recover capital 17 C CONCLUSION Investment project appraisal activities play an important role for project owners, enterprises, and capital sponsors; is the activity of evaluating and forecasting the effectiveness of the project before being decided to invest or put into practice Therefore, this activity has become a practice, principle and standard in business and investment activities in the world and is initially being valued in Viet Nam Based on the analysis of the macro environment, market, technology factors, Vinhomes Ocean Park - The Empire is a project with high feasibility, potential to bring long-term and stable profits to the homeowner invest The real estate market is a potential market with many competitors, but thanks to the methodical and thoughtful investment in all aspects, the project promises to create a fever in the real estate market Hung Yen in particular and the whole North in general Request: - Encourage everyone when implementing the project to follow the plan - Manage and regularly check the project implementation process to promptly correct errors, so that the project is completed well and achieves the desired success - Always upgrade the project's equipment in accordance with market trends to ensure the quality of the project is on top - Offer reasonable competitive strategies against the project's competitors to help the store have a large position in the real estate market 18 REFERENCES 13/06/2022, Tiến độ dự án Vinhomes The Empire (Vinhomes Ocean Park 2) Hưng Yên, https://theempirevin.com/tien-do Tâm Anh, 18/8/2022, Cách Vinhomes xây dựng khu đô thị đáng sống, https://vnexpress.net/cach-vinhomes-xay-dung-cac-khu-do-thi-dang-song4498728.html , 26/10/2022 16/11/2016, Tìm hiểu cơng nghệ xây dựng độc đáo dự án Vinhomes , https://www.Viet Namplus.vn/tim-hieu-nhung-cong-nghe-xay-dungdoc-dao-o-cac-du-an-vinhomes/416340.vnp , 8/11/2022 Thanh Huyền, 26/07/2022, Vinhomes Ocean Park – The Empire “hút” giới tinh hoa phía Đơng Hà Nội, https://laodong.vn/bat-dong-san/vinhomes-oceanpark-2 the-empire-hut-gioi-tinh-hoa-ve-phia-dong-ha-noi1072976.ldo?fbclid=IwAR2Fh4v2Wh7I1A_7wmOJO6pstLDi_q7cQk1ZRCnvJi4FRKKXnoLjajn0EM , 09/11/2022 Đức Hoài, 28/9/2022, Động lực thị trường bất động sản phía Đơng Hà Nội, https://vnfinance.vn/dong-luc-moi-thi-truong-bat-dong-sanphia-dong-ha-noi47018.html, 9/11/2022 Huyền Anh, 24/08/2022, Nhân tố khiến Vinhomes Ocean Park - The Empire nhà đầu tư “chọn mặt gửi vàng”, https://tuoitrethudo.com.vn/nhan-to-khienvinhomes-ocean-park-2-the-empire-duoc-nha-dau-tu-chon-mat-gui-vang204234.html, 30/10/2022 Thùy Trang – Lâm Tùng, 15/08/2022 Giá đất dự án Vinhomes The Empire đâu so với thị trường phía Đông Hà Nội, https://markettimes.vn/gia-dat-taidu-an-vinhomes-the-empire-dang-o-dau-so-voi-thi-truong-phia-dong-ha-noi3115.html, 30/10/2022 VINHOMES OCEAN PARK – THE EMPIRE HƯNG YÊN https://www.vinhomeland.com.vn/vinhomes-ocean-park-2-the-empire-hung-yen/, 26/10/2022 19 26/07/2022, Tiềm dự án Vinhomes Ocean Park – The Empire bất động sản thấp tầng, https://vinhomesoceanparkz.vn/tiem-nang-cua-du-anvinhomes-ocean-park-2-the-empire-bat-dong-san-thap-tang/, 09/11/2022 10 Công Thọ, 26/07/2022, Vinhomes Ocean Park 2- The Empire dẫn đầu ‘cuộc đua tiện ích’ phía Đơng Hà Nội, 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