(Tiểu luận) practice report topic appraisal of project vinhome ocean bank ha long xanh

National Economic University Investment Project Appraisal _ PRACTICE REPORT Topic: Appraisal of Project Vinhome Ocean Bank Ha Long Xanh Students: Nguyen Phuong Hoa – 11219302 Nguyen Thi Khanh Huyen - 11219303 Truong Khanh Huyen – 11219305 Nguyen Thuy Dung - 11219299 Chu Nguyen Ha My – 11214021 Hoang Viet Ha – 11211872 Class: ACT – ICAEW 63 Lecturers: Đinh Thuy Dung Hanoi, 2022 The economy is growing with the appearance of more and more business companies in different fields To build with a strategic vision, a large scale and become an attractive tourist destination, the investor had to raise capital from the market To make a decision on whether the project should be invested or not, the government conducts an appraisal of the construction project To learn more about how to appraise a project that attracts tourists as well as on such a large scale, the team conducted the topic: "Appraisal of Vinhomes Ocean Bank Ha Long Xanh project" Who is the approved and appraisal project? The total investment of the project is about 165,104 billion VND (equivalent to more than billion USD) So, the project falls under the investment decision authority of the Prime Minister The People's Committee of Quang Ninh province approved the Vinhomes Ocean Park Ha Long Xanh project and the Ministry of Construction presided and coordinated with the Ministry of Natural Resources and Environment and the Ministry of Agriculture and Rural Development in appraising the project On June 1, 2020, the Chairman of the People's Committee of Quang Ninh Province signed a decision to recognize the joint venture of Vingroup - Joint Stock Company and Vinhomes Joint Stock Company to meet the preliminary requirements for capacity and experience to register for the project Green Ha Long urban complex in Quang Yen town and Ha Long city.Later, on mid-September 2020, Vice Chairman of Quang Ninh Provincial People's Committee requested Vingroup to urgently complete the Environmental Impact Assessment (EIA) dossier of the Ha Long Xanh project worth 10 billion USD to submit to the Ministry of Natural Resources and Environment The appraisal and approval environment will serve as a basis for reporting to the Prime Minister for decisions on project investment policies The Ministry of Construction presided, and coordinated with the Ministry of Natural Resources and Environment and the Ministry of Agriculture and Rural Development in appraising the project and reporting to the Prime Minister for consideration and decision on investment policies in accordance with regulations of the Government law Finally, on April 2021, Deputy Prime Minister Trinh Dinh Dung signed on behalf of the Prime Minister approving the investment policy of Vinhomes Ocean Bank Green HaLong urban complex project in Quang Yen town and Ha Long City, Quang Ninh Province Appraise of the macro factors of the business: 2.1 Overview of Vinhomes estate: In general, the outstanding profit of the Vinhomes project, including the special points: Prime location: most Vinhomes projects are built in places with synchronous transport infrastructure, located near the city's arterial roads Thanks to that, the process of moving people while living here becomes quick and convenient In particular, some urban areas such as Vinhomes Riverside or Vinhomes Central Park, etc also possess riverside locations, creating rare prosperous feng shui values This is a preview Do you want full access? Go Premium and unlock all 18 pages Accomplishment warning: most Vinhomes-branded products maintain low to very low construction density Most of the area of the project is invested in the landscape, the green system aims to open up a fresh living space, reaching the target for the entire population, Access to all documents contributing to valuable living purposes Full utilities: with a diverse utility system capable of meeting all the living needs of residents, from healthcare, educationGetUnlimitedtoentertainment, DownloadsVinhomes real estate projects are definitely built building a comprehensive life for the co-civilization that lives and will live here - Location strength of Vinhomes Green Ha Long Improve your grades Ha Long can be said to be one of the most famous tourist areas in the country, where there are many beautiful landscapes that attract you to visit and travel all year round As a result, the region's economy is also growing rapidly Vingroup took advantage of this opportunity and together with Vinhomes Green Ha Long built a 5-star apartment project with a beautiful location and design to attr adctmany customers Vinhomes Green Uplo Ha Long project is a new model of the city, unique n attractive to customers Share your documents to unlock 2.2 Elements of zoning planning of Vinhomes Ha Long Xanh Vinhomes Green Ha Long is a project located in the "pearl center" of Ha Long city when it is located right near the tourist seaport, adjacent to the inter-engineering center of Quang Ninh province and many key departments This is an extremely convenient location for economic trade as well as easy todvlop tourism, cooperate with domestic and foreign travel agencies With the criterion of bringing a special mark, luxurious architecture and Free Trial Get 30 days of free Premium the most luxurious living amenities, Vingroup is expected to create an urban area with the most impressive and unique design dedicated to the future residents of the project Location of Vinhomes Ha Long Xanh Project According to the plan, Vinhomes Ha Long Xanh urban area will be divided into main development areas located inAlready HaLong cityPremium?andQuangLogYen town,in including: Dai Yen area, Ha Long city, Hoang Tan , Ha An, Quang Yen town Located in a strategic position of Quang Yen town and Ha Long city with a favorable position facing the back of Ha Long Bay The Ha Long Green Complex Urban Area or Vinhomes Green Ha Long project has a total area of about 9,500 hectares along the Ha Long - Hai Phong highway Planning face – Design Vinhomes Ha Long Xanh Ha Long Green Complex Urban Area is invested by Vingroup, planned on an area of about 9,500ha: of which the land part is 6232.6ha, the rest is the water surface Accordingly, Vinhomes Ha Long Xanh urban area is a special multi-purpose complex with a modern coastal urban identity, including high-class resort subdivisions, fitness and sports centers, and commercial services, golf course and science park, associated with eco-resorts and services of international stature, is the driving force in the process of urban development of Quang Ninh and the center of regional economic development The design ground of Vinhomes Green Ha Long will be a green urban area with a modern and synchronous development orientation, paying attention to the conservation of traditional historical and cultural relics, taking advantage of the exploitation of landscape elements Natural water surface and system of rivers, lakes and canals are designed and arranged in a harmonious and synchronous manner in terms of technical infrastructure and landscape architecture in accordance with the regional development orientation At the same time, synchronously in terms of technical and social infrastructure, meeting the needs of residents in the area and developing tourism infrastructure according to the general construction planning of Quang Yen town and Ha Long city 2.3 Macro-environment factors affecting the project Legal Regulations highlighting in legal documents Vinhomes Ha Long Xanh Ha Long Xanh complex has an active and large construction scale With the Symenserumer planning up to 7477.28ha Expected permanent population until 2035 - when the project is completed about 272,793 people Vinhomes Ha Long Xanh project is divided into phases Construction will commence in 2020, start handing over phase in 2021 Finish handing over all items of the project in 2036 Legally, Vinhomes Ha Long Xanh, customers can officially own very early production projects Therefore, investment from today should be decided quickly According to the planning approval document, Vinhomes Ha Long Xanh will be built in the direction of a multi-functional area Build a modern coastal urban area, combine with eco-resort and develop world-class tourism services In particular, focus on developing a green urban model, paying attention to the conservation of historical media texts Exploiting special priority points such as geographical location, natural water landscape, to synchronously build technical and social infrastructure to meet the needs of people in the planned area Economy: Gross domestic product (GDP) in the third quarter of 2020 was estimated to increase by 2.62% over the same period last year, which is the lowest increase of the third quarter of the year in the period 2011-2020 The Covid-19 epidemic was strictly controlled, and the economy gradually returned to normal activities, so GDP in the third quarter of 2020 prospered compared to the second quarter of 2020 According to the financial magazine the information agency of the Ministry of Finance, GDP in the first months of 2020 grew by 1.81% Particularly, GDP in the second quarter of 2020, estimated to increase by 0.36% over the same period last year, is the lowest increase of the second quarter of the year in the period 2011-2020 The reason is that the second quarter of 2020 was the hardest hit by the COVID-19 epidemic when the Government strongly directed the implementation of solutions to social distancing; Prime Minister and efforts of all levels, branches, localities, business community and people nationwide The brand that is evaluated and voted by experts as a 'golden guarantee' in the current real estate market is Vinhomes In 2020, before the serious effects of the Covid epidemic, this investor still retains its position as the leading real estate developer in Vietnam with a profit of up to 37,000 billion (before tax), an increase of 25% over the same period last year Real estate business Vinhomes is also the only real estate company honored by Forbes and in the Top leading brands in Vietnam Social: Housing is an important basic human need Housing market in the past few years, due to factors of population size, development conditions, housing demand is increasing Therefore, real estate brands in the housing sector were born to meet that increasing demand Each market segment is tapped to serve Realizing that the economy is growing strongly, people's income is increasing, forming the "economically qualified" class, leading to an increase in the demand for quality housing, with strict and demanding requirements more than Therefore, Vinhomes of Vingroup develops a luxurious, modern and classy housing system with unmatched quality and perfect service in a "strategic breakthrough" method Technology Vinhomes' projects are well-planned, reasonably designed apartments, thoughtful after-sales, so they always receive high appreciation from customers But it would be remiss not to mention the advanced construction technologies that create the value of Vinhomes' brand - Top-down technology: time advantage Top-down (top-down) is a technology of constructing the underground part of a house by a top-down method, which is different from the traditional method: construction from the bottom up The advantage of this construction technology is the fast construction progress: while the foundation and basement are working, it is still possible to the upper part at the same time to save time, unlike the traditional method: construction from the bottom Up, the foundation and the basement must be completed to proceed with the construction of the upper part - Unique materials save energy In Vinhomes projects, investors also use unique materials to put into construction The first is Low-E glass, which is coated on the surface of a special compound that helps the This is a preview Do you want full access? Go Premium and unlock all 18 pages glass have the feature of slow heat emission, reducing the dispersion, absorbing heat slowly and slowing down the transmission process heat but still ensure the brightness in the room This affirms the preeminent features of the green Vinhomes Ha Long apartment product, Access to all documents helping to keep the rooms warm in winter and cool in summer, special features suitable for construction projects in the area The area has a tropical monsoon climate like in Vietnam and thereby, minimizes the costGetof UnlimitedairconditioningDownloadsitheroom while maintaining the maximum brightness and aesthetics Improve your grades Environment The "green revolution" - The trend of "green living" at the green Vinhomes Ha Long project: The trend of "green living" has become a worldwide trend In recent years, the environment hasUploadbeenincreasingly destroyed, air pollution has reached its peak, directly affecting the health and life of people Every day, on articles, reports, and Share your documents to unlock bulletin boards, it is not difficult for us to read news about climate change, air quality below safety standards According to the World Health Organization (WHO), up to 92% of the world's population lives in places where air quality is below standards It is not natural that people call air pollution the "silent killer" Prolonged pollution can lead to respiratory symptoms, affecting the body's circulatory system According to the State of the World Air 2020 report, up to million deaths per year are related to respiratory Free Trial Get 30 days of free Premium diseases More worryingly, air pollution also creates favorable conditions for the raging SARS-COV-2 pandemic With the motto of taking people as the focus of development, Vingroup has invested heavily in building the green Vinhomes Ha Long project - possessing all the elements to meet a green standard life for Alreadyresidents theecosystem,LogHugein landscape that hardly any project has withPremium? Ha Long Bay is considered one of the natural wonders of the world and is an extremely popular tourist destination This is one of the tourist destinations that many customers choose to come to relax every year Choosing to invest in real estate projects, customers can diversify more types of apartments or hotels for rent Appraisal market of the project: 3.1 Product information The Vinhomes Ha Long Xanh complex is one of the largest urban development projects in Quang Ninh in recent years and affects two areas with the most dynamic development rates in the province The project investor is a consortium of Vingroup and Vinhomes Joint Stock Company - one of the leading investors in Vietnam in the field of urban development Overview of the complex project Ha Long Xanh Location of the Green Ha Long urban area project Vinhomes Green Ha Long Complex project owns a prime location that is attracting great attention from real estate investors across the country, specifically adjacent to: - The North borders - Hai Phong highway The West borders - Chanh River The East and South - Hot River and Ha Long Bay Project detail Project name Location Main Investor Total investment Land Products Amount Product Legal Start Complete Vinhomes Green Ha Long Xanh Quang Yen Town, Quang Ninh Province VinGroup 232.369 billion VND/10 billon USD 4.109,64 Apartments, Shophouse, Villas and townhouses 55.300 house House ownership certificate 2021 Estimate 2036 Product lines of the complex project Ha Long Xanh Commercial and service shophouse Shophouse is one of the important highlights of the Green Ha Long project Shophouses here are designed to be very flexible so that homeowners can both use them as a place to live and easily business Shophouse Vinhomes Green Ha Long is located in a large population of the project, thus providing residents with easy connection to experience all the convenient services of the urban area Because this product brings high profitability to investors in the future, Shophouses are always sought after by real estate investors Villa Vinhomes Green Ha Long Also located in the project complex, Ha Long Xanh resort villas have a completely different lifestyle As the most modern architecture with 5-star standard equipment, here residents will feel like they are on vacation at first-class resorts What's more wonderful when you just open the door and walk in and see the whole romantic Ha Long Bay, beautiful lakeside roads and cool fresh air to help residents enjoy a rare life Vinhomes Ha Long Green Apartment In addition to villas and Shophouse, the investor also offers customers apartments with different areas from to bedrooms This will meet all the needs of the residents Vinhomes Ha Long Xanh apartment is located on both sides of the river, bringing a fresh and cool atmosphere Wherever you are, every apartment has a beautiful view, receiving light and cool breeze from the sea This is the ideal living space for any family Adjacent house Vinhomes Green Ha Long At Vinhomes Ha Long Xanh, the investor has brought to the market a large number of townhouses with beautiful locations and diverse areas Each adjacent apartment is closely related to each other and has similarities with the garden house model The adjacent house Vinhomes Ha Long Xanh is designed in a split-level style to make the space spacious, airy and full of light The outside part is decorated with an elegant and sophisticated exterior, harmonious layout Utilities available at Ha Long Xanh complex project Vinhomes Ha Long Xanh project was built with a large-scale vision and commensurate with the core area of a tourist city, promising to become a tourist wonder along with the world wonder of the bay International Conference and Conference Center Urban Administration Center Hotels, tourism resorts High-class play area combined with resort Amusement Park – VAP Sports Park High-rise office, commercial, apartment complex Schools This is a preview Do you want full access? Go Premium and unlock all 18 pages - Hospital Design of project Ha Long Xanh Access to all documents Vinhomes Ha Long Xanh is a luxuriously designed project and is especially suitable for Feng Shui Most of Vingroup's apartment designs in general always bring luxury and are characterized by neoclassical EuropeanGetUnlimistylethatedbringsDownloadsluxuryto the apartment Vinhomes Green Bay Me Tri is not an exception to those criteria, even the beautiful location overlooking Ha Long Bay is alsoImproveabigplusyourforthisgradesproject With the advantage of being close to the river, most of the doors of the apartments are facing the sea, receiving most of the natural light and wind from the fresh ecological environment In addition, water is an important element in Feng Shui to bring prosperity and health to the people 3.2 Supply and demand Upload Share your documents to unlock a Supply The project has a total investment of up to 232,369 billion VND (about 10 billion USD), on an area of 4110 hectares with two subdivisions: Subdivision 1: Quang Yen Town: 3,186 ha, Division 2: City Ha Long: 923.64 providing various types of real estate such as villas, townhouses, shophouses, apartments, 5-star hotels The number of houses, apartments and vila is about 55.300 houses Wtha wide range of services on such a wide area, it can be sure of the supply of the project for a variety of requests from customers Free Trial Get 30 days of free Premium who want to buy, rent, resort, hotel, b Demand With the rapid urbanization process, people's income is increasing, leading to an increase in the demand for shopping and entertainment Therefore, the demand for business premises is also maintainedAlreadyatapositivePremium?level.Inparticular,Login shophouse is the type that attracts the special attention of buyers Shophouses located in urban areas are well-planned, synchronous in terms of infrastructure and especially possessing a beautiful location, which will bring special advantages to business households and investors With the location of the "pearl heart" of Ha Long city, the business households of Vinhomes Ha Long can access the large residential community of the project In addition, Ha Long Bay is considered as one of the new natural wonders of the world, always in the top places with the largest number of tourists in Vietnam Tourists come here not only for relaxation but also for shopping, dining, entertainment, etc Therefore, shophouse owners can take advantage of the premises to their own business or rent it out to earn quick and sustainable profits Besides, one side of Vinhomes Dragon Bay is adjacent to the sea, so international yachts can move here conveniently At the same time, tourists can easily move to the urban area from Van Don airport These factors contribute to opening up perfect business opportunities for residents and investors Therefore, right from the beginning of sale, Vinhomes Ha Long commercial townhouse has created a fever in the real estate market with 3-in-1 benefits: settling down, business investment and leasing ground Shophouses located in sub-areas of Phu Gia, Hoang Gia and My Gia are granted permanent red books by the owner, which is an indirect commitment of the investment capital contributor to the expected and sustainable value of benefits is the "goose that lays golden eggs" for the real estate business in Ha Long Moreover, Vinhomes Ha Long Xanh is built into a multi-functional complex, eco-tourism resort with a unique 5-star utility chain They are: administrative center, convention center, international conference, commercial and service area, hotel and resort, sports park, amusement park, school, hospital, There are everything services in an area considered the heart of Ha Long, the project is guaranteed to be interested and desired by many people With a population of about 300,267 (2019) and the number of tourists reaching 4.4 million (2019) and still growing There is no doubt that the project can ensure abundant demand 3.3 The Market and target customers a The Market It can be seen that the real estate industry, travel and resort services in Vietnam have been developing extremely strongly in recent years Accompanying this development is the continuous investment in construction of resorts by corporations such as VinGroup, Sun Group, and many other small projects The growth in service quality can also be seen clearly as more and more foreigners choose Vietnam as a resort destination and have a high level of satisfaction The government and the state are also very interested in developing the tourism industry and regularly make large policies and investments to develop this aspect From those favorable conditions, it is possible that the Vietnamese market in general is completely favorable to the project But it comes with a fierce competition from other big and small competitors With a city that is developing strongly in terms of population and economy like Ha Long in particular or Quang Ninh in particular, it can be said that the project has a large number of people interested because it will provide a large amount of quality housing high quality with modern utility services for people settling in this area With the economic development from tourism and industrial services, the income of the people here is ranked among the top in Vietnam, so when a high-quality real estate project appears in their own hometown, they will not hesitate to invest Moreover, Ha Long is also a livable city with a world-class tourist complex Ha Long Bay, many people across the country and even abroad will have the desire to own an apartment for convenience travel and resort With its geographical location near the sea and Vin's reputation in the hotel segment, it is not surprising that the project can completely beat existing competitors and rise to become the number one choice of tourists on their trip they went to Quang Ninh However, for Ha Long city in particular, which is the top destination in the country, the number of luxury accommodation establishments of Ha Long is only "counting on the fingers" The lack of 5-star resort services becomes even more "paradoxical" when compared to the rapid development of local transport infrastructure in recent years If the real estate market is cooling down due to the Covid-19 epidemic, the resort real estate market is considered to have many bright spots Currently, Ha Long and Quang Ninh have a synchronously developed transportation and social infrastructure system This is leverage for the Ha Long real estate market, especially the resort segment Considered by experts as a long-distance investment channel, resort real estate is more dominant during the Covid-19 era than land investment Although tourism is a heavily affected sector, investors in the resort real estate market are not necessarily affected Reasons why Ha Long resort real estate have the potential to exploit and develop: Firstly, Covid-19 is only a short-term impact While Quang Ninh tourism and Ha Long's attraction to domestic and international tourists are unquestionable Having a solid foundation, the Covid-19 epidemic can only affect the current profitability When the epidemic is under control, it is also time to eliminate the risk Secondly, the resort real estate projects in Ha Long and Quang Ninh are mostly in the stage of implementation and completion It will take some time to start working Therefore, right now the number of visitors to Ha Long more or less has not had a great impact on the "pocket of money" of investors Third, the land fund for resort real estate development is extremely limited and scarce While the room for development is extremely large Owning resort real estate at this time is an opportunity for investors to benefit greatly from rising real estate prices in the future b Target customers Based on the structure of the project, it can be seen that most of the target customers of Vinhomes Ha Long Xanh are tourists to Ha Long, both Vietnamese and foreigners And because the service facilities provided are from stars, surely the customer must be a person with a high or above average income As for housing, villas, hospitals, schools, etc., the project is likely to target high-income families living in Quang Ninh or surrounding areas Those who want to buy and then lease back are also potential customers because this trend is gradually emerging in the investment field This is a preview Do you want full access? Go Premium and unlock all 18 pages 3.4 Marketing and Competitiveness As we all know, the project belongs to Vin Group, the largest real estate enterprise in Vietnam with projects that haveAccessbeentoimplementedalldocumentsandcompleted before with great success, such as Vin home projects (RiverSide, TimeCity, Royal City, ), Vin Pearl (Hoi An, Phu Quoc, Da Nang, Can Tho, ), Vin Come (in many provinces in Vietnam) With a Get Unlimited Downloads wealth of experience and successes achieved along with the outstanding development of Vin Group, their sales system can be considered the number one in Vietnam, with a professional and seasoned teaImprove.Experienced,yourgradeswell-trained in sales skills, customer approach, marketing, market research, The business plans of Vin Group in general and Vin Homes in particular have success rates high with high sales volume Most of Vin's real estate projects are sold out before even being completed According to Vingroup, 28,200 products were sold in 2020 and 54,100 products were handed over Upload Potential strength is also another oortunityof Vingroup For the Vietnamese market, especially in the field of Real Estate and Trade - Services, there are few businesses that possess such strong potential as ShareVingroupyour.Therefordocuments,in toheunlprocessk of development and expansion, Vingroup will be further away from its competitors in the same field It can be said that Vin is the first choice of any citizen considering to own a property in any city Vin's market share in Vietnam's real estate market is therefore very large compared to other major competitors such as Ecopark, Novaland, Hung Thinh,… Free Trial With the current economic potential ofthe Vietnamese people, legal, political and social conditions, it is completely feasible for the Vinhomes Ha Long project to be implemented and earn a significant profit According Get30todaysexperts,offreethePremiumprojectis completely feasible when it has been appraised for many years, passed through many departments from the locality and then submitted to the central ministries In the end, after all, that is the reputation of the investor Vingroup This is the largest private enterprise in Vietnam and also the leading prestigious company in the real estate field The projects implemented by Vingroup are the guarantee for the success andAlrdevelopmentadyPremium?ofthelocalityLog.Thisin has had a huge impact on the regional real estate market 4 The technology of the project: 4.1 Location The Vinhomes Ha Long Xanh urban area project owns a unique location that is having a great attraction in the real estate market, specifically adjacent to: ● The North is Ha Long - Hai Phong Expressway ● To the west is the Chanh River ● East and south borders Hot River and Ha Long Bay 4.1.1 The suitability of the location Construction planning of the local architecture industry: Located in the position of the mountain overlooking the river, facing the sea, the land fully converges the elements that promise to become a new symbol of Ha Long City in particular and the whole Quang Ninh province Quang Yen town is adjacent to Thuy Nguyen district via Rung ferry, the investor of Ha Long Xanh urban area is also deploying a US$1 billion theme park called VinWonders Vu Yen on Vu Yen island, Hai Phong city With this development advantage, the project contributes to the formation of an ideal ecosystem to settle down, relax, entertain, and experience the culture and national identity, conserve natural resources and synchronize technical and social infrastructure Appraise: the project meets the accommodation needs of the area's residents, and develops tourism infrastructure according to the general plan, building Quang Yen town and Ha Long city into holiday destinations Vietnam's leading healthcare ⇒ The location is suitable for carrying out investment projects with the National Environmental Protection Strategy, the National Environmental Protection Master Plan, the environmental protection content in the regional planning, the provincial planning and other plannings that have related to 4.1.2 Natural condition The design of bungalows and villas is arranged in harmony with nature, river and sea views along with tropical climate and cool space 4.1.3 Area scale Land use scale: 4,109.64 ha, of which • Area in Quang Yen Town: 3,186 This is a preview Do you want full access? Go Premium and unlock all 18 pages • • Area in Ha Long City: 923.64 Quantity: 55,300 units (houses) 1,378ha for investment in buildingAccessacomplextoall documentsofhousingworks combined with public services, including, it is expected that the need to change the use purpose of rice land is 151.68 ha, protection forest landGetis70Unlimited.28ha Downloads 4.1.4 The accessibility to, and availability of, raw material sources grades Improve your Take advantage of the exploitation of natural water surface landscape elements and the system of rivers, lakes, canals, which are designed and arranged in a harmonious and synchronous manner in terms of technical infrastructure and landscape architecture in accordance with the regional development orientation Appraisal: Ensure environmental protection, take advantage of natural supply Transport advantages: In particular,Uploadtheadvantage of being located near the Hai Phong Ha Long Expressway is an important trade axis connecting the key provinces of the Share your documents to unlock Northern region, all residents can move more easily, enjoy Enjoy high-class services without any problems Moreover, in the near future, the Cam Pha - Ha Long sea border will also be completed, along with the highway tunnel project across Cua Luc bay which is also being implemented, which will create an extreme traffic network convenient period to connect the nuclear cities in the area Free Trial Get 30 days of free Premium => Convenience in supply → reduce the total cost of transporting raw materials and fuel to the site According to updated information from Google Map, from Vinhomes Ha Long Xanh, it is easy to move to: • Yen Hung High SchooAlready,formerlyPremium?adistrict,ThanhLogNiein Road, zone 12, Quang Yen ward (formerly a town, Yen Hung, Quang Ninh, Vietnam: 350m UBND Quang Yen Ward, formerly huy33j, Ngo Quyen, formerly a town, Yen Hung, Quang Ninh, Vietnam: 600m • Electricity of Quang Yen Town, 82 Tran Khanh Du, TT Quang Yen, Yen Hung, Quang Ninh, Vietnam: 650m • Quang Yen Town Post Office, 36 Tran Khanh Du, TT Quang Yen, Yen Hung, Quang Ninh, Vietnam: 750m • Rung Ferry, Nam Hoa, Tx Quang Yen, Quang Ninh, Vietnam: 1.4km • Ha Nam Island, Tx Quang Yen, Quang Ninh, Vietnam: 5.1km • Hoang Tan Island, Tx Quang Yen, Quang Ninh, Vietnam: 14.1km • Vu Yen Island, Thuy Trieu, Thuy Nguyen, Hai Phong, Vietnam: 19.7km • • Tuan Chau Island, Tuan Chau, City Ha Long, Quang Ninh, Vietnam: 26.2km • Center of Ha Long City, Quang Ninh, Vietnam: 28.7km 4.2 Investment form Investment in capital contribution, share purchase, purchase of contributed capital: Vinhomes through the establishment of a joint venture with Vingroup (Vinhomes' parent company) to jointly be the project investor This joint venture will contribute capital at least 15% of the total project investment or other minimum required by the State; In which, Vinhomes alone contributes at least 70% of the joint venture's cash (about billion USD) Total investment capital: 232,369 billion VND (about 10 billion USD) Appraisal: Reasonable investment and reliable capital because Vinhomes has been honored by BCI Asia Awards 2022 as the Top 10 Leading Real Estate Developers in Vietnam in 2022 4.3 Technology, facilities: Vinhomes Ha Long Xanh with modern water treatment technology combined with a system to prevent mud and soil from entering the sea, brings a fresh and cool atmosphere, an ideal environment for the generation of residents living here From a system of modern apartments and urban areas, developed by a reputable investor, Vingroup, the project inherits and promotes all construction and management experience from this group Technology and equipment lines: The synchronous equipment line including mixing plant and SANY concrete mixer truck distributed by TCE is being put into operation, helping to speed up the construction progress at the project Standard for handing over furniture of Vinhomes Sapphire apartment in Ha Long (minimum) announced by Vinhomes investor as follows: • The floor of the rooms is tiled with ceramic tiles, the bedroom is tiled with industrial wood • Gypsum ceiling, water paint • Bathroom walls are tiled with ceramic tiles, other rooms are painted with layers of water • Windows equipped with safety glass and powder coated aluminum frame; Main doors and room dividers use fireproof industrial wood • The apartment has full sanitary equipment (toilet, standing shower, lavabo) and electrical equipment (internet, cable TV) • Intercom system (doorbell connects to the 1st floor and basement) • In addition, Vinhomes Sapphire apartments also have a basic package, which is handed over a kitchen, hot water tank and 2-way multi-air conditioner However, both of these standard packages not include cabinets, beds, dining tables and other furniture so that customers can freely design the apartment in their personal style Details of utilities Vinhomes Ha Long Xanh Vinhomes welcome gate, pedestrian street, parking lot, art flower garden, art stone bench • • • Green tree basin, central square, art tree carpet, rivers and lakes Children's playground, sports ground, fitness area, community connection area Fountain, relaxation area, green park, air-conditioning lake Service store cafe, Shopping Vincom - Vinmart Vinmec hospital, polyclinic, Spa - Massage area, • Customer service center, housekeeping service, housekeeping, food ordering service • • • • Experienced management team operating the largest and most classy urban areas • • Technical repair service, taxi service, office service, maintenance service Security staff, 24/24 surveillance camera security system Appraisal the suitability of technology and equipment selected by the project: • • • • • Technology suitable for current technology level Capable of meeting capital Suitable for project capacity Suitable for input materials of the project Conformity of technology with current level of labor and management The future of the project: 5.1 The potential of the project: The potential of the project is evaluated by factors, which are demand, position, price level and utilities Firstly, about the project demand, the model of satellite cities is the trend of zoning in the developed countries The apartment projects are built in the suburbs And Vietnam is no exception For example, Phu My Hung (Ho Chi Minh City) or Ecopark (Hanoi) are one of the most successful projects which tend to the model of satellite cities However, nowadays, the land in Hanoi and Ho Chi Minh City, which has been exploited approximately 80% to 90%, is almost exhausted The trend of building in satellite cities has moved to other potential provinces such as Quang Ninh As mentioned, Quang Ninh is proved that it meets the requirement of developing the investment projects and also the tourism potential The extremely unique location of Vinhomes Ha Long Xanh is a place that is having great attraction in the real estate market The project is located at the heart of "Dragon Land", the terrain of the land "back against the mountain - face towards Ha Long Bay", this place fully converges the preeminent quintessence and will surely become a symbol new Ha Long city Moreover, with the advantage of being close to the Hai Phong - Ha Long highway, all residents and visitors can easily move to Vinhomes Ha Long Xanh to enjoy world-class services without any difficulties Secondly, about the price level, both the income and the living standard of Vietnamese is becoming increasing and increasing, therefore, it is common that individuals own a lot of real estate Owning real estate which has sea views is an existing demand Besides, the This is a preview Do you want full access? Go Premium and unlock all 18 pages client files are good enough for successful projects In fact, the price of each Vinhomes’s apartment is often from 40-60 million per square meter It is a reasonable price because of the convenience such as close to tourist destinations, full of utilities and the potential that Access to all documents projects can have Next, about the utilities, Vinhomes Ha Long Xanh inherits the ecosystem of four diamond Get Unlimited Downloads pillars like Vinhome - Vincom - Vinmec – Vinschool It is believed that Vinhomes Ha Long Xanh complex will become a new economic - cultural - tourist center of the whole Quang Ninh province Improve your grades 5.2 The competitiveness of the project: First of all, the immanent of Vinhomes Ha Long Xanh such as money, capital or dividends, Vingroup has no industry competitors and the capacity of product supply is almost perfect because the owner ofVingroup is Pham Nhat Vuong – a businessman and also a billionaire of Vietnam and the capitalization of Vingroup is close to 200.000 billion Upload VND Share your documents to unlock Besides, there are a large number of projects which are already under construction in Quang Ninh such as Ha Long Bay View, The Sapphire Ha Long or Grand Bay Villas The common point of these projects is the attractive prices For example, the Ha Long Bay View project e has a price of 32 million per square m ter Consequently, customers will have more choices and of course, they will prioritizeFrapartmentseTrialwithmore affordable prices which can be a challenge for Vinhomes Ha Long Xanh Get 30 days of free Premium Furthermore, customers can fully own land in Quang Ninh because the vacant land fund still has a lot (approximately 9800 ha) This forces the Vinhomes project to have a standout so that it can attract customers better And another thing that affects the competitiveness of this project is in Quang Ninh, local people make up the majority However, their tendency is to build their own house inAlready thtraditionalPremium?style.Therefore,Loginit is quite difficult to change views and ways of life, forcing Vinhomes Ha Long Xanh project to diversify its customers In general, Vinhomes Ha Long Xanh is a potential project in the future and will become a convergence of the quintessence of Quang Ninh