Practice report topic appraisal of project vinhome ocean bank ha long xanh

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 Natura

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"

1 Who is the approved and appraisal project?

The total investment of the project is about 165,104 billion VND (equivalent to more than

7 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 1 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

2 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

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, contributing to valuable living purposes

Full utilities: with a diverse utility system capable of meeting all the living needs of residents, from healthcare, education to entertainment, Vinhomes 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

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 attract many customers Vinhomes Green Ha Long project is a new model of the city, unique and attractive to customers

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 to develop tourism, cooperate with domestic and foreign travel agencies With the criterion of bringing a special mark, luxurious architecture and 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 3 main development areas located in Ha Long city and Quang Yen town, 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

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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 5 phases Construction will commence in

2020, start handing over phase 1 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 6 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 5 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 do 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 2 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

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, 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 cost of air conditioning in the room while maintaining the maximum brightness and aesthetics

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 has been increasingly destroyed, air pollution has reached its peak, directly affecting the health and life of people Every day, on articles, reports, and 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 7 million deaths per year are related to respiratory 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 residents with the ecosystem, Huge landscape that hardly any project has

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

3 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

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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 Vinhomes Green Ha Long Xanh

Location Quang Yen Town, Quang Ninh Province Main Investor VinGroup

Total investment 232.369 billion VND/10 billon USD

Products Apartments, Shophouse, Villas and

townhouses Amount Product 55.300 house

Legal House ownership certificate

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 do 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 1 to 3 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

- Hospital

Design of project Ha Long Xanh

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 European style that brings luxury to the apartment Vinhomes Green Bay Me Tri is not an exception to those criteria, even the beautiful location overlooking Ha Long Bay is also a big plus for this project

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

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 ha 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 With a 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 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 maintained at a positive level In particular, 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 7 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 do 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- -1 benefits: settling down, business investment and leasing ground Shophouses in

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located in 3 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