BIDV Hanoi Partners in the Development of the Alphora Mường Hoa Sapa International Resort Complex
Implementing the comprehensive cooperation agreement for the 2026–2030 period between the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and Alphanam Group, recently in Hanoi, BIDV Hanoi Branch and Muong Hoa Cultural Park Investment Joint Stock Company (a subsidiary of Alphanam Group) held a signing ceremony for a cooperation agreement to provide personal loans for real estate purchases at the Muong Hoa Urban Area Project in Sa Pa.
A strategic partnership to promote luxury tourism in Sa Pa
Located in Mường Hoa Valley, Sa Pa, Lao Cai, the Alphora Muong Hoa International Resort Complex—where the beauty of nature, the sky, and cultural identity blend harmoniously into a complete, world-class experience—spans an area of up to 83 hectares. The project boasts a strategic location adjacent to Provincial Road 152 and benefits from the Sa Pa International Airport master plan. From the project, visitors can easily access the center of Sa Pa and famous attractions such as Lao Chai, Ta Van, Cat Cat,… while also having convenient access to major transportation routes such as the Noi Bai–Lao Cai Expressway and the Hanoi–Lao Cai–Hai Phong railway.
A testament to the potential of Alphora Muong Hoa
With the convergence of leading global hotel management and operation brands such as InterContinental, Accor, and Marriott, the Alphora Muong Hoa International Resort Complex is regarded as a distinctive resort icon, offering premier resort experiences in Northern Vietnam. The project complex, with a total investment of approximately 5,000 billion VND for the two projects—The Residences at InterContinental Sapa Resort and the InterContinental Sapa Resort—within the Alphora Muong Hoa International Resort Complex, has garnered the attention of BIDV’s leadership. They directed a thorough assessment and evaluation of its development potential before approving a maximum financing limit of 2,300 billion VND.
Speaking at the signing ceremony, Mr. Nguyen Minh Nhat – Vice Chairman of the Board of Directors and CEO of Alphanam Group, and General Director of Muong Hoa Cultural Park Investment Joint Stock Company, highly commended the cooperation and efforts of the BIDV Hanoi staff over the past period. As a result, just 20 days after signing the comprehensive cooperation agreement, the two parties reached an agreement and signed the Loan Cooperation Agreement for individual customers purchasing real estate in the Muong Hoa Sa Pa Urban Area Project. This initiative creates opportunities for many customers to own and experience a full, high-class lifestyle amidst the nature and culture of the Alphora Muong Hoa International Resort Complex.
On behalf of BIDV, Mr. Nguyen Dinh Duong – Director of BIDV Hanoi Branch – also affirmed that the signed Cooperation Agreement marks an important milestone, reaffirming the strategic, comprehensive, and long-term partnership between BIDV Hanoi, Alphanam Group in general, and Muong Hoa Cultural Park Investment Joint Stock Company in particular. Building on the strengths of each party, the two entities are committed to working together effectively to deliver tangible added value to customers and make positive contributions to economic and social development.
The partnership between BIDV Hanoi and Alphanam: Affirming a comprehensive cooperative relationship
According to economic experts, over the next 10 years, the Alphora Muong Hoa International Resort Complex is expected to become an internationally renowned destination, leading the trend of nature-based tourism, cultural experiences, and the development of mountain real estate. An Alphanam representative noted that the selection of the InterContinental brand—a hotel brand established in 1946 and synonymous with global connectivity—reflects the vision to elevate Sa Pa to an international level, making it a global destination while bringing the world closer to Sa Pa. Therefore, BIDV’s participation as the project’s lead financier, alongside international operators during implementation, is a crucial foundation for ensuring development quality meets global standards, while also contributing to the completion of a high-end tourism and resort ecosystem in Sa Pa and the economic development of the Northwest region of the country.
