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Moving toward a green real estate market

(02:02:39 PM, 15/09/2017)

Vietnam call for enterprises to join hands to develop green buildings

Green real estate, green buildings are not popular, but it can not deny the advantages of this segment in the real estate market in Vietnam.

*Realistic benefits

"Green property", "green environment", "green architecture solution", "green building", or "sustainable architecture" are gradually known as the indispensable option to cope with urbanization today. Experience from many countries in the world show that green buildings - green architecture is one of the solutions to adapt to climate change and reduce greenhouse gas emissions and deal with the habitat of the residents.

When meeting the critical criteria of green building, the residents will enjoy benefits such as an increase of 3-5% of the labor productivity; reduce the risk of disease and improve the health; reduce 30-50% of water and man-made energy resources, thereby reducing greenhouse gas emissions; 10-15% reduction of operation and maintenance costs; increase value, sustainability and longevity.

On the other hand, green buildings’ operation also contribute significantly to the process of urban development such as mitigating social impact, creating a sustainable living environment, changing and adjusting infrastructure, promoting image of the city, attracting foreign investment, developing tourism economy.

*Inevitable trend

  Vietnam is one of the most affected countries due to climate change and sea level rise. Building green buildings and sustainable green property development are urgent needs to respond to the rapid climate change challenges.

The Green Building Development Conference in the context of climate change in Vietnam is in the framework of implementing a five-year work plan (2017-2022) for the Green Building and Sustainable Development Program. The objective is to attract domestic and foreign enterprises to develop green buildings nationwide.

One of the successes in the workshop was that 6 representatives of the developer groups signed an agreement to connect the Green Building Developer Association with the Vietnam Real Estate Association. This is an activity that shows the cooperation of enterprises for the development of green buildings in Vietnam.

Establishment of green real estate market

Vietnam Real Estate Association has built an action plan for the next 5 years with the aim of building a green real estate market in Vietnam. At the kick-off workshop for the program held in May, the program received the enthusiastic support and participation of the real estate community and society.

The Ministry of Construction advised the Government to set up facilities and standards for Green Buildings. At the same time, Vietnam's Green Building Standards mainly focus on climate change and rational scale selection, use natural energy sources such as wind energy, solar energy and environmentally friendly materials.

Representatives of enterprises proposed to the Government and relevant ministries that management agencies should issue green building incentives to persuade investors such as incentives in terms of finance, land, loans, taxes and administrative procedures.

Khanh An