Trend of sustainability remains driver of real estate industry

The trend of sustainability will continue to be a driver of Vietnam’s real estate industry, heard a workshop on April 7.
Trend of sustainability remains driver of real estate industry ảnh 1The Green One UN House in Vietnam (Photo: VNA)
HCM City (VNA) – Thetrend of sustainability will continue to be a driver of Vietnam’s real estate industry,heard a workshop on April 7.

Participants in the eventdiscussed the development of green, energy-efficient, and resource-saving buildings,which is currently one of the priorities in the global construction sector.

Paul Fisher, country head of realestate services firm JLL Vietnam, said it is encouraging that the widevaccination coverage and the complete border reopening after two years haveopened up new opportunities for economic development in 2022.

Vietnam is now highly attractiveto investors who are seeking transactions here, he said, noting that the trendof sustainability will remain a driver for the local real estate industry.

Nguyen Cong Thinh, DeputyDirector of the Science - Technology and Environment Department at the Ministryof Construction, said the country committed to cut down greenhouse gasemissions by 9 percent with domestic efforts, and the reduction rate couldreach 27 percent with the support of international organisations throughnationally determined contributions.

He added those commitments arebeing realised through the implementation of many policies, including thenational green growth strategy and the national energy efficiency programme for2019 - 2030. Besides, the development of energy efficient and green buildings isalso being encouraged as seen in the law amending and supplementing somearticles of the 2020 Construction Law and the Government’s Decree No.15/2021/ND-CP on managing construction investment projects.

Thinh said to facilitateefficient energy use and green buildings, the Construction Ministry has also beenengaging in many cooperation activities with international agencies andorganisations like the Danish Government, UNDP, the International FinanceCorporation (IFC) of the World Bank Group, the German Agency for InternationalCooperation (GIZ), and the British Embassy.

At COP26 in late 2021,Vietnam pledged to achieve net zero emissions by 2050./.
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