Vietnam’s real estate sector is increasingly adopting green-certified projects in support of the country’s net-zero 2050 target. As of 2024, Vietnam had 559 green buildings covering 13.6 million square meters, with certifications such as LEED, EDGE, and LOTUS being the most common. However, the country still trails regional leaders like Singapore in green adoption. Experts note that while environmental sustainability is gaining traction, broader ESG (Environmental, Social, Governance) implementation remains challenging due to inconsistent regulations, lengthy approval processes, and high upfront costs. Green construction techniques, sustainable materials, and certification assessments contribute to a 5–15% increase in development expenses, discouraging some developers. Access to green financing, including green bonds, also remains limited. Despite these challenges, momentum is building. In 2024, green buildings in Vietnam rose by over 200% year-on-year, driven by rising investor interest, regulatory pressure, and growing awareness of environmental and health benefits. Domestic companies are increasingly prioritizing sustainability alongside global corporations, especially as larger firms push for emissions targets by 2030. Older buildings in Hanoi and HCMC are being renovated to meet green standards, while new projects are integrating sustainability from the outset. Although green-certified buildings cost more upfront, they deliver long-term value through energy savings, reduced operational costs, and higher occupancy rates—over 90% in HCMC—underscoring their growing market competitiveness. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News