Great potential and room for development
According to Prof. Dr. Nguyen Mai, currently green FDI is an inevitable investment trend in all industries including real estate. Investment recipient countries are increasingly focusing on promulgating environmental protection policies and minimizing greenhouse gas emissions . FDI has a positive impact on the environment through new energy-saving products, reducing dependence on traditional raw materials and energy, implementing a circular economy, turning waste into raw materials, and prolonging product life cycle.
Multinational companies deploy FDI projects that have spillover effects on domestic companies through the transfer of advanced technology, professional skills and requirements to apply strict environmental standards. .
"On October 1, 2021, the Prime Minister issued Decision No. 1658/QD-TTg, approving the National Strategy on Green Growth for the period 2021 - 2030, vision 2050, setting out orientations and incentive policies Attracting green FDI into processing, manufacturing, converting to ecological enterprises, industrial parks, ecological economic zones, forming urban-industrial and ecological service zones.
FDI enterprises and foreign investors actively respond to the Government's Green Growth Strategy; Many successful models have been implemented in many economic sectors and localities, together with domestic enterprises, creating a trend of building Vietnam's green economy" - Professor, Dr. Nguyen Mai said.
Sharing the same opinion, Mr. Vo Hong Thang - Director of consulting services and project development of DKRA Group said that currently green real estate has gradually become an inevitable development trend not only in Vietnam. but worldwide. These are not simply standards applied to the housing segment but are also applied to a variety of types such as industrial park real estate, offices, resort segments...
At COP26 (the 26th United Nations Framework Convention on Climate Change Conference), Vietnam committed to being a country that achieves net zero emissions by 2050, thereby demonstrating its importance. The State's due attention to environmental protection. The application of green standards in real estate development will gradually become a "necessary condition" in the development of real estate projects.
There are still many barriers when developing green real estate
Talking to reporters from Lao Dong Newspaper, Mr. Vo Hong Thang said that although it is still quite new compared to other countries in the region, the green real estate market in Vietnam is still fertile land for investors. . According to statistics across the country, there are currently only about 233 projects or around 6 million square meters of construction floor space that meet green building criteria.
"This is a modest number that shows that the barriers to green real estate investment across the country are still very large, especially in terms of investment costs, as well as supervision and maintenance work." For example, the application of some popular international green standards today in real estate development such as: LEEDS, EDGE, Green Mark... can contribute to increasing investment costs by 10%. - 15% has caused many green real estate investors to consider when making decisions.
In addition, to be certified as green real estate, the project needs the early participation of the certification consulting unit right from the first steps of design and idea generation. At the same time, it may be necessary to continuously change and adjust throughout the construction and acceptance process so that the project meets the strict standards set forth" - Mr. Vo Hong Thang said.
According to this expert, in order for the green real estate market to quickly transform, it is necessary to have radical solutions from legal regulations. Typically, Article 37 of Decree 35/2022/ND-CP requires: At least 20% of enterprises in industrial parks apply solutions for efficient use of resources and cleaner production to achieve savings. raw materials, materials, water, energy, chemicals, waste, scrap and reducing emissions into the environment, however, to be able to quantify and implement in practice, more specific guidance will be needed. .
Besides, according to Mr. Vo Hong Thang, in addition to solutions on material standards, which are often very strict, investors can still choose a number of green standards to regulate issues related to the layout of utilities. , facing the wind, catching the light, circulating fresh air in the building... not only helps optimize the user experience, but also does not increase investment costs too high, affecting the effectiveness of the project investment. judgment.
