Green Building Newsletter Program conducted by Sen Vang Investment Channel. This is a program to update the information about Green Buildings, Green Finance, Green Furniture and Green Materials in the Real Estate Market of Vietnam. And to start the program, let’s take a look at the main news highlights of this March:
- Diamond Lotus Riverside in the top 5 smart green buildings in 2021
At the ceremony to honor the leading real estate brand in 2021-2022, Diamond Lotus Riverside project won the top 5 best smart green projects in 2021.
In order to achieve the top 5 best smart green building projects in 2021, Diamond Lotus Riverside of Phuc Khang Corporation has undergone a round of votes from 500,000 readers on the Reatimes.vn system and the Council of Direct, Independent and Objective Voting, including journalists monitoring the field of real estate construction economics; Vietnam’s leading economic – law – planning – architecture – construction – real estate experts.
The project is invested in construction according to two standards: LEED of the American Green Building Council (USGBC) and LOTUS of the Vietnam Green Building Council (VGBC). Diamond Lotus Riverside has been registered gold level for both standards.
- Vietnam pursues green and inclusive economic recovery process
On the morning of February 25, the International Conference on “Promoting Green and Inclusive Economic Recovery: Lessons from International Experience” was organized by the Ministry of Foreign Affairs and the United Nations Development Programme (UNDP) in collaboration with the Ministry of Planning and Investment.
The event identifies important goals such as sharing vision, knowledge and best practices related to green economic stimulus, economic recovery from COVID-19, action on climate change, circular economy, advanced and inclusive governance, green finance and investment…
Addressing the conference, Mr. Pham Binh Minh – Deputy Prime Minister shared his comments on the context of the COVID-19 pandemic and the impacts on the economy of Vietnam and other countries, and emphasized that the Government will focus on many important solutions to effectively implement the socio-economic recovery program, green economic development, circular economy, implementation of Vietnam’s commitments on climate change response, net emissions equal to zero…
- VinGroup borrows $500 million in ‘green’ loans
On March 14, HSBC bank announced the first US$500 million green syndicated loan to Vingroup and vinfast automobile manufacturing member company.
In this transaction, HSBC acts as co-advisor of sustainable finance and co-underwriting, arranging capital and building books, structuring and providing competitive financial solutions for both Vingroup and VinFast.
According to HSBC, the green syndicated loan was successfully implemented in a short period of time in the complex context of Covid-19, receiving great interest from the market as the size of the loan has increased from $400 million to $500 million.
This green credit supports Vingroup and its member companies in terms of capital costs, working capital and general purposes of the enterprise in compliance with the green credit principle 2021 and vingroup’s sustainable financial framework.
- Capital House’s Ecohome 3: The best mass housing project of 2021
Capital House Group has just been honored in three categories: “Best Green – Smart Building Project 2021 for EcoLife Riverside Quy Nhon Project”, “Best Public Housing Project 2021 for Ecohome 3 Project” and “Best Urban and Housing Project 2022 for EcoCity Premia Project”.
On the morning of March 15, at the ceremony to honor “Vietnam’s leading real estate brand 2021-2022” took place at the Hanoi National Convention Center, EcoLife Riverside Quy Nhon, Ecohome 3 Hanoi, EcoCity Premia Buon Ma Thuot of Capital House Group met the criteria of the leading brand award, so they were honored in three categories at the same time: Green building – the best smart, the best mass housing, the most urban area and the most potential housing.
- In October 2022, ASEAN will agree on standards for sustainable bonds.
Specifically, by the end of February 2022, the total value of the issuance of bonds labeled Green Bonds, Social Bonds, ASEAN Sustainable Bonds reached 22.8 billion USD.
In order to continue supporting capital mobilization for the Sustainable Development Goals, the ASEAN Capital Markets Forum (ACMF) is developing a Set of Sustainable Related Bond Standards and Sustainable and Responsible Investment Fund Standards, which are expected to be adopted in October 2022.
The ASEAN Capital Markets Forum (ACMF) held its 36th Chairs’ Meeting online. In Vietnam, in 2021, the State Securities Commission in collaboration with IFC and the Swiss Federal Economic Administration issued the “Handbook guiding green bonds, social bonds and sustainable bonds”. The handbook helps to understand green bonds, social bonds and sustainable bonds and information about how successfully other countries and institutions have issued. The State Securities Commission hopes that more businesses will be interested in learning about green bonds, especially how to issue and manage cash flow/capital sources for green projects and publish information on the impact on the environment and society.
- Vietnam has a unit to certify green bonds in accordance with international standards
FinGroup said it has been officially certified by the Climate Bonds Initiative (CBI) as the first Vietnamese entity authorized to certify green bonds.
Accordingly, FinGroup is authorized to certify green bonds issued by Vietnamese organizations and enterprises when participating in its program.
Industries in Vietnam are receiving great attention from the CBI and international investors including renewable energy, wate3r resources, green agriculture and waste treatment.
In the context that the green finance legal system in Vietnam has been interesting and built in the early stages, the Prime Minister and the Ministry of Finance and the State Bank have issued many policies and national action plans on green growth.
Conclusion: The information has just ended the Green Building Newsletter Program in February 2022. Thank you for your interest in following up. Please Like and Subscribe to be able to keep up to date with the latest information from us. See you in the next program and have a good day!!!