Apartment buildings at Mulberry Lane in Mo Lao, Tu Liem District, Ha Noi. — VNS Photo Doan Tung

The Viet Nam Real Estate Association signed a memorandum of understanding with property developers on May 26 to build green buildings in the 2017-22 period.

Under the programme, the developers are committed to developing green properties. The programme will focus on three main tasks: completing a legal framework for green buildings, training in green buildings for real estate companies and increasing public awareness of the issue, thus enhancing the popularity of green housing products.

Capital House was the first developer to support the programme with a contribution of US$1 million. The company will also focus on researching and designing solutions to save energy and using environment-friendly building materials. Three out of its five projects, including some low-priced housing, have received green building certification EDGE created for emerging markets by IFC, a member of the World Bank Group.

Other property developers such as FLC Group, Viglacera, CEO Group, Alphanam, Phuc Khang and West Lake International Tower Company have also joined the programme. — VNS