Green housing programme to save VND15.8 trillion in 10 years

Wednesday, 2021-01-06 17:04:06
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At the signing ceremony for the programme. (Photo: VNA)
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NDO – Within 10 years of the completion of the Green housing programme under the Programme for Energy Efficiency in Buildings (PEEB), apartment buildings in Vietnam are expected to save about 6.3 billion kWh of electricity, equivalent to VND15.8 trillion (US$687.2 million), according to the Ministry of Construction’s Housing and Real Estate Market Management Bureau.

The Ministry of Construction and the German Agency for International Cooperation (GIZ) signed a memorandum of understanding on mutual cooperation for the implementation of the Programme for Energy Efficiency in Buildings (PEEB) in Vietnam on January 6.

Deputy Director of the Housing and Real Estate Market Management Bureau Ha Quang Hung said that the Green housing programme is an initiative combining the goal of energy efficiency under the PEEB and the Government’s project on promoting low-cost commercial housing.

According to the Housing and Real Estate Market Management Bureau, after the Green housing programme is completed in 10 years time, VND15.8 trillion will be saved, a significant figure for homeowners. In addition, the programme will create an abundant supply of low-cost commercial housing for home buyers in short term.

Kia Fariborz, Chief Technical Advisor at GIZ said that as an emerging economy, Vietnam is witnessing a sharp increase in demand for space and housing expansion due to a rapid growth in the middle class. Thus, the collaborative efforts will contribute to realising the goal of reducing greenhouse gas emissions in Vietnam, he noted.

Through the Green housing programme, cooperation between the two sides will promote private investors to participate in both the green building market and energy efficiency. At the same time, the programme willencourage domestic commercial banks to develop green credit products for both investors and home buyers, as well as suppliers of green equipment and materials in the area of low-cost housing.