A building near Bến Thành Market in downtown HCM City whose construction stopped at the end of last year. The property market slump is expected to continue until the end of 2024. — VNS Photo Bồ Xuân Hiệp Despite the Government’s efforts to address them, the challenges for the property market will continue until the end of next year, experts have warned. Speaking at a forum late last week, Nguyễn Văn Đính, chairman of the Việt Nam Real Estate Brokers Association, said the market would continue to struggle with limited access to capital, legal bottlenecks and companies’ inability to redeem bonds. A recent survey by his association found over 70 per cent of businesses saying Government policies aimed at resolving funding difficulties have not been effective, he said. Real estate transactions have plummeted by 90 per cent in 2022-23, indicating weak market demand, he said. Even after almost five months since its announcement, the Government’s VNĐ120 trillion credit package has … [Read more...] about Real estate market challenges to continue until end of 2024: experts
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Phuc Khang applies green building standards to reduce carbon emissions
To date, carbon emissions from building operations have reached an all-time high of around 10 gigatons of CO 2 . This figure is an increase of about 5 per cent compared to 2020 and 2 per cent higher than the previous peak in 2019. Therefore, reducing carbon emissions in construction projects plays an essential role in achieving an overall reduction. The World Green Building Council (WGBC) has developed a vision and action framework up to 2030. In particular, all newly built construction projects must have zero operational carbon and reduce their associated energy by 40 per cent in terms of embodied carbon. By 2050, all buildings (both existing and new) must achieve-zero operational carbon, with new constructions having to achieve zero carbon content. Measured over the entire life cycle of the building, a zero-carbon construction is one with zero operating and zero embodied carbon. Diamond Lotus Riverside by PKP has been researched and applied many strategies to reduce … [Read more...] about Phuc Khang applies green building standards to reduce carbon emissions
Hanoi delegation visits China’s Guangdong province
Dinh Tien Dung (L), Politburo member of the Communist Party of Vietnam Central Committee and Secretary of the Hanoi Party Committee, and Huang Kunming , Politburo member of the Communist Party of China Central Committee and Secretary of the Guangdong Party Committee. (Photo: VNA) Beijing (VNA) – Dinh Tien Dung , Politburo member of the Communist Party of Vietnam Central Committee and Secretary of the Hanoi Party Committee, met with Huang Kunming, Politburo member of the Communist Party of China Central Committee and Secretary of the Guangdong Party Committee, on September 25 as part of the Vietnamese official’s ongoing visit to China. At the meeting, Dung stressed that his visit aims to further concretise and implement common perceptions reached by top leaders of the two Parties and countries during the visit to China by Party General Secretary Nguyen Phu Trong late October 2022, contributing to maintaining high-level exchanges and contacts, and fostering the friendship … [Read more...] about Hanoi delegation visits China’s Guangdong province