Frasers Property Vietnam moves towards green real estate leadership

Edwin Tan, deputy CEO of Frasers Property Vietnam and managing director for industrial and logistics for Southeast Asia

Frasers Property is a multinational investor, developer, and manager of real estate assets and services, with a global portfolio valued at nearly S$48.9 billion ($38.4 billion) in total assets under management.

"We have a presence in 20 countries with a strong focus on the industrial and logistics sector, where we manage over S$15 billion ($11.5 billion) in assets across Australia, Europe, and Southeast Asia, particularly in Thailand, Vietnam, and Indonesia," Tan said.

In Vietnam, the group's industrial and logistics footprint has grown to more than 300,000 sq.m across Binh Duong, Bac Ninh, Hung Yen, and Quang Ninh, and it is on track to reach nearly one million sq.m by 2028.

But its presence in Vietnam goes beyond logistics. Its portfolio also includes the Melinh Point office tower in Ho Chi Minh City, and in the residential sector Q2 Thao Dien, a high-end mixed-use development.

"Despite the pandemic, we completed the venture and continue to manage its commercial components, including a high-rise office tower," said Tan.

As the real estate sector accounts for nearly 40 per cent of global carbon emissions and more than 70 per cent of urban emissions, sustainability has been a key focus for Frasers Property since 2006.

Tan said the group was advancing its environmental, social, and governance (ESG) agenda through innovation, green building certifications, and climate resilience initiatives.

"We were the first Singapore Exchange-listed company to commit to net-zero carbon emissions across scopes 1-3 by 2050," he added.

In Vietnam, Frasers Property is proud to be the first real estate company with science-based targets officially approved. Its roadmap includes installing 215 MW of renewable energy capacity by 2030, including 15 MW in Vietnam, and 46 MW has already been deployed globally.

By 2030, it aims to have all new development projects and 85 per cent of owned or managed properties either green-certified or pursuing certification and also plans to engage 75 per cent of suppliers under its responsible sourcing policy.

To drive Vietnam’s net-zero ambitions, it is introducing pioneering solutions such as industrial service centres, the first of their kind in the country. These hubs enrich the industrial ecosystem with amenities and sustainability features, such as solar rooftops, electric vehicle charging stations, smart energy management systems powered by AI, and full LED lighting.

In addition, it aims to finance most of its new sustainable developments through green and sustainability-linked loans. To date, the group has secured roughly $15.1 billion in such financing, making it one of the largest green bond and loan issuers among Singaporean-listed companies.

"This enhances our appeal to investors increasingly focused on ESG criteria, while also aligning with banks’ evolving priorities in favour of sustainable portfolios," Tan said, adding that ultimately, deep real estate expertise underpins a long-term commitment to environmental responsibility.

"We are committed to carbon neutrality in the built environment and to creating lasting shared value for people, the planet, and society. With a clear and consistent strategy, we will continue to lead in responsible investment and deliver meaningful, long-term impacts," he added.

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