The International Finance Corporation (IFC) is going to provide Nam Cuong Corporation with technical support in order to accelerate the developer’s green construction agenda and promote green building in Vietnam.
On February 23, 2017, Nam Cuong Corporation and IFC signed a memorandum of understanding (MoU) to the effect of which all of Nam Cuong Corporation’s existing properties will be assessed under EDGE (Excellence in Design for Greater Efficiencies) standards developed by the IFC. The IFC will also provide training to Nam Cuong Corporation’s staff on the principles and applications of EDGE software as well as its standard and certification system.
Nam Cuong Corporation and IFC to cooperate in green building
In addition, the two sides will collaborate to promote green building practices in Vietnam and identify opportunities for joint communication to enhance the implementation of green building and EDGE by other developers and the awareness of such by end-users.
IFC appreciated the efforts of Nam Cuong Corporation to stimulate the trend of green building in Vietnam. “Your vision will have an impact on other developers,” said Jane Henley, IFC’s EAP EDGE Programme manager.
IFC commended Nam Cuong Corporation’s efforts to pioneer green building in Vietnam
Tran Thi Quynh Ngoc, deputy chairman of Nam Cuong Corporation, said that even though being green increases costs, the company wants to help save natural resources. Also, being a green developer means taking on corporate social responsibility, that is, to raise community awareness of environmental issues.
“Nam Cuong Corporation has been here for a long time, we aim not only to build houses but also to build lifestyle. We strongly believe in sustainable development that can positively impact many generations of our customers and society in the long run,” she said.
Developer Nam Cuong Corporation, established in 1984, is well known in Hanoi and neighbouring cities and is active not only in residential development but also hospitality. In the next period of development, the company focuses on “eco,” “green,” and “sustainability.”
Anland Complex, the high-rise apartment buildings in Duong Noi Township, is on the path of getting the “Excellence in Design for Greater Efficiency” certification issued by IFC. Nam Cuong Corporation sets a goal to make EDGE as the standard for all properties in the future. The company envisions Duong Noi Township as a zero-energy township, with almost no energy consumption. This is the first time a Vietnamese developer set such a goal.
The announcement of partnership between Nam Cuong Corporation and IFC in pursuit of their shared aspirations to help the Vietnamese construction industry align on a lower carbon, more resource-efficient path, is intended to be accomplished through sharing expertise and technical solutions to promote green building using the EDGE software and certification system.
Nam Cuong Corporation envisions Duong Noi Township as a zero-energy township
An innovation of IFC, EDGE is a software application, a universal standard, and a green building certification system promoting resource-efficient buildings in emerging markets.
Launched in 2015, the new system is created for developing countries which have seen booming development in construction, such as China, India, Indonesia, the Philippines, Vietnam, and South Africa. IFC’s work to promote green building in Vietnam is delivered in partnership with Switzerland’s State Secretariat for Economic Affairs (SECO).