26 May, 2018

Nam Cuong Corporation, IFC to cooperate in green building

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 23rd 2017, Nam Cuong Corporation and IFC signed a memorandum of understanding (MoU) to which effect all of Nam Cuong Corporation’s existing properties will be assessed under EDGE standards developed by IFC. IFC will also provide training to Nam Cuong Corporation’s staff on the principles and applications of EDGE software, standard and certification system.

Nam Cuong Corporation, 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 implementation of green building and EDGE by other developers and the awareness of such by end-users.

IFC appreciated the effort of Nam Cuong Corporation to stimulate the trend of green building in Vietnam. “Your vision will have an impact on other developers,” Ms. Jane Henley, IFC’s EAP EDGE Program Manager said.

IFC appreciated the effort of Nam Cuong Corporation to lead the trend of green building in Vietnam

Tran Thi Quynh Ngoc, Deputy Chairman of Nam Cuong Corporation, said that even though being green increases cost, the company wants to help save natural resources. Also, being a developer in green development is to take 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 at not only building houses but also building lifestyle. We strongly believe in sustainable development that beneficially impact many generations of our customers and the society for a long-term”, she said.

Developer Nam Cuong Corporation, established in 1984, is well known in Hanoi and neighbouring cities, active not only in residential development but also hospitality. In the next period of development, the company focuses on “eco”, “green” and “sustainability” as its direction.

Anland Complex – high-rise apartment buildings in the 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 property provided in the future. The company envisions the Duong Noi Township as a Zero-Energy Township, with almost zero-energy consumption. This is the first time a Vietnamese developer set such a goal.

The announcement of partnership between Nam Cuong and IFC in pursuit of their shared aspiration to help the construction industry in Vietnam onto a lower carbon, more resource-efficient path, is intended to be accomplished through sharing expertise and technical solutions to promote green building in Vietnam under the EDGE software and certification system.

Nam Cuong Corporation envisions the Duong Noi Township as a Zero Energy township, with almost zero energy consumption

EDGE, which stands for excellence in design for greater efficiencies, is a standard that focuses on testing the resource efficiency in buildings. An innovation of IFC, EDGE (Excellence in Design for Greater Efficiencies) 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 a booming development in construction such as China, India, Indonesia, the Philippines, Vietnam, and South Africa. IFC’s work to promote green buildings in Vietnam is delivered in partnership with the Switzerland’s State Secretariat for Economic Affairs (SECO).