Eco-Friendly Building Materials Gain Momentum in Vietnam

Strategic Insights -

The construction industry in Vietnam is shifting towards eco-friendly building materials, driven by the Ministry of Construction's goal of achieving net zero emissions by 2050. The sector, which consumes 40% of energy resources and is responsible for 50% of emissions, is accelerating its growth rate, with a 4.47% year-on-year increase in the first half of 2023. As the demand for energy rises, developing green materials has become a top priority for the Vietnamese construction industry. Deputy Director of the Construction Materials Department, Nguya ...n Quang Hia ++p, emphasizes the benefits of green materials, including easy recycling, reduced greenhouse gas emissions, and energy saving.

Key Takeaways:

  • The construction industry in Vietnam is shifting towards eco-friendly building materials to achieve net zero emissions by 2050.
  • The sector consumes 40% of energy resources and is responsible for 50% of emissions, making it a significant contributor to greenhouse gas emissions.
  • The Ministry of Construction aims to cut 74.3 million tonnes of CO2 emissions, and the industry's growth rate has increased by 4.47% year-on-year in the first half of 2023.
  • Developing green materials is a crucial objective of the Vietnamese construction industry, and the Ministry of Construction has developed a strategy to promote sustainable construction materials.
  • The strategy aims to eliminate construction material production technology that consumes a lot of resources and pollutes the environment.
  • Barriers in current legal and technical issues, limited technology, and high prices are hindering the widespread adoption of green materials in Vietnam.
  • Manufacturing businesses need to seek solutions to reduce production costs to compete with traditional materials, and the Ministry of Construction should issue specific solutions and guidelines to attract business participation towards sustainable green buildings.

Statistics:

  • 40% of energy resources are consumed by the construction industry in Vietnam.
  • 50% of emissions are responsible for the construction industry.
  • 33% of carbon emissions are produced by the construction industry.
  • 40% of construction solid water is used by the industry.
  • 898 urban areas have been developed in Vietnam since the start of 2023.
  • The construction industry's growth rate has increased by 4.47% year-on-year in the first half of 2023.
  • 74.3 million tonnes of CO2 emissions are to be cut by the Ministry of Construction.
  • The Ministry of Construction has developed the Via ++t Nam Construction Materials Development Strategy for the 2021-30 period, with a vision to 2050.

Sources:

  • Ministry of Construction.
  • Via ++t Nam Construction Materials Development Strategy for the 2021-30 period, with a vision to 2050.
  • Nguya ...n Quang Hia ++p, Deputy Director of the Construction Materials Department under the Ministry of Construction.
  • Nguya ...n DAEdegAE!ng Truc Linh, representative of PhAEdegAE!ng Nam Soundproofing Insulation Company.