Development of green buildings in Vietnam: International experience and policy implications

Abstract

The article analyzes the current state of green building development in Vietnam within the context of the global shift toward sustainable construction. Green buildings not only mitigate environmental impacts but also enhance energy efficiency and long-term asset value. This study employs a synthesis and comparative approach, drawing on international experience from developed economies such as Singapore, Japan, South Korea, the United States, and several European countries to identify key drivers of green building development. The findings indicate that critical factors include mandatory policy frameworks, supportive financial mechanisms, transparent certification systems, and coordinated implementation capacity. In Vietnam, although the number of green buildings has been increasing, the overall scale of development remains limited due to barriers such as high initial investment costs, the lack of effective financial incentives, and the gap between design and operational performance. Based on these insights, the article proposes several policy implications to promote the advancement of green building development in Vietnam.