Vol. 16 No. 01 (2026): Journal of Materials & Construction
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JOURNAL OF MATERIALS & CONSTRUCTION

ISSN: 2734-9438

Website: www.jomc.vn

Identifying factors affecting green real estate investment development project management in Vietnam from the developer’s perspective through the extended TOE+F framework

Dang Thi Hong Duyen , Doan Duong Hai , Nguyen Thanh Trung , Nguyen Thao Trang , Chu Van Thang

Keywords:

Green real estate
Project management
Influencing factors
TOE F framework
Delphi-AHP
Developer
Vietnam

Abstract

This study extends the Technology-Organization-Environment (TOE) framework into a TOE+F model comprising six factor groups to identify and rank the determinants of green real estate investment project management in Vietnam from the developer’s perspective. The proposed framework isolates finance (F) as an independent analytical dimension, distinguishes strategic governance capacity (O1) from operational implementation capacity (O2), and separates the external environment into institutional (E1) and market (E2) contexts. The factor system was developed through a systematic literature review covering the period 2005-2025, reducing 42 initial factors to 22 preliminary candidates. These were validated through a two-round Delphi survey involving 18 experts from seven stakeholder groups, followed by the Analytic Hierarchy Process (AHP) to derive priority weights. The final model confirms 20 factors. The AHP results indicate that Finance-Cost (27.27%) and the Institutional Environment (24.06%) are the two most influential groups. The five highest-ranked factors account for 44% of the total weight and are concentrated in the conceptualization and project formulation stages. Three Vietnam-specific factors-integrated design process (IDP), green taxonomy, and measurement-reporting-verification (MRV)-also achieved strong consensus. These findings provide an empirical basis for policymakers, developers, and financial institutions to prioritize the core drivers of green real estate development in Vietnam.

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How to Cite

Dang Thi Hong Duyen, Doan Duong Hai, Nguyen Thanh Trung, Nguyen Thao Trang, & , C. V. T. (2026). Identifying factors affecting green real estate investment development project management in Vietnam from the developer’s perspective through the extended TOE+F framework. JOURNAL OF MATERIALS & CONSTRUCTION, 16(01). https://doi.org/10.54772/jomc.v16i01.1325

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