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New principles for energy efficiency

New principles for energy efficiency
13:58 | 03/02/2021
The Ministry of Industry and Trade recently issued Circular No.25/2020/TT-BCT replacing a previous circular on efficient use of energy, and providing businesses with more straightforward procedures for registering and reporting on their energy efficiency plans. Baker McKenzie managing partner Frederick Burke and special counsel Nguyen Thanh Hai outline the key changes and how they affect enterprises.
Baker McKenzie managing partner Frederick Burke and special counsel Nguyen Thanh Hai
Circular 25 is one of the steps towards implementation of the previously-approved National Energy Efficiency Programme for 2019-2030. Compared to the previous Circular No.09/2012/TT-BCT on economical and efficient energy use, Circular 25 provides three main changes: removing burdensome admin requirements to register and report on implementation of an annual/five-year Energy Efficiency Plan (EEP); b ....

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Green building trend severely undervalued in local real estate

Green building trend severely undervalued in local real estate
09:27 | 15/12/2020
Green building trend severely undervalued in local real estate
Besides COVID-19, the second key word of the year is âgreen buildingâ but many developers and consumers are still hazy on the concept. A âgreenâ building is deemed one that, in its design, construction, and operation, reduces or eliminates negative impacts and can create positive impacts on the climate and natural environment. Green buildings preserve precious natural resources and improve quality of life.
However, in Vietnam the concept is sometimes confused with buildings covered with green trees only, sporting the usual image of a resort or an eco-urban area. Meanwhile, key features such as the efficient use of energy, water, and other resources, use of renewable energy, pollution, and waste reduction measures, and good air quality indoors are glossed over. ....

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