ESG-standard tourism and resort complexes help localities attract high-end tourists, extend their stay, and contribute to local economic growth.
Da Lat is an attractive destination for domestic and foreign tourists. To further upgrade the high- end resort services here, the emergence of large-scale projects is necessary. In addition, it is still necessary to ensure sustainable criteria, care for the environment and community, also known as ESG standards , which are becoming a trend in many countries. Recently, a large project in the center of Da Lat city has received attention from the market, when built according to this standard.
Aiming to become the largest “pine forest conservation” project in the city center, the investor has planted more than 300 precious pine trees for conservation and development. The lake has been renovated into an ecological landscape water park.
The investor said that construction materials must also be calculated to ensure low carbon content, increase the use of renewable energy , take in natural wind and light, according to ESG criteria, on environment, governance and society.
Mr. Philippe Alfred May – Chairman of The One Destination Board of Directors said: “The biggest difference of the project according to ESG standards is the value it brings to the community, to the locality, not just to the investor. Many businesses are increasingly realizing that developing projects according to this standard is a measure to evaluate the ability to implement their sustainable business model in the eyes of customers and partners. Projects built according to ESG direction certainly cost investors more time, effort and money, but that is the immediate loss, while the long-term benefits are completely worth it, because this is also a global trend”.
In some countries, green buildings are increasingly gaining attention. For example, in Singapore, more than 90% of Grade A office space has been certified green. Businesses even choose “green” offices to relocate their headquarters. In Vietnam, investors believe that tourism and resort complexes “tailored” to ESG standards will help localities attract more high-end tourists, extend their stay, and contribute to local economic growth.
Mr. Tran Hong Thai – Chairman of Lam Dong Provincial People’s Committee said: “This is a very good start for 2025 of Lam Dong province. With tourism, we have achieved the target of 10 million tourists. In 2025, we will try to have attractive programs to continue to invite tourists. We will promote investment in high-class hotels, so that tourists have space, spend more evenly on the budget”.
“I think the tourism market here will develop more strongly, because Da Lat is very beautiful. The locality is also open to foreign investors, supporting investors to complete legal investment procedures. I think this place will gradually become one of the most attractive resort destinations in Southeast Asia, and also one of the most beautiful places in Vietnam,” said Mr. Andy Khoo – CEO of Terne Holdings, Singapore.
According to information from businesses, in addition to the project in Da Lat, international investors are also looking for opportunities to develop other ESG-compliant projects in potential areas in Vietnam.