Emerging Market Boom

The head of planning and foreign investment in Vietnam is predicting that the country’s tourism real estate market will see a boom in five years time and declared he has no worries about exploiting beautiful areas.

Phan Huu Thang is encouraging developers to promote property investment in real estate resorts to foreign buyers as this will be a key part of the growth of Vietnam’s property sector.

‘Investment in real estate has been increasing significantly in the last two years, responding to many changes in the land laws. Foreign investors have shown special interest in real estate projects that will serve the tourism sector,’ he said.

Indeed, real estate is now the second biggest magnet for foreign direct investment with nearly 300 projects currently licensed and total registered capital of US $33.9 billion.

Thang described the Vietnam coastline as ‘an ideal setting for luxury resorts’ and said the government is keen to ‘exploit’ the coast. ‘If we can effectively exploit our 3,260 kilometres of coast, 125 beaches, beautiful landscape and cultural heritage, we will be able to build up a tourism real estate market of international scope,’ he explained. Initially development is likely to be concentrated on beaches from Quang Binh south to Ninh Thuan. ‘Looking further, we can exploit the big potential in other areas such as the Red River Delta, Mekong Delta, the mountains of northwest Vietnam and the Central Highlands area. All these places can be ideal areas for resort development,’ said Thang.

The developments are likely to be chains of villas, resort apartments and villas associated with golf courses. ‘These have become the favourite models. Villas have been designed with features that allow people to relax while staying close to nature. Hill slope, forest and mountain areas, lake or coastal areas are the top choice for resorts,’ added Thang.

But for this vision to be realised developers need to attract foreign money, he explained. ‘Many Vietnamese investors do not follow long term investment plans. They just wait to see the land price escalating and then sell the right to develop a project to foreign investors. Meanwhile, foreign investors do not have the land to carry our projects and encounter difficulties in site clearance,’ he said.

He added that a sub department is to be created to attract foreign investment, particularly from the US, Japan and Asia.

U.S. Department of Energy to Host Solar Decathlon

For three weeks in October 2009, the U.S. Department of Energy will host the Solar Decathlon—a competition in which 20 teams of college and university students compete to design, build, and operate the most attractive, effective, and energy-efficient solar-powered house. The Solar Decathlon is also an event to which the public is invited to observe the powerful combination of solar energy, energy efficiency, and the best in home design.Exact dates of the 2009 event are:

• Oct. 8-16—Teams compete in 10 contests
• Oct. 9-13—Houses are open to the public
• Oct. 15-18—Houses are open to the public
• Oct. 19-21—Teams disassemble their houses.

The Solar Decathlon houses will be open for public tours 11 a.m. –3 p.m. Monday–Friday and 10 a.m.–5 p.m. Saturdays and Sundays. Please note that all homes will be closed Wed., Oct. 14.The Solar Decathlon consists of three major phases:

Building: This is where most of the work—and the learning—happens. In addition to designing houses that use innovative, high-tech elements in ingenious ways, students have to raise funds, communicate team activities, collect supplies, and work with contractors. Although the Solar Decathlon competition receives the most attention, it's the hard work that students put in during the building phase that makes or breaks a team.

Moving to the Solar Village: When it's time for the Solar Decathlon, the teams transport their houses to the National Mall in Washington, D.C., and rebuild them on site.

Competing: During the competition itself, the teams receive points for their performance in 10 contests and open their homes to the public.

Purpose

The Solar Decathlon brings attention to one of the biggest challenges we face—an ever-increasing need for energy. As an internationally recognized event, it offers powerful solutions—using energy more efficiently and using energy from renewable sources.

The Solar Decathlon has several goals:

• To educate the student participants—the "Decathletes"—about the benefits of energy efficiency, renewable energy and green building technologies. As the next generation of engineers, architects, builders, and communicators, the Decathletes will be able to use this knowledge in their studies and their future careers.
• To raise awareness among the general public about renewable energy and energy efficiency, and how solar energy technologies can reduce energy usage.
• To help solar energy technologies enter the marketplace faster. This competition encourages the research and development of energy efficiency and energy production technologies.
• To foster collaboration among students from different academic disciplines—including engineering and architecture students, who rarely work together until they enter the workplace.
• To promote an integrated or "whole building design" approach to new construction. This approach differs from the traditional design/build process because the design team considers the interactions of all building components and systems to create a more comfortable building, save energy, and reduce environmental impact.
• To demonstrate to the public the potential of Zero Energy Homes, which produce as much energy from renewable sources, such as the sun and wind, as they consume. Even though the home might be connected to a utility grid, it has net zero energy consumption from the utility provider.