Phú Mỹ Hưng was honoured with the title “Pioneering Enterprise in Sustainable Development in the Vietnamese Construction Industry” at the VSCF Award 2026, held on 16/7/2026 in Hanoi – an event hosted by the Ho Chi Minh City Association of Construction and Building Materials (SACA), sponsored by the Ministry of Construction, the Ministry of Agriculture and Environment and the Vietnam Chamber of Commerce and Industry (VCCI). This is an award granted through a rigorous independent evaluation process, bringing together over 700 delegates and 100 enterprises across the Vietnamese construction industry, marking an important milestone in the sustainable development journey of Phu My Hung Development Corporation.
In addition to the VSCF Award 2026 title, Phú Mỹ Hưng also affirmed its mission of creating green living spaces through specific, measurable actions: the International Finance Corporation (IFC) of the World Bank Group presented the EDGE Green Building Certification for Triton Crown (Lot CR9) and the EDGE Green Building Certification for Casa Luna (Lot CN8-2) at the same event. These two projects are among the first in the Phú Mỹ Hưng 2.0 strategy portfolio, designed to optimise energy and green space from the earliest stage, fully meeting the strictest international standards.
In particular, the VSCF 2026 title is not the first time Phú Mỹ Hưng has been recognised for sustainable development by the business community and reputable organisations. From 2021 to the present, Phú Mỹ Hưng has been continuously honoured at the Dot Property Awards, the PropertyGuru Awards and received the Sustainable Leadership Awards Vietnam 2024 for the second consecutive year. This consistent journey of awards reflects the coherent sustainable development strategy of PMH since its establishment in 1993, when the concept of a “green urban area” was not yet widely known in Vietnam.
Let us explore the meaning of the VSCF Award 2026, why Phú Mỹ Hưng deserves the pioneering title and the substantive green commitments this group is realising through the PMH 2.0 strategy, creating a real difference for homebuyers and investors.
What is the VSCF Award 2026 and why is it currently the most prestigious award in Vietnam’s sustainable construction industry?
The VSCF Award 2026 is an annual award of the Vietnam Construction Sustainable Development Forum, organised by the Ho Chi Minh City Association of Construction and Building Materials (SACA), with national-level sponsorship from the Ministry of Construction, the Ministry of Agriculture and Environment, and the Vietnam Chamber of Commerce and Industry (VCCI), and is regarded as the highest professional award in sustainable construction in Vietnam today.
To understand the significance of the VSCF Award 2026, it helps to look at the scale and workings of the event. The forum took place on 16/7/2026 at the Melia Hanoi Hotel, bringing together more than 700 delegates, over 100 businesses, and experts and representatives of international organisations from many sectors. The forum’s key themes included sustainable construction materials and technology, ESG and green finance, exports, and solutions for creating sustainable living spaces, reflecting the comprehensive green transition now gathering pace across Vietnam’s construction industry on the path to Net Zero.
What gives the VSCF Award 2026 its particular credibility compared with ordinary property awards comes down to two key factors. The first is an independent assessment process built on multidimensional criteria, including green transition, innovation, governance effectiveness, competitiveness and social responsibility, rather than a simple public vote. The second is the deeper symbolic meaning: the figure of 17 honoured businesses corresponds to the 17 United Nations Sustainable Development Goals (SDGs), expressing the commitment of Vietnam’s business community to working alongside global economic, environmental and social development goals.
In which category was Phú Mỹ Hưng honoured under the VSCF Award 2026?
Phú Mỹ Hưng was honoured in the category “Pioneering Enterprise in Sustainable Development in Vietnam’s Construction Industry” under the VSCF Award 2026, within the urban and residential development sector group, and is one of the few property businesses recognised among the 17 outstanding enterprises across the entire construction industry.
More specifically, Phú Mỹ Hưng is a rare urban developer on the VSCF 2026 list, standing alongside organisations from construction materials, steel structures, building systems and many other specialised segments. This shows that the VSCF expert panel assessed not just individual products but the entire green urban development ecosystem that Phú Mỹ Hưng has been creating continuously for more than three decades.
What made this recognition distinctive was the dual event: at the same VSCF 2026 ceremony, Phú Mỹ Hưng both received the title of Pioneering Enterprise in Sustainable Development and saw IFC award EDGE Green Building Certification to two strategic projects, Triton Crown and Casa Luna. This dual event was not a coincidence but a planned outcome, reflecting PMH’s consistent communication strategy: never separating corporate vision from practical evidence, backing up its green commitment with specific, measurable certifications.
Which criteria did Phú Mỹ Hưng meet to be selected by the VSCF expert panel?
There were 5 main criteria that Phú Mỹ Hưng met to be selected by the VSCF expert panel, namely green transition, innovation, governance effectiveness, competitiveness and social responsibility, each assessed on the basis of concrete evidence from the company’s actual operations.
On the green transition criterion, Phú Mỹ Hưng did not confine its sustainability commitments to brand statements but applied green standards from the project design stage. Triton Crown and Casa Luna received EDGE certification from IFC during construction, not after completion, showing that greening is a mandatory technical requirement throughout PMH’s entire product development process.
On the innovation criterion, the PMH 2.0 strategy demonstrates forward-looking innovative thinking: integrating energy optimisation technology, smart resource management systems and green community spaces into premium urban products, rather than focusing solely on the number of apartments.
On governance effectiveness and ESG, Phú Mỹ Hưng applies an ESG (Environmental, Social, Governance) framework across all its activities, from the selection of construction materials to the operational management of an urban area with more than 35,000 residents, maintaining an international school system, medical amenities and coordinated service infrastructure over several decades.
On competitiveness, PMH has maintained its position as a leading urban property developer in South Saigon for more than 30 consecutive years, with reputation rankings from domestic and international organisations, from the American Institute of Architects awards (1995, 1997) to the Dot Property Awards and PropertyGuru Awards in the modern era.
On social responsibility, Phú Mỹ Hưng creates a quality living environment for more than 35,000 residents, operates Saigon South International School (SSIS) and Lawrence S. Ting Memorial School, and contributes significantly to educational development and quality of life in the South Saigon area of Ho Chi Minh City.
Does Phú Mỹ Hưng truly deserve to be a pioneering enterprise in sustainable development in Vietnam’s real estate industry?
Yes, Phú Mỹ Hưng fully deserves the title of pioneering enterprise in sustainable development, based on at least 3 undeniable practical grounds: a continuous run of sustainability awards from 2021 to 2026, a history of more than 30 years of steadfast adherence to green standards since its founding in 1993, and its position as Vietnam’s longest-established urban property developer with a consistent sustainability strategy throughout.
More importantly, the “pioneering” criterion in sustainable development is not simply about receiving an award the earliest, but about the ability to lead trends, set benchmarks and maintain a consistent commitment despite market fluctuations over many decades. Phú Mỹ Hưng has done just that since the concept of a “green urban area” was still largely unknown in Vietnam, transforming the low-lying land of South Saigon into an internationally recognised model urban area.
Which sustainable development awards and titles had Phú Mỹ Hưng received before the VSCF Award 2026?
Phú Mỹ Hưng had accumulated at least 6 notable sustainable development awards and titles before the VSCF Award 2026, spanning from 1995 to 2024, reflecting the corporation’s long and consistent journey in pursuing green standards and urban quality.
In 1995, the Master Plan for the Phú Mỹ Hưng urban area received the 42nd Progressive Architecture Award from the American Progressive Architecture magazine, marking PMH’s appearance on the international architecture map from its earliest days. This master plan was also featured on the covers of major magazines in Europe and Germany, confirming that PMH’s urban vision was recognised worldwide.
In 1997, Phú Mỹ Hưng received the Honor Award from the American Institute of Architects (AIA) for urban planning. This is one of the most prestigious awards in international urban architecture, confirming that PMH’s green vision was recognised by the global architectural community as early as the 1990s, when Vietnam was still in the early stages of urbanisation.
In 2008, the Ministry of Construction and the Ho Chi Minh City People’s Committee officially recognised the Phú Mỹ Hưng Urban Area as Vietnam’s first “Model Urban Area”, affirming the highest standard in sustainable urban planning and development in the country.
From 2021 to the present, Phú Mỹ Hưng has been consistently honoured at the Dot Property Vietnam Awards and the PropertyGuru Awards, the two most prestigious international real estate awards in the Southeast Asian market, reflecting sustained recognition from the regional real estate community.
In 2024, Phú Mỹ Hưng received the “Leading Real Estate Developer in Sustainable Development in Vietnam 2024” award (Sustainable Leadership Awards Vietnam 2024) from Dot Property Vietnam for the second consecutive time. Receiving a sustainable development award for two consecutive years from the same international organisation is the most convincing evidence of the consistency and depth of PMH’s green strategy, rather than a momentary achievement or seasonal direction.
What has Phú Mỹ Hưng contributed to the sustainable development of Vietnam’s construction industry as a whole?
Phú Mỹ Hưng has made at least 4 trend-orienting and trend-leading contributions to Vietnam’s construction industry towards sustainable development, including pioneering an integrated urban planning model, setting green benchmarks for the real estate market, expanding the sustainable urban model to many provinces and cities, and directly promoting the trend of international green building certification in Vietnam.
In terms of its pioneering contribution, in the early 1990s when the concept of an “integrated township” was almost non-existent in Vietnam, Phú Mỹ Hưng was the first to transform the low-lying land of South Saigon into a model urban area with scientifically and comprehensively planned green infrastructure, in harmony with the natural landscape. This model became a reference for many other real estate developers to learn from and apply over the following two decades, raising market standards to a new level.
In terms of expanding its influence, the PMH 2.0 strategy does not stop at the existing urban area in District 7, Ho Chi Minh City. Công ty cổ phần Đầu tư Công đoàn Ngân hàng Công thương, owned by Phú Mỹ Hưng, has received investment approval from the People’s Committee of Bac Ninh Province for the Hồng Hạc City eco-urban area in Xuân Lâm, Thuận Thành township with a total investment of 27,000 billion VND. This is the clearest sign that Phú Mỹ Hưng’s green urban model is being replicated on a national scale.
Through which specific actions does Phú Mỹ Hưng affirm its mission to create green living spaces?
Phú Mỹ Hưng affirms its mission to create green living spaces through at least 3 measurable groups of actions: achieving EDGE Green Building certification from IFC for new projects during the construction phase, implementing the PMH 2.0 strategy with green standards integrated from the design stage, and expanding the sustainable urban ecosystem beyond the boundaries of the existing Phú Mỹ Hưng urban area.
Notably, all of these actions were announced at the same time during the same VSCF 2026 event, demonstrating consistency between brand statements and tangible evidence. Phú Mỹ Hưng does not separate the “corporate award” from the “property certification” but demonstrates both in parallel at the same time, creating the highest level of persuasion for customers, investors and the community.
What is the EDGE Green Building Certification from IFC and why did Triton Crown and Casa Luna achieve this standard?
EDGE (Excellence in Design for Greater Efficiencies) certification is an international green building certification system developed and managed by the International Finance Corporation (IFC), a member of the World Bank Group, focusing on 3 core saving categories of energy, water and materials embodied energy, with a minimum threshold of 20% efficiency improvement for each category compared with a conventional building of the same type.
To understand why EDGE is a certification of practical value to homebuyers and investors, it is worth looking at 3 factors that set it apart from conventional property awards.
First, EDGE is a technical certification that can be measured and independently verified; it is not a vote or a qualitative assessment. Every project that achieves EDGE must undergo detailed technical calculation checks on energy, water and material energy consumption, and is then verified by an independent third party before official certification is granted.
Second, EDGE is administered by IFC, part of the World Bank Group, which ensures objectivity and credibility on a global scale, with recognition in more than 170 countries. This means that Phú Mỹ Hưng’s EDGE-certified apartments have a value recognised on the international market, not only within Vietnam.
Third, EDGE is tied directly to the actual operational performance of the building. Owners of EDGE-certified apartments at Triton Crown or Casa Luna will save on monthly electricity and water costs compared with conventional apartments, creating a significant accumulated economic benefit over the ownership life of the property.
Triton Crown (Lot CR9) and Casa Luna (Lot CN8-2) achieved EDGE certification because both projects were designed to energy-optimisation criteria from the outset, with effective insulation systems, electricity- and water-saving equipment to international standards, and integrated green space. As two premium apartment projects that broke ground in the first half of 2026 under the PMH 2.0 strategy, both are built on the principle of being “green from the start”, rather than “greened” after completion.
How does the Phú Mỹ Hưng 2.0 strategy integrate sustainable development into raising urban quality?
The Phú Mỹ Hưng 2.0 strategy is a new development phase for PMH, focused on raising urban quality and the living experience through 3 parallel pillars: modernised green infrastructure, premium housing to international green standards, and top-tier amenity services, with the aim of turning the group’s long-term sustainable development commitment into reality in depth and across its geographical reach.
Specifically, PMH 2.0 is not simply about adding new apartments to the existing land fund but about comprehensively upgrading the urban ecosystem already in operation. The first pillar is integrating international green standards into every new project from the design stage, ensuring that no PMH 2.0 property reaches the market without the corresponding green certification; Triton Crown and Casa Luna are the first two projects to demonstrate this principle. The second pillar is upgrading connecting infrastructure and community amenities, including the internal transport system, ecological parks, shopping centres and educational facilities, to meet the growing needs of modern residents. The third pillar is selective geographical expansion, marked by the Hồng Hạc City project in Bắc Ninh with total investment of VND 27,000 billion, bringing the PMH ecological urban model to the northern market.
Triton Crown and Casa Luna are the standard models that PMH will apply and replicate across its entire project portfolio in the 2026-2030 period. The fact that both projects received EDGE certification at the same time at the VSCF 2026 event is no coincidence but a strategic message: PMH 2.0 is a commitment in action, not merely a development statement.
Sustainable development and short-term development in Vietnam’s property sector: why does Phú Mỹ Hưng’s choice make a real difference?
PMH holds a clear advantage in sustainability and long-term asset value, while the short-term development model prioritises speed to market and a lower initial entry price. As Vietnam’s property sector shifts strongly towards green standards and ESG, Phú Mỹ Hưng’s choice increasingly proves its strategic value as the market and homebuyers begin to prioritise genuine quality of life over floor area or location alone.
The market reality shows the contrast clearly: while many property companies focus on optimising short-term profit margins by cutting material or community infrastructure standards, Phú Mỹ Hưng has consistently invested in green standards from the design stage for more than 30 years. This strategy makes PMH’s input costs higher than the market average, but produces property capable of retaining and increasing asset value over the long term, which is of particular interest to genuine owner-occupiers and strategic investors.
How does IFC’s EDGE certification differ from domestic property awards, and why does that matter to homebuyers?
IFC’s EDGE certification surpasses domestic property awards in objectivity and in its capacity for real technical measurement. EDGE is an independent technical certification based on design data and operational performance, verified by a third party belonging to the World Bank Group, whereas most domestic property awards are assessed through a panel process with largely qualitative criteria. For homebuyers, this has 3 practical benefits: long-term savings on operating costs, because an EDGE building consumes at least 20% less electricity and water; greater liquidity when transacting with international buyers, because EDGE is recognised in more than 170 countries; and access to preferential-rate green credit packages from banks specifically for real estate meeting international green standards.
Do EDGE/LEED-certified green buildings really increase the value of Phú Mỹ Hưng real estate over time?
Yes, green buildings meeting EDGE and LEED standards have been shown by international research to be capable of increasing asset value sustainably, with a premium ranging from 10% to 15% compared with real estate in the same segment without green certification, according to data from the World Green Building Council (WorldGBC). In the Vietnamese market, the trend towards green credit and ESG financing is being strongly promoted by major domestic and international banks, with preferential interest rates prioritised for loans to projects meeting international green standards, indirectly creating higher demand and better liquidity for real estate with EDGE certification such as Triton Crown and Casa Luna. In the long term, as Vietnam moves closer to its Net Zero target and green building standards become mandatory, assets that met EDGE standards early, such as PMH 2.0 projects, will have a clear competitive advantage over the rest of the market.
See information on Phú Mỹ Hưng projects at Phú Mỹ Hưng Center
To find out detailed and up-to-date information about Phú Mỹ Hưng projects, especially Triton Crown apartments, Casa Luna apartments and the entire portfolio under the PMH 2.0 strategy, customers should visit Phú Mỹ Hưng Center – an in-depth information site on Phú Mỹ Hưng real estate founded and operated by consultant Kim Thùy Phú Mỹ Hưng. Here, customers receive comprehensive and continuous support throughout their property ownership journey: from advice on choosing a project suited to their needs and budget, assistance in selecting the optimal apartment, and support through the sale and purchase agreement process until handover of the property. With many years of direct involvement with Phú Mỹ Hưng and a deep understanding of each project, consultant Kim Thùy is committed to providing customers with accurate, transparent information and the most professional support in every important investment decision.
