Emphasizing the Factors Affecting the Development of Green Banks in Vietnam

Green banking facilitates sustainable economic growth and stimulates practises that are environmentally friendly. The purpose of this study is to determine the determinants of green banking adoption in Vietnam. Green banks are understood as banks offering services related to environmental obligations, the protection of natural resources and biodiversity, the introduction of community benefit programmes or investment in production loans, green, clean. A survey of officials and workers at commercial banks in Vietnam collected data from the report. The findings of correlation and regression analysis show that the impact of macro variables on the level of green Banking is the best, followed by the financial potential of the bank, the supportive policies of the government, and business organisations’ green investment needs. On the other hand, the ability of officials and the knowledge of bank leaders about green banking do not have a major impact on the degree of adoption of green banking in Vietnam. It is therefore necessary to raise business awareness about the environment in Vietnam today.

Author (s) Details

Ngo Anh Phuong
National Institute for Finance, Ministry of Finance, 7 Phan Huy Chu road, Hanoi, Vietnam and VNU University of Economics and Business, Vietnam National University, Hanoi, 144 Xuan Thuy, Cau Giay road, Hanoi, Vietnam.

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