|
Green Credit Development: Current Status and Policy Recommendations in Vietnam |
|---|---|
| รหัสดีโอไอ | |
| Creator | Le Dinh Hac, Nguyen Thi Thu Trang, and Luong Xuan Minh |
| Title | Green Credit Development: Current Status and Policy Recommendations in Vietnam |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2565 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 13 |
| Journal No. | 3 |
| Page no. | 13A3H: 1-12 |
| Keyword | Green credit, Banking, Green credit policy, Commercial bank, Sustainable development, Green growth, Environmental protection, Green credit support, Sustainability, Green credit development. |
| URL Website | http://TuEngr.com/Vol13-2.html |
| Website title | ITJEMAST V13(3) 2022 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | The banking industry can play a decisive role in promoting environmentally sustainable development and community responsibility investments. In that context, green credit development is considered one of the essential strategies to move closer to the "green banking" model. Although it has great potential and brings opportunities for technological innovation to the economy, currently, green credit still faces many obstacles. With the goal of green credit for sustainable development, the introduction of Directive 03/CT-NHNN on promoting green credit growth and managing environmental and social risks in operations providing credit sent a strong message about the responsibility of the banking industry towards environmental protection. Thus, the research objective is to systematize the general theoretical issues of green credit and green credit development. Analyze the importance of green credit for the banking business by surveying 150 managers related to green credit at commercial banks. Based on the research results, this study proposes some policy recommendations to support the development of green credit for commercial banks in Vietnam. |
