Citation:

Vu Thien Bach. "Green Credit: Development Research in Vietnamese Commercial Banks" International Research Journal of Economics and Management Studies, Vol. 3, No. 4, pp. 106-116, 2024.

Abstract:

Banks serve as financial intermediaries responsible for providing capital for investment and business activities of enterprises. The banking industry is facing challenges: it must supply adequate and timely capital for the economy while ensuring the sustainable development of the country, aiming for a global green economy. In recent years, Vietnamese Commercial Banks (VCBs) have implemented green credit activities, implementing many policies and measures to promote green credit throughout the banking industry. To sustainably develop the economy, many countries around the world have been implementing strategies to promote a green economy and green growth, where green credit activities play a crucial role in the successful implementation of this strategy. In Vietnam, green credit is undergoing positive shifts and development through projects such as renewable energy, wind power, green agriculture, and agriculture applying high technology towards sustainable development goals. For the banking industry, green credit is seen as a unique financial tool with significance in controlling the environment of businesses and preventing uncontrolled development of polluting businesses harmful to the environment (Xu & Li, 2020; Zhang S. et al., 2022). This article clarifies the implementation of green credit activities of some banks in Vietnam and provides recommendations for Vietnam to develop green credit activities in the future.

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Keywords:

Green Credit, Commercial Banks, Vietnam.