Research on factors affecting green financial development in Vietnam
DOI:
https://doi.org/10.56294/sctconf2024.1259Keywords:
Green finance development, green finance, VietnamAbstract
This study was conducted to examine the factors affecting the development of green finance in Vietnam.Using quantitative research methods, based on a survey of 152 employees and managers of 7 financial institutions and 7 large enterprises in Vietnam. The research results show that there are 5 factors that have a similar and direct impact in descending order on the development of green finance in Vietnam, specifically as follows: The level of awareness and demand for green investment; Legal environment; Economic environment; Institutional capacity; and International finance. These findings underscore the importance of raising awareness, attracting green investment, and leveraging international financial resources. Based on the results of the study, a number of incentives are offered to stakeholders to promote green finance, including strengthening the regulatory environment, improving institutional capacity, raising awareness and demand for green investment, leveraging international finance, and maintaining a favorable economic environment. This study contributes to a better understanding of the factors affecting the development of green finance in Vietnam, thereby providing important insights to develop effective policies and strategies to promote this sector in developing countries
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Copyright (c) 2024 Nguyen Thi Ngoc Diep, Vu Thi Hoang Yen (Author)
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