Proceedings of the 2nd International Conference on Advance Research in Social and Economic Science (ICARSE 2023)

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Vietnamese Legal Framework for Green Credit: A Decade Towards Sustainability

Authors
Nguyen The Duc Tam1, *, Pham Thi Nhu Quynh2
1University of Economics and Law, Ho Chi Minh City, Vietnam
2Vietnam National University, Ho Chi Minh City, Vietnam
*Corresponding author. Email: tamntd@uel.edu.vn
Corresponding Author
Nguyen The Duc Tam
Available Online 4 September 2024.
DOI
10.2991/978-2-38476-247-7_16How to use a DOI?
Keywords
green credit; green finance; sustainable development; Vietnam
Abstract

Green credit is paramount because they address environmental challenges, promote economic growth, and meet evolving societal expectations regarding sustainability. They not only contribute to enhancing our environmental conditions but also drive society towards sustainable development. This paper examines the evolution of the Vietnamese legal framework for green credit over the past decade, emphasizing the shifts towards environmental sustainability in Vietnam. These changes highlight the country’s commitment to international agreements and demonstrate the growing awareness of ecological concerns, particularly within the financial sector. Moreover, the paper scrutinizes the practices of Vietnamese commercial banks concerning green credit. It assesses their implementation, evaluating the alignment between policy and practice and their contribution to sustainable development goals. However, the paper also identifies several drawbacks in the legal framework and banking practices related to green credit. In response, this paper provides recommendations to enhance green credit in Vietnam. These suggestions aim to ensure the alignment of the Vietnamese legal framework with global best practices and strengthen the commitment of Vietnamese commercial banks to sustainability.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Conference on Advance Research in Social and Economic Science (ICARSE 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
4 September 2024
ISBN
978-2-38476-247-7
ISSN
2352-5398
DOI
10.2991/978-2-38476-247-7_16How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Nguyen The Duc Tam
AU  - Pham Thi Nhu Quynh
PY  - 2024
DA  - 2024/09/04
TI  - Vietnamese Legal Framework for Green Credit: A Decade Towards Sustainability
BT  - Proceedings of the 2nd International Conference on Advance Research in Social and Economic Science (ICARSE 2023)
PB  - Atlantis Press
SP  - 146
EP  - 153
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-247-7_16
DO  - 10.2991/978-2-38476-247-7_16
ID  - Tam2024
ER  -