Recommendations for developing green bank in Vietnam

Abstract

Vietnam is considered one of the countries most affected by climate change. Sustainable development with green growth is becoming a common development trend of countries worldwide because green growth can simultaneously solve problems between growth and the environment - society, ensuring growth - an economy with environmental and social protection. By providing capital to the economy, the banking system plays an essential role in implementing green change with the mechanism to encourage investment in environmentally friendly projects green goods. This study refers to the concept of green banking and, at the same time, points out its importance in the process of implementing the National Strategy on Green Growth. Thus, the article also proposes recommendations to encourage and promote green banking activities in Vietnam.