E ISSN: 2583-049X

International Journal of Advanced Multidisciplinary Research and Studies

Volume 3, Issue 6, 2023

Developing Green Banking at Vietnam Investment and Development Joint Stock Commercial Bank

Author(s): Nguyen Thi Thu Le


Green finance is considered a part of the green growth strategy, and is also a concept researched in many countries around the world as well as in Vietnam. This activity, if implemented, will contribute to reducing environmental pollution, promoting sustainable economic development and eliminating poverty. Implementing green banking in the current context is considered an urgent requirement for the Vietnamese banking system, to ensure the stable and sustainable development of the whole system and the economy. To do this, banks must carefully consider the environmental aspects of their customers and products when operating in Vietnam. The Bank for Investment and Development of Vietnam (BIDV) has deployed green credit activities for clean energy, green agriculture and waste treatment projects, but outstanding loans for green projects are only reaching 1.8% of the bank's total outstanding loans. To further develop green banking activities, BIDV in particular and banks in general need to strengthen the implementation of the Responsible Banking Principles, mobilize green bonds and propose to the Government and State Bank of Vietnam. There are specific financial incentive solutions for green banking activities. The article analyzes some initial results of green banking activities at the Joint Stock Commercial Bank for Investment and Development of Vietnam and makes recommendations to develop green banking activities in banks. General commerce.

Keywords: Green Banking, BIDV, Green Growth

Pages: 1047-1051

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