Green Credit Model of Green Banks in Some Countries around the World and Green Credit Supervision Regulations in Vietnam

The Banking sector contributes significantly to the implementation of green growth as a tool to encourage financial investment in environmentally friendly projects. Therefore, the green credit model is considered a unique financial tool, with important implications in controlling the environmental protection behavior of businesses and preventing uncontrolled development of businesses. Causing pollution and harm to the environment. The green credit model plays an important role in providing the necessary capital to achieve the United Nations' sustainable development goals, especially issues related to the environment and climate. In Vietnam, green credit activities have also been implemented in recent years and achieved many encouraging results in many fields, including energy saving, renewable energy, clean agriculture. And high-tech agriculture. However, there are still many obstacles and challenges in the process of implementing this new growth model. Green credit is a credit strategy of banks that does not support businesses that pollute the environment. Green credit adjusts the long-term and short-term credit ratio structure for businesses, thereby affecting the investment structure and investment efficiency of heavily polluting businesses. In the process of granting green credit, the bank takes information related to the project and the business applying for the loan as a check standard during the lending process, then makes a lending decision. In other words, green credit is understood as credits intended to support production and business projects that pose no or little risk to the environment, contribute to protecting the general ecology, and are a manifestation of the financial system. Main direction towards sustainable development. In Vietnam, according to Article 149 of the Law on Environmental Protection 2020, effective from January 1, 2022, regulations on green credit are as follows: Green credit is credit granted to the following investment projects : (i) Effective use of natural resources; (ii) Responding to climate change; (iii) Waste management; (iv) Treating pollution and improving environmental quality; (v) Restoration of natural ecosystems; (vi) Conservation of nature and biodiversity; (vii) Create other environmental benefits. Through studying regulations for supervising green credit activities of banks, the article makes recommendations for credit activities of green banks in the coming time.