Green Accounting and Related Issues when Applied in Vietnam

In the current context of globalization, developing and applying green accounting has become an inevitable need for countries, including Vietnam. Green accounting can be understood as a modern and comprehensive accounting system that fully reflects the contents of assets, liabilities, investment capital, revenues and expenditures for the country's green environment. Green accounting involves systematically identifying, quantifying, allocating and reporting environmental costs related to activities, products and services. Green accounting is considered an important tool related to aspects of the influence of the natural environment on the economy and is considered a direction for transformation towards sustainable development. The article provides information about green accounting, its importance as well as comments on the advantages and difficulties that businesses encounter when applying green accounting in Vietnam. From there, we recommend some solutions to improve green accounting and aim to successfully apply green accounting in Vietnam.