Green Credit Policy Affecting the Green Growth: A Case Study in Vietnam
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Author: P.T. Dat and P.T.H. Nga
Author Address: Rector of the University of Finance and Marketing (UFM), Ho Chi Minh City (Vietnam), and Deputy Head of Science Management Department, University of Finance and Marketing (UFM), Ho Chi Minh City (Vietnam)
Keywords: Bank, commercial, credit, green, growth, policy.
JEL Codes: D53, D90, G41.
Abstract
The trend of green credit was viral and vigorously applied at banks and credit institutions. It helped to increase capital flow, a rich source of investment capital for many areas of social life. Based on a survey data set of 600 credit managers of commercial banks in Vietnam, the present study used structural equation modelling (SEM) and SPSS 20.0, Amos software. The results identified five factors affecting green growth: green credit policy, green financial system, environmental risk management, legal framework, and environmental policy was significant statistically. The article's findings were to determine green credit policy factors that had the most substantial and statistically significant impact on green growth. Therefore, this result was a scientific basis for proposing practical recommendations to improve green growth in Vietnam.
Description
Indian Journal of Economics and Development
Volume 19 No. 1, 2023, 91-101
DOI: https://doi.org/10.35716/IJED/22515
NAAS Score: 5.15 (2023)
Indexed in SCOPUS and ESCI (Clarivate Analytics)
Journal Citation Indicator: 0.04 (WoS)
UGC Approved