Green Credit Policy Affecting the Green Growth: A Case Study in Vietnam

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 at the 1 percent significance level. 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.