Determinants Affecting the Green Bank Development in Vietnam

To contribute to the implementation of the national action plan on green growth.Green banks will be an essential resource in implementing the green growth strategy until 2025 because the banking system can contribute to limiting environmental and social risks by not lending to customers with projects that pollute or have adverse impacts on the environment and people's lives.On the other hand, strict control from the bank appraisal stage also encourages businesses to move towards cleaner and safer production and business activities.Therefore, the paper's primary objective is to explore determinants affecting green bank development in Vietnam.The authors surveyed the data by developing a formal survey for the research topic with 950 surveyed officers and employees related to 15 commercial banks and used structural equation modeling (SEM) and SPSS 20.0, Amos software.The paper finds eight factors affecting the green bank development in Vietnam with a significance level of 0.01, and all eight hypotheses are accepted.The article's value determines the banking technology's most substantial impact on green bank development.Finally, the authors had important recommendations for improved banking technology and the goal of green and sustainable growth.Building and developing a green bank in Vietnam is an urgent requirement.Green banking is an essential strategy in the sustainable development orientation of the banking system.