tailieunhanh - Experiences of green credit development lessons learned for Vietnam

This article studies the experiences of green credit development in some countries in the world such as China, Korea, and Germany. From the difficulties in applying green credit in China, or the successes of applying green credit in Korea and Germany, this study highlights several recommendations and suggests lessons learned from these countries for Vietnam. | VNU Journal of Science: Economics and Business, Vol. 32, No. 2 (2016) 69-76 INFORMATION Experiences of Green Credit Development Lessons Learned for Vietnam Do Thi Van Trang* VNU University of Economics and Business, 144 Xuan Thuy Str., Cau Giay Dist., Hanoi, Vietnam Abstract This article studies the experiences of green credit development in some countries in the world such as China, Korea, and Germany. From the difficulties in applying green credit in China, or the successes of applying green credit in Korea and Germany, this study highlights several recommendations and suggests lessons learned from these countries for Vietnam. Received 23 December 2015, revised 9 June 2016, accepted 28 June 2016 Keywords: Green economy, green banking, green credit. 1. Introduction * strategy. One of the most effective issues that has been applied in many countries is green banking, which concentrates on green credit. Sahoo and Nayak (2008) [1] and Bihari (2010) [2] indicated the importance of green banking in international experience and addressed important lessons for sustainable banking and development in India. Biswas (2011) [3] paid attention to the major benefits, confronting challenges and strategic aspects of green banking. Commercial banks should become green and implement a pro-active role to take on environmental and ecological issues as part of their lending principle. Commercial banks should structure their economics for environmental management purposes and the use of green technologies and green management systems. Bahl (2012) [4] and Kaeufer (2010) [5] mentioned that green banking should be concerned in promoting environmental and social responsibility through providing banking services in order to maintain sustainable banking. Green banking is also In recent years, the concept of a green economy has become a controversial issue that attracts attention not only from scholars but also politicians. There have been several definitions of the green economy; .