Emphasizing the Factors Affecting the Development of Green Banks in Vietnam

Green banking encourages sustainable economic development and stimulates environmentally
friendly activities. Green banks are understood as banks that provide services associated with
environmental commitments, conservation of natural resources and nature, or implementation of
community benefit programs, or investment in production loans, green, clean the objective of this
study is to assess determinants of green banking adoption in Vietnam. Data of the study was
collected through a survey of officials and employees at commercial banks in Vietnam. The results of
correlation and regression analysis indicate that the influence of macro factors on the level of green
banking is the strongest, followed by the bank's financial capacity, government's supportive policies
and green investment needs of business organizations. Conversely, the capacity of officials and the
bank leader awareness on green banking do not significantly affect the level of green banking
adoption in Vietnam. Therefore raising awareness for businesses about the environment is important
in Vietnam today.