Green financing for sustainable development: Insights from multiple cases of Vietnamese commercial banks
通过六家越南商业银行的定性研究,分析了国内外银行在推动绿色商业中的促进因素与挑战,并展示了疫情期间绿色融资的实践。
Abstract Although the public sector is seen as the main party responsible for taking action on climate change and sustainable development, private commercial banks are in a unique position to support or shift the funding focus on green investment. By employing a qualitative research approach based on six commercial banks, this paper aims to investigate the current practices of how commercial banks are contributing to advance green business initiatives. Accordingly, this research examines and identifies the facilitators and challenges in domestic and foreign commercial banks in Vietnam which support green business initiatives. In addition to addressing the recent calls for the investigation of the role of commercial banks in facilitating green finance, our study expands the emerging literature by demonstrating the current efforts of Vietnam's commercial banks in fostering green finance during the Covid‐19 pandemic.