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- Title
GREEN CREDIT ACCORDING TO LAWS AND REGULATIONS IN VIETNAM.
- Authors
VO THI MY HUONG
- Abstract
Green credit is the source of capital provided for business investment projects that effectively use natural resources; respond to climate change; manage the waste; control pollution, improve environmental quality; restore natural ecosystems; conserve nature and biodiversity and generate other environmental benefits to achieve economic prosperity, environmental sustainability and social equity. Therefore, the paper is approached on the basis of a combination of the traditional legal analysis method and the law and economics combining method to clarify the legal and economic aspects of green credit according to the criteria of green growth and sustainable development. The research results show that green conditions for credit granting requests are the basis for credit institutions to make credit granting decisions that not only meet the requirements prescribed by law but also ensure the harmony among benefits of credit institutions (as a business entity in the economy), investors (with many risks that are difficult to predict) as well as macroeconomic development goals through development stage. Legalizing the green content in credit granting is a task that needs to be implemented immediately. This contributes to promoting the development of many green projects and environmentally friendly projects as well as minimizes negative impacts from credit granting decisions which does not rely on green criteria in practice and minimizes legal risks for stakeholders.
- Publication
Lex Humana, 2022, Vol 14, Issue 2, p365
- ISSN
2175-0947
- Publication type
Article