Page 405 - Ebook HTKH 2024

DISCUSSION ON GREEN CREDIT FOR INDIVIDUAL CUSTOMERS

CONSUMING GREEN INDUSTRIAL PRODUCTS AT VIETNAM
COMMERCIAL BANKS

Nguyen Thi Binh Yen 180 , Nguyen Thi Kim Dung 181 , Nguyen Thu Ha 182 ,
183
Duong Thi Thanh Thuy

Abstract: Green bonds are financial instruments issued by businesses, the Government, and
financial institutions to mobilize investment capital for green projects, renewable economic projects,
circular economic projects, environmental treatment projects, and climate change response projects.
According to the World Bank's calculations, to develop a green economy in the period of 2022 - 2050,
Vietnam needs up to 436 billion USD in capital. According to the calculations of the Ministry of
Planning and Investment, to develop green initiatives and move towards the goal of zero net emissions
by 2050, Vietnam needs to mobilize about 144 billion USD. According to global experience, an effective
tool to mobilize capital is to issue green bonds. The article uses qualitative research methods to analyze
the current status of the development of the Vietnamese corporate bond market in recent years, giving
some assessments related to green bonds and recommending related solutions.
Keywords: Green credit, credit for individual customers, banks, consumption of green industrial
products, businesses

1. Problem statement
The problems of environmental pollution, resource depletion, and climate change

are becoming increasingly serious. To solve this problem, sustainable programs, green
economic growth, and climate change response have been and are being implemented
on a global scale. From these programs, green products are developed, green product
consumer markets are formed, including green industrial product consumer markets.
Developing groups of individuals consuming green industrial products to contribute to
the development of the green product market is a practical requirement for green
economic growth.
Green industrial products are green products in the energy-saving industry such as

solar panels, electric vehicles, solar water heating systems, and energy-saving air
conditioners; or they are industrial products made from natural ingredients, do not
contain harmful chemicals during use or when in contact. Green industrial products have
one of the following characteristics: In production: Use less raw materials, fuels,
materials; minimize packaging, do not contain toxic substances; In use: Save energy,
fuel, health safety; In disposal: Can be regenerated, reused and have little negative

impact on the environment. However, the consumption of green industrial products by
individuals is affected by many factors such as: Environmental awareness (individual
consumers who are knowledgeable and concerned about environmental issues will tend
to support and purchase green industrial products); Knowledge and information

180 Hanoi Open University, Email: binhyen@hou.edu.vn
181 Hanoi Open University
182 Hanoi Open University
183 Hanoi Open University
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