Factors affecting the applying promotion of green accounting in Vietnam

Abstract

Green accounting is a type of accounting that recognizes and calculates environmental cost factors into the financial results of an enterprise. The main purpose of green accounting is to help businesses understand and manage the interrelationship between traditional economic goals and environmental goals, towards sustainable development. Applying green accounting helps businesses not only ensure compliance with environmental laws, increase their reputation and position in the current new global competitive trend, but also help contribute to the development of the international economy in a sustainable way. Based on the survey results conducted by the author in 2021 with 252 enterprises in Vietnam, the study indicates two groups of factors affecting the promotion of the application of green accounting in enterprises, which is the group of factors belonging to state management agencies (Regulations, Manuals, Remuneration & Sanctions regime) and group of factors belonging to the enterprise (Corporate culture & Industries).