ENHANCE THE APPLICATION OF GREEN FINANCE IN INFRASTRUCTURE PROJECTS IN VIETNAM

Abstract

Green finance is a broad concept referring to the mobilization and utilization of financial resources to support projects that generate long-term positive
impacts on the environment and society. In the context of a global shift towards a green economy and sustainable development, green finance plays a crucial
role in facilitating the implementation of environmentally friendly products, technologies, and policies. However, in Vietnam, green finance is still in its early
stages of development, with an absence of a clear legal framework, a lack of effective performance measurement tools, and limited coordination among
stakeholders - especially in the field of transportation infrastructure construction, which consumes a large amount of capital and has significant environmental
impacts. This paper focuses on examining the current status of green finance implementation in Vietnam's transportation infrastructure sector. Through surveys,
it aims to identify and analyze the key barriers hindering the widespread adoption of green finance in this area. Based on the findings, the paper proposes a
green finance framework for transportation infrastructure projects consisting of seven key steps. Finally, the article proposes several groups of specific solutions
to address existing barriers, thereby enhancing the integration of green finance into infrastructure projects and contributing to the development of a low-carbon,
sustainable, and climate-resilient economy in Vietnam.