GREEN BONDS TO FINANCE INFRASTRUCTURE DEVELOPMENT: INTERNATIONAL EXPERIENCE AND IMPLICATIONS FOR IMPLEMENTATION IN VIETNAM

Tóm tắt

As Vietnam confronts rapid urbanization and mounting environmental pressures, traditional public funding and bank lending fall short of financing the estimated USD 480 billion needed for sustainable infrastructure by 2030. Green bonds-fixed income instruments dedicated to projects with clear environmental benefits-have mobilized over USD 1 trillion globally, financing renewable energy, clean transport, water management, and climate resilient urban works. This paper examines international best practices across Europe, North America, and Asia Pacific, then assess Vietnam’s emerging green bond market-highlighting its legal framework for sovereign, municipal, and corporate green bonds, recent sovereign and corporate issuances; propose actionable recommendations to help Vietnam achieve its net zero emissions commitment by 2050.