The role of Fintech in promoting the green bond market toward sustainable development

Abstract

Developing the green bond market is one of the goals of most countries aiming to achieve
sustainable development. The increasingly strong development of financial technology is suggested
to have an impact on the green bond market. The article focuses on clarifying the impact of financial
technology on the green bond market using qualitative and quantitative research methods. Data collected
from ASEAN+3 countries, including Vietnam, from 2011 to 2021 are used for the fixed effects regression
method, the random effects regression method, and GLS regression models. The regression results
demonstrate that financial technology positively impacts the development of the green bond market. This
is the basis for proposing several recommendations for developing financial technology and infrastructure
to promote the development of the green bond market in Vietnam