TAILIEUCHUNG - Factors affecting green banking practices: Exploratory factor analysis on Vietnamese banks

This paper aims at studying the factors affecting green banking practices in Vietnam and the role of green banking in sustainable development of the Vietnamese economy. A large scale survey conducted with 32 banks and financial organizations in Vietnam to obtain 329 questionnaire forms in the period from May to July 2016 provides evidence for the research. | 4 Tran Thi Thanh Tu & Nguyen Thi Phuong Dung / Journal of Economic Development 24(2) 04-30 Factors affecting green banking practices: Exploratory factor analysis on Vietnamese banks TRAN THI THANH TU University of Economics and Business, Vietnam National University – tuttt@ NGUYEN THI PHUONG DUNG University of Economics and Business, Vietnam National University ARTICLE INFO ABSTRACT Article history: This paper aims at studying the factors affecting green banking practices in Vietnam and the role of green banking in sustainable development of the Vietnamese economy. A large scale survey conducted with 32 banks and financial organizations in Vietnam to obtain 329 questionnaire forms in the period from May to July 2016 provides evidence for the research. By using EFA analysis and the regression model, we find that understanding the definitions of green banking, the current activities of green banking, the advantages in developing green banking, and the focused sectors have positive relationships with the willingness of Vietnamese banks to adopt green banking practices, whereas the barriers have negative relationships with the willingness to utilize green banking services among Vietnamese banks. From the research findings, we suggest some solutions to not only enhance the understanding of the importance of green banking in economic development but also improve the willingness to follow green banking practices among Vietnam’s banking institutions. Received: Nov. 10, 2016 Received in revised form: Feb. 10, 2017 Accepted: Mar. 31, 2017 Keywords: Green banking Factors Green finance EFA analysis Vietnamese banks Tran Thi Thanh Tu & Nguyen Thi Phuong Dung / Journal of Economic Development 24(2) 04-30 5 1. Introduction In the model of green growth that developing countries including Vietnam are pursuing, the role of green bank in providing banking and financial green services are increasingly important to the success of the green growth

• Ngân hàng - Tín dụng
• Green banking
• Green finance
• EFA analysis
• Vietnamese banks
• Vietnamese economy
• Green economy
• Green credit
• Green credit development
• Green investment products
• Customers of six different banks
• Green Banking service
• Environmental friendly practices
• Concept of green banking
• Private sector banks
• Green credit in Vietnam
• Green banking development
• commercial banks in Vietnam
• Banking service quality
• Banking business
• Green banking awareness in Nigeria
• Green banking awareness
• Challenges and sustainability in Nigeria
• Support efforts towards
• Experienced natural disasters
• Mô hình “Green Banking”
• Ngân hàng TMCP Bưu điện Liên Việt
• Mô hình ngân hàng xanh
• Chính sách tiền tệ
• Định hướng đầu tư xanh
• Bank credit
• Banking system
• Developing green economy
• Sustainable socio economic development
• Ensuring ecological environment
• Green IT practices
• Industries of Bangalore city
• ITES and Banking services
• Ratio of 3:2:1
• Employee green behavior
• Journa science
• International journal of financial research
• Input Output analysis
• Green financing
• Customer loyalty
• Corporate Social Responsibility
• Vietnam banking sector
• Banking services
• Green environment
• Ethical responsibility
• Model Selection Tests
• Stem Cell
• Novel Pathogenesis
• Pathogenesis of Endometriosis
• Green Tea
• Tea for Endometriosis
• Role of banks initiative
• Thereby reducing internal
• External carbon footprints
• Shri O P Bhatt
• Use of resources