The Role of FinTech in Supporting the Implementation of Viet Nam's Green Taxonomy: A Multiple-Case Study of the Sustainable Finance Ecosystem (Journal of Economic and Banking Studies)
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- A survey showed that 39% of enterprises had never heard of ESG and 62% were unfamiliar with current regulations.p.5
- Decision No. 13/2024/QD-TTg mandates 2,166 facilities in Viet Nam to conduct greenhouse gas inventories.p.10
- BIDV holds approximately 15% market share in Viet Nam's lending and deposits sector.p.10
- Survey evidence reveals that 48% of listed companies in Viet Nam had no clearly identified ESG leader.p.13
Key insights
- A significant operational gap persists between Viet Nam's national green taxonomy framework and local financial institutions' capacity to apply it.p.4
- FinTech acts as a supporting tool rather than a driver of systemic transformation in operationalising Viet Nam's green taxonomy.p.4
- Implementation of green FinTech solutions is limited by cross-system data integration difficulties, low organisational capacity in small entities, and unaligned legal-technical guidance.p.4
- In Viet Nam's green finance ecosystem, private infrastructure development has preceded the establishment of unified national data standards.p.11
- Independent verification infrastructure remains a primary operational bottleneck for green taxonomy execution rather than the availability or volume of data.p.12
- Organisational and regulatory barriers present greater obstacles to green FinTech adoption in Viet Nam than technological constraints.p.16
Funders mentioned
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