GREEN BONDS: WORLD’S EXPERIENCES, CURRENT STATUS AND PROPOSAL FOR IMPROVING VIETNAMESE LAW

Keywords: Green bonds, Climate Changes, Vietnam, Law.

Abstract

Vietnam is a developing country, often adversely affected by environmental pollution and climate change. One of the main reasons leading to this situation is outdated production technologies, which is not environmentally friendly. This situation has been causing serious impacts on the economy and society of this country. According to the experience of developed countries and to fulfill national commitments on the environment, investment projects in production and business are encouraged to be implemented in an environmentally friendly manner. To do this, investors, especially businesses, need to mobilize a certain financial source to equip facilities and production technologies that cause less pollution. Among financial instruments, green bonds are an emerging factor applied by many countries around the world and Vietnam is also ready to test it. However, up to now, the issuance of green bonds in Vietnam has not been possible because of the lack of a complete legal mechanism. So, this article will analyze Vietnamese law on this issue on the basis of learning experiences from other countries to come up with a complete solution for Vietnam.

Author Biography

Luu Quoc Thai, Hochiminh city University of Law, Vietnam

Lecturer, Faculty of Commercial Law, Hochiminh city University of Law, Vietnam

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Published
2021-11-14
How to Cite
Thai, L. Q. (2021). GREEN BONDS: WORLD’S EXPERIENCES, CURRENT STATUS AND PROPOSAL FOR IMPROVING VIETNAMESE LAW. American International Journal of Social Science Research, 9(1), 56-69. https://doi.org/10.46281/aijssr.v9i1.1437
Section
Research Paper/Theoretical Paper/Review Paper/Short Communication Paper