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Impact of green finance and environmental tax on sustainable development: Evidence from Vietnam

Author

Listed:
  • Le Tran Ha Trang

    (National Economics University, 207 Giai Phong Str, Hai Ba Trung Dist, Hanoi, Vietnam)

  • Nguyen Thi Dieu Chi

    (National Economics University, 207 Giai Phong Str, Hai Ba Trung Dist, Hanoi, Vietnam)

  • Cao Thi Y Nhi

    (National Economics University, 207 Giai Phong Str, Hai Ba Trung Dist, Hanoi, Vietnam)

  • Dang Thi Thuy Hong

    (National Economics University, 207 Giai Phong Str, Hai Ba Trung Dist, Hanoi, Vietnam)

Abstract

The worldwide need for environmental preservation and robust economic development has garnered significant interest from scholars and politicians. This study examines the influence of green finance and environmental protection tax on Vietnam’s financial sustainability and the transition towards a green economyas an emerging economy. The study obtained data from the Central Bank of Vietnam and World Bank Indicators covering 2012 to 2022. The authors used the Ordinary Least Squares approach to examine the associations between the variables. The analysis and examination of the data used Stata 19 software. The findings show a favourable correlation between green finance and environmental tax on sustainable development goalswith all control variables. These results have prompted authorities to focus on green finance and environmental issues in the progress towards the country’s green economy and sustainable development.

Suggested Citation

  • Le Tran Ha Trang & Nguyen Thi Dieu Chi & Cao Thi Y Nhi & Dang Thi Thuy Hong, 2024. "Impact of green finance and environmental tax on sustainable development: Evidence from Vietnam," Environmental & Socio-economic Studies, Sciendo, vol. 12(3), pages 1-10.
    • Handle: RePEc:vrs:enviro:v:12:y:2024:i:3:p:1-10:n:1001
    DOI: 10.2478/environ-2024-0015
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