Page 59 - Green Finance 2024

Another substantial challenge is the limited adoption of green finance in Vietnam. “The

level of green finance penetration in Vietnam is still low. Although businesses and

financial institutions are aware of green finance, its application has not yet yielded
significant economic benefits. Therefore, it seems they are neglecting green finance.

Moreover, the lack of widespread general knowledge about green finance, despite

faculty encouragement, means that only a few students are interested enough to explore

this subject further.”

Lastly, there is a challenge in terms of expertise. Eight out of fifteen educators agreed

that while the teaching faculty at universities in Hanoi possesses the necessary capacity

and qualifications to teach green finance, they still lack practical knowledge. Therefore,

providing training courses to enhance their practical knowledge in green finance is
essential. As one respondent noted, “They have theoretical knowledge but mostly access

it through horizontal information such as newspapers and media.”

Furthermore, direct involvement and consultation with businesses and government

entities in operating the green finance market to establish a logical connection between
theory and practice are crucial. “It would be beneficial if lecturers could participate in

comprehensive training courses on green finance rather than relying solely on their

individual research.”

To acquire the necessary knowledge for teaching green finance, most educators stressed
the importance of participating in practical projects and familiarizing themselves with

both successful and unsuccessful green finance models. Afterward, they can develop

green finance case studies that link to fundamental theories. However, this endeavor

requires significant financial support from educational institutions to be successful.

In conclusion, the exploration of challenges faced by educators in delivering green

finance education in Vietnam has shed light on crucial issues that need attention. These

challenges encompass legal constraints, financial limitations, the nascent adoption of

green finance practices, and the necessity for specialized knowledge among educators.

58