Sustainable Banking Development Model and Recommendations for Vietnam

Nguyen Loi

International Journal of Finance, Insurance and Risk Management, 2024, vol. 14, issue 4, 58-66

Abstract: Purpose: The article proposes a sustainable banking development model based on integrating content from previous banking development models and meeting the requirements of supporting national sustainable development, as well as the influence of factors from the business environment and internal banking environment on sustainable banking development to build the model. Design/Methodology/Approach: The author builds a sustainable banking development model (SFISETAS) based on analyzing the main factors affecting sustainable banking development from the internal environment and banking business environment, that is: Strategy (S); Finance (F); Institution (I); Society (S); Economics (E); Technology (T); Administration (A); Staff (S). Findings: There are currently 35 domestic commercial banks operating, of which 27 banks are listed on the stock exchange. Vietnam's commercial banking system has gone through many stages of ups and downs in its development, in each stage there is a mixture of social banking models, ethical banking models and green banking model. By 2015, Vietnamese commercial banks began to pay attention to sustainable banking development. Practical Implications: Sustainable development is being pursued by businesses, countries and international organizations to seek long-term stable development in the globalization trend. Commercial banks operate in the field of currency and credit, related to most areas of the country's economic and social life, experiencing many ups and downs with many different development models. Originality/Value: Banks are interested in sustainable development trends, this article gives some insights how to achieve it.

Keywords: Banks; commercial banks; sustainable banking; sustainable banking development; sustainable banking products and services; sustainable banking models; SFISETAS. (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ers:ijfirm:v:14:y:2024:i:4:p:58-66

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