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The Development of Green Bond in Developing Countries: Insights from Southeast Asia Market Participants

Author

Listed:
  • Anh Huu Nguyen

    (National Economics University)

  • Thinh Gia Hoang

    (Institute of Economics and Strategic Management
    University of Economics Ho Chi Minh City)

  • Duy Thanh Nguyen

    (Eastern International University)

  • Loan Quynh Thi Nguyen

    (National Economics University
    Institute of Economics and Strategic Management)

  • Duong Thuy Doan

    (National Economics University)

Abstract

Given the increasing importance of green bond as the main funding source for the Sustainable Development Goals, the green bond is an emerging concept in the region of Southeast Asia. In addition, the concurrent Covid-19 pandemic has caused disruption to the development of green bond around the world. This research explores the current development status of the green bond in Southeast Asian countries. A total of thirty-two semi-structured interviews were held with capital market participants in Southeast Asian countries. The results highlight barriers, opportunities, and regulation difficulties, and expected growth for the development of the green bond market. This research is concluded by indicating several propositions that can be tested in the future to generalize the findings from this work. We thus extend the knowledge of green bond in the financial markets of Southeast Asian countries, which also delivers implications for practitioners and policy-makers regarding the development of green bond in Southeast Asian countries.

Suggested Citation

  • Anh Huu Nguyen & Thinh Gia Hoang & Duy Thanh Nguyen & Loan Quynh Thi Nguyen & Duong Thuy Doan, 2023. "The Development of Green Bond in Developing Countries: Insights from Southeast Asia Market Participants," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 35(1), pages 196-218, February.
    • Handle: RePEc:pal:eurjdr:v:35:y:2023:i:1:d:10.1057_s41287-022-00515-3
    DOI: 10.1057/s41287-022-00515-3
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