Green Bond Eligibility Criteria: International Experiences and Policy Recommendations for Vietnam

Nguyen Thi Lan Huong; Lam Quoc Bao; Le Thi Kim Hoa; Ly Gia Khanh; Nguyen Dieu Linh

doi:10.2478/vjls-2026-0029

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Green Bond Eligibility Criteria: International Experiences and Policy Recommendations for Vietnam

Vietnamese Journal of Legal Sciences

Volume 17 (2026): Issue 2 (August 2026)

By: Nguyen Thi Lan Huong, Lam Quoc Bao, Le Thi Kim Hoa, Ly Gia Khanh and Nguyen Dieu Linh

Open Access

|Sep 2026

Abstract

This article examines the legal criteria for determining eligible green projects for green bond financing, drawing on international standards and the experiences of the European Union, China, and Vietnam. It identifies two essential elements of green bond eligibility: alignment with a Green Taxonomy and compliance with a defined Use of Proceeds (UoP) threshold. While Vietnam has established a National Green Taxonomy, its legal framework does not yet provide a quantitative UoP threshold. The article argues for a legally binding and appropriately calibrated UoP threshold, supported by robust verification and monitoring mechanisms, to strengthen market integrity, mitigate greenwashing, and facilitate the mobilisation of green finance in Vietnam.

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Articles in this issue

DOI: https://doi.org/10.2478/vjls-2026-0029 | Journal eISSN: 2719-3004 | Journal ISSN: 2719-5872

Journal RSS Feed

Language: English

Page range: 28 - 43

Submitted on: Nov 8, 2024

Accepted on: Jun 30, 2025

Published on: Sep 9, 2026

Published by: Hochiminh City University of Law

In partnership with: Paradigm Publishing Services

Publication frequency: 3 issues per year

Keywords:

green bonds,

green bond eligibility criteria,

green taxonomy,

use of proceeds (UoP),

green finance,

sustainable finance,

Vietnam

Related subjects:

Business and economics,

Political economics,

Economic policy,

Law,

International law, foreign law, comparative law,

International law, foreign law, comparative law, other,

Commercial law,

Commercial law, other,

© 2026 Nguyen Thi Lan Huong, Lam Quoc Bao, Le Thi Kim Hoa, Ly Gia Khanh, Nguyen Dieu Linh, published by Hochiminh City University of Law
This work is licensed under the Creative Commons Attribution 4.0 License.

Volume 17 (2026): Issue 2 (August 2026)