Factors Affecting the Application of Green Accounting in Vietnamese Small and Medium-Sized Enterprises

Abstract

In the current context, sustainable development has become a common trend among countries worldwide. For businesses, green accounting is an important financial management tool that enables organizations to monitor and report environmental-related costs, thereby optimizing expenses, increasing profits, enhancing social responsibility, and promoting sustainable development. In Vietnam, the number of small and medium-sized enterprises (SMEs) has been increasing rapidly. However, this rapid growth has also led to negative environmental impacts.

This study aims to examine the factors influencing the adoption of green accounting in Vietnamese SMEs. The research applies a mixed-method approach, combining qualitative methods with quantitative analysis using reliability testing (Cronbach’s Alpha), exploratory factor analysis (EFA), correlation analysis, and linear regression modeling through SPSS 26 software. The results indicate that six factors influence the adoption of green accounting in Vietnamese SMEs, including: legal regulations, social trends, stakeholder pressure, managerial awareness, advanced technology, and the competency level of accounting staff. This research provides a foundation for proposing recommendations to promote the adoption of green accounting among Vietnamese SMEs.