| Abstract |
This study analyzes how economic sustainability in Vietnam could be promoted by realizing opportunities represented by green investment, digitalization, and financial development. The relationship between digitali-zation, green investment, financial development, and sustainable development has yet to be thoroughly inves-tigated. In addition, no research has been conducted in Vietnam on the relationship between these indicators to the best of our knowledge. By doing so, we adopt a novel three-stage methodology comprising quantile-on-quantile regression developed by Sim and Zhou (2015), Granger causality in quantiles proposed by Troster (2018), and wavelet analysis. The findings demonstrate a strong positive effect of digitalization, green invest-ment, and financial development on economic sustainability in Vietnam across most quantiles, indicating that investment in green resources, technology innovation, and financial development supports the country's tran-sition to sustainable development. Overall, the empirical findings show that digitalization, green investment, and financial development can all play a significant role in significantly increasing the sustainability of Vietnam's current high economic growth trajectories. The findings could create a roadmap for developing countries to use technology innovation, green investment, and financial development in productive sectors to accomplish sus-tainable development goals. |