FiinRatings Partners with BIDV to Promote Green Bonds Market

In October 2024, BIDV published its Green Bond Allocation and Impact Report for the 2023 green bond issuance, which financed two key projects: a Wind Power Plant and Electric Vehicles. This report, independently assessed by FiinRatings, affirms BIDV’s strict adherence to the Green Bond Framework and highlights FiinRatings' credibility, as shared by Mr. Tran Long, Deputy CEO of BIDV.

In October 2024, BIDV published its Green Bond Allocation and Impact Report for the 2023 green bond issuance, which financed two key projects: a Wind Power Plant and Electric Vehicles. This report, independently assessed by FiinRatings, affirms BIDV’s strict adherence to the Green Bond Framework and highlights FiinRatings' credibility, as shared by Mr. Tran Long, Deputy CEO of BIDV. 

FiinRatings is proud to to serve as the post-issuance reviewer, ensuring transparency and efficiency in the allocation of green bond proceeds. Through these independent and objective assessments, FiinRatings not only underscores BIDV’s commitment to compliance with international standards but also ensures that funds are allocated to their intended purposes, enhancing BIDV’s reputation among investors. 

FiinRatings’ collaboration with BIDV on these exemplary green projects not only drives the growth of Vietnam’s green bond market but also stands as a testament to its commitment to supporting enterprises in sustainable development, promoting green transformation, and protecting the environment for a better future! 

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About FiinRatings 
FiinRatings, a member of FiinGroup and technical partner of S&P Global Ratings, is a licensed credit rating agency under Vietnam’s Ministry of Finance. Our services include credit ratings, green bond verification, and independent evaluations (Second Party Opinion - SPO), catering to issuers, lenders, and investors across diverse sectors in Vietnam. 

FiinRatings’ SPO services provide independent evaluations of financial instruments, policy frameworks, or transactions aligned with principles set by global institutions like the International Capital Market Association (ICMA) and the Climate Bonds Initiative (CBI). Notably, FiinRatings is the first approved verifier for CBI Climate Bond Standards in Vietnam. 

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