FiinRatings & PIDG: Strengthening collaboration for unlocking investments in Vietnam’s sustainable infrastructure

On February 27, 2025, FiinRatings and the Private Infrastructure Development Group (PIDG) co-hosted the event "Investing in Vietnam’s Future: Unlocking Infrastructure Opportunities in the New Era" at the Office of Australian Embassy in Hanoi.

On February 27, 2025, FiinRatings and the Private Infrastructure Development Group (PIDG) co-hosted the event "Investing in Vietnam’s Future: Unlocking Infrastructure Opportunities in the New Era" at the Office of Australian Embassy in Hanoi.   

The event took place as Vietnam enters a new era of growth, focusing on mobilizing long-term capital for sustainable infrastructure development. This event builds on the collaborative experience between FiinRatings and PIDG over the year 2024. 

Mr. Nguyen Quang Thuan (CEO of FiinRatings) delivered a speech at the event.

The two parties have reviewed the cooperative activities between them through credit guarantcredit ratings, green bonds, credit risk assessment in bond guarantee transactions, and PIDG’s capital investment in Vietnamese enterprises. Some transactions that PIDG invested or guaranteed in 2024 includes: 

• Payment Guarantee for a Bond of VND875bn issued by Hoa Binh – Xuan Mai Water Supply Company under AquaOne Group. The bond has been rated AAA and green labelled under ICMA’s Green Bond Principles by FiinRatings. 

• Payment Guarantee for a Bond of VND1,000bn issued IDI with green labelled in alignment with the ICMA’s Green Bond Principles by FiinRatings. 

• The $4 Million Convertible Loan for Dat Bike executed by InfraCo Asia (a PIDG subsidiary) to facilitate the expansion of electric motorcycle production. 

• The $20 Million Investment in CME Solar executed by the Emerging Africa and Asia Infrastructure Fund (EAAIF), a PIDG-affiliated fund, to accelerate the development of rooftop solar energy solutions in Vietnam. 

PIDG representatives also shared their strategy in Vietnam for the coming years through member entities like GuarantCo (specializing in credit guarantees), InfraCo Asia (a debt investment fund), and the Emerging Africa and Asia Infrastructure Fund (EAAIF) and Ninety One (an equity investment fund). 

Alongside discussions on new developments in the capital market and innovative financial solutions to promote sustainable investment in Vietnam, both parties, along with underwriting and advisory firms including Vietcombank Securities, Mirae Asset Securities, Fast Capital and leaders from some Vietnamese infrastructure companies, shared insights and lessons on participating in the development of Vietnam's capital market. This aims at achieving Vietnam's common goals and benefiting all parties, especially Vietnamese enterprises with infrastructure projects, and investment funds and insurance companies seeking long-term capital investments with appropriate risk and interest rate profiles.  

______________________________________________

The Private Infrastructure Development Group (PIDG) is a pioneering organization in financial and infrastructure development, funded by the governments of six countries, including Australia, Germany, the Netherlands, Sweden, Switzerland, and the United Kingdom, and the International Finance Corporation (IFC) under the World Bank. PIDG collaborates with public and private sector partners to bridge financial gaps, directing capital and expertise into projects that enhance climate change resilience and sustainable growth. Throughout the project lifecycle, PIDG plays roles in mitigating financial risk, transforming markets, and developing local implementation capacity.  

Since its establishment in 2002, PIDG has deployed USD 1.9 billion in ODA capital, which has been distributed and transformed into USD 5.2 billion in investment commitments. As a result, USD 40 billion has been invested in PIDG projects, with nearly half of the capital coming from private sector investors. To date, 211 projects have completed financial agreements. Approximately 223 million people in 40 countries have benefited or are expected to benefit from access to new and improved infrastructure due to PIDG's activities. 

_____________________________________________

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. 

« Go Back