A Pioneering Partner of Vietnamese Enterprises in Promoting Sustainable Finance

As a pioneer in the field of green finance, FiinRatings is the only domestic organization in Vietnam authorized by the Climate Bonds Initiative (CBI) to provide verification services for labelled bonds in alignment with international standards. FiinRatings is committed to supporting Vietnamese enterprises to diversify and optimize capital strategies for environmentally beneficial projects.

As a pioneer in the field of green finance, FiinRatings is the only domestic organization in Vietnam authorized by the Climate Bonds Initiative (CBI) to provide verification services for labelled bonds in alignment with international standards. FiinRatings is committed to supporting Vietnamese enterprises to diversify and optimize capital strategies for environmentally beneficial projects. 

Beyond Corporate Credit Ratings, Debt instrument analysis and Investor-Pay Service, FiinRatings – A Strategic Partner of S&P Global – also pioneers in providing Sustainable Finance Service, including: 

• Second Party Opinions (SPO): On the Green, Social, Sustainability, and Sustainability-Linked Bond frameworks, ensuring compliance with international principles issued by reputable organizations such as the International Capital Market Association (ICMA).  

• Verification of Financial Frameworks for Debt Instruments: Independent verification of financial frameworks for debt instruments in line with the Climate Bonds Standard issued by the Climate Bonds Initiative (CBI).  

• Sustainability Assurance Services: Evaluation of compliance with investment policies, processes, or transaction documents based on sustainable finance principles and guidelines published by third parties designated by the client.  

• Sustainability Consulting: Advisory services to support businesses in developing sustainable financial strategies, transition finance plans, and measures to mitigate negative environmental impacts. 

In 2024, FiinRatings verified a total of VND 4,875 trillion in green bonds, accounting for 63.68% of the total green bond issuance value for the year. This included the VND 875.1 billion green bond of Hoa Binh - Xuan Mai Clean Water Limited Liability Company, the VND 1,000 billion green bond of I.D.I International Development and Investment Corporation, as well as post-issuance verification of the VND 2,500 billion green bond issued by BIDV in October 2023, in alignment with international standards such as ICMA and CBI. 

Notably, the green bond issued by Hoa Binh - Xuan Mai Clean Water Limited Liability Company is the first in Vietnam to have the longest tenure of 20 years for a non-financial enterprise, affirming investors' confidence in sustainable projects. This milestone supports Vietnamese businesses in expanding international capital access, serving the goals of green growth and infrastructure development as visioned by the government.  

FiinRatings remains committed to sharing its methodologies, professional procedures, and practical experience to support enterprises in implementing sustainable development strategies in an effective and responsible manner.  

👉 Full details on Sustainable Finance Service Brochure: THIS LINK

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If you have any questions or require further assistance, please contact us at:

𝐄𝐦𝐚𝐢𝐥: support.fiinratings@fiingroup.vn
𝐓𝐞𝐥: (84-24) 3562 6962

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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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