Credit enhancement facility for private infrastructure development in Vietnam workshop

Hanoi, January 12th, 2024 - FiinGroup, in collaboration with the Private Infrastructure Development Group (PIDG) based in London, UK, and the Australian Embassy and British Embassy, hosted a technical workshop on "Credit enhancement facility for private infrastructure development in Vietnam”. 

The workshop aimed to assess the demand for capital and financial resources for Vietnam's sustainable infrastructure development and to discuss credit enhancement solutions proposed by PIDG to unlock the domestic capital sources for investments in sustainable infrastructure in the country. The speakers also discussed how the solutions can contribute to the development of corporate bond market as well as supporting Vietnam's high and sustainable economic growth in the years to come. 

The Event was organized with executive representatives from the Party's Central Economic Commission, the Ministry of Finance, the State Bank of Vietnam, the National Financial Supervisory Commission, the State Securities Commission; associations including the Vietnam Bond Market Association (VBMA), Vietnam Banks Association (VNBA); the World Bank (WB), major investment funds, commercial banks, and prominent Vietnamese infrastructure developers. 

For Technical Report on Credit Enhancement Facility for Vietnam, please click here

For the speakers’ presentation deck, click here

About PIDG 

The Private Infrastructure Development Group (“PIDG”) is an innovative infrastructure development and finance organization funded by six governments including Australia, Germany, the Netherlands, Sweden, Switzerland, the United Kingdom and the IFC. PIDG works with public and private partners to bridge financing gaps, directing capital and expertise into projects that promote climate resilience and sustainable growth. Working throughout the project lifecycle, we reduce financial risk, transform markets, and build local capacity. 

Since our founding in 2002, we have deployed US$1.9B in official development assistance, which has been deployed and recycled into US$5.2B in investment commitments. These have led to US$40B in investment in PIDG projects, with almost half of that amount coming from the private sector. 211 of our projects have reached financial close. In total, approximately 223 million people in 40 countries have or are expected to gain access to new or improved infrastructure as a result of our work. 

About FiinGroup   

Established in 2008, FiinGroup is a leading integrated service provider of financial data, business information, industry research, credit rating service, and other data-driven analytics services for the Vietnam market. We are serving more than 1,000 local and foreign financial institutions and corporations through our fintech platform as a service (PaaS), annual packages and on-call services. For more details of FiinGroup’s information and other services, please visit: https://www.fiingroup.vn/ .

FiinRatings Joint Stock Company (“FiinRatings”), a member of FiinGroup and a technical collaboration partner with S&P Global Ratings, is a local licensed Credit Rating Agency in Vietnam. FiinRatings provides credit ratings and related services to issuers, creditors, and investors in Vietnam credit market. FiinRatings has developed and standardized credit rating models for more than 50 industries and sub-sectors of Vietnamese enterprises.  For more details, please visit: https://www.fiingroup.vn/.