Green, Social and Sustainability Bonds - Effective tool for Vietnam to achieve sustainable development goals

16 April 2021 - 11:08 AM Alternate Text

 

Hanoi: April 12th 2021; FiinRatings was honored to participate in the launching event of the Handbook 'How-to Issue Guide for Green Bonds, Social Bonds and Sustainability Bonds' in Hanoi. The program was jointly organized by the Climate Bonds Initiative (CBI), the State Securities Commission (SSC), the International Finance Corporation (IFC) and the Swiss State Secretariat for Economic Affairs (SECO).

The event provided various helpful discussions on the potential of green bonds in Vietnam, especially in developing the renewable energy industry as well as sharing successful projects in some Southeast Asian countries, including Malaysia, Thailand and Philippines. This session was also acknowledged issuers’ difficulties while this field hasn’t attracted lots of attention from domestic investors yet. In addition, the lack of synchronous, incomplete legal framework and evaluation criteria for a debt instrument like Green, Social and Sustainability Bonds in Vietnam is also a concerning issue within the session.

FiinRatings is applying to become an Approved Verifier for Green Bonds, following and guiding by the CBI’s international standards. With our advantage in database management system and vast experience in many energy projects serving World Bank (WB), Japan Bank for International Cooperation (JBIC), International Finance Corporation (IFC), etc. FiinRatings aims to be a partner with Vietnamese enterprises not merely in energy field but also other field to expand their investor base and approach international funding sources. Additionally, accompanying with financial market transparency is also one of our prioritized missions for years. With support from Vietnam regulators and international institutions, including Asian Development Bank (ADB) and Climate Bonds Initiative (CBI), we believe that FiinRatings, as an Approved Verifier for Green Bonds will lay the foundation for the development of the green and sustainable economic growth in Vietnam.

FiinRatings, a brand and part of FiinGroup, licensed by the Ministry of Finance to operate as a Credit Rating Agency (“CRA”) for Vietnam. The license was awarded on 20 March 2020 to FiinGroup under the Decree 88/2014/ND-CP dated 26 September 2014 governing Credit Rating Agency services. In case any energy enterprise in Vietnam needing to be advised the credit rating service, please contact us via fiinratings@fiingroup.vn.

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FiinGroup

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