Sustainable Finance
Introduction
FiinRatings provides independent assessments and authorized verification services for sustainable financial instruments, issuance frameworks, and transactions to ensure compliance with the principles and standards of reputable organizations such as the International Capital Market Association (ICMA) and the Climate Bonds Initiative (CBI).

Benefits for Issuers:

Enhance capital accessibility and broaden the opportunities to access capital from both international and domestic investors oriented towards Environmental, Social, and Governance (ESG) criteria.

Enhance credibility through a commitment to transparency in sustainable development activities and sustainable financial instruments – independently verified based on internationally recognized principles and standards that are widely adopted.

Benefits for Investors:

Save resources and time on due diligence through FiinRatings’ comprehensive assessment reports.

Improve the comparability of sustainable financial instruments within the same sector or market.

Contribute to a sustainable, low carbon economy through high-liquidity, responsible investments that effectively combine financial returns with climate change mitigation.
Products and Services
FiinRatings offers a range of sustainable finance products and services, including:
Second-Party Opinion (SPO) on the Green, Social, Sustainable, and Sustainability-Linked Bond Framework
Ensuring compliance with international principles issued by reputable organizations such as the International Capital Market Association (ICMA), which helps investors easily identify opportunities and sustainable financial instruments.
Verification of Financial Frameworks for Debt Instruments
In accordance with the Climate Bond Standard issued by the Climate Bonds Initiative. It also includes the independent verification of environmental, social, and sustainability performance, or key performance indicators (KPIs) and sustainability targets for sustainability-linked instruments based on designated criteria.
Assurance Services
Providing evaluations of compliance with investment policies, processes, or transaction documents based on sustainable finance principles and guidelines published by a third party designated by the client.
Sustainability Consulting
Offering advisory solutions for businesses in developing sustainable financial strategies, transition finance, and mitigating negative environmental impacts.
Methodology
We develop our methodology by combining international standards with the unique traits of the domestic market to provide independent, reliable, transparent assessments that meet sustainable development needs.
01
Reviewing industry-specific sustainability factors with tailored sustainability criteria and benchmarks. We base on best practices and industry trends, and customized to address material ESG risks and opportunities for each sector.
02
Delivering clear, comprehensive, and actionable insights as a foundation for investor decision-making.
03
Updating our methodology based on the latest standards and principles, reflecting market developments and in-depth research to optimize the evaluation process.

Mr. Nguyen Tung Anh, MSc
Director of Credit Research and Sustainable Finance Services
With over 10 years of experience, Tung Anh has made significant contributions to the development of securities market policies and the establishment of green bond frameworks for enterprises based on international standards.

Ms. Nguyen Thao Hanh
Senior Analyst, Credit Research and Sustainable Finance Services
Ms. Hanh currently serves as a Senior Credit Risk Analyst at FiinRatings, responsible for preparing the Vietnamese Corporate Bond Market Report and leading research and advisory projects. Previously, she worked at VPBank and FiinResearch (a FiinGroup subsidiary), where she gained experience in credit and industry research. Ms. Hanh holds a Bachelor’s degree in Business from RMIT University (Vietnam) and a Master’s degree in Banking and Finance from Macquarie University (Australia).

Ms. Hanh currently serves as a Senior Credit Risk Analyst at FiinRatings, responsible for preparing the Vietnamese Corporate Bond Market Report and leading research and advisory projects. Previously, she worked at VPBank and FiinResearch (a FiinGroup subsidiary), where she gained experience in credit and industry research. Ms. Hanh holds a Bachelor’s degree in Business from RMIT University (Vietnam) and a Master’s degree in Banking and Finance from Macquarie University (Australia).

Ms. Dinh Thuy Hang
Senior Analyst, Credit Research and Sustainable Finance Services
Ms. Hang is a Senior Research Analyst at FiinRatings specializing in credit risk analysis and sustainable finance. She also participates in investment advisory projects and green verification activities for corporate clients. Previously, she gained diverse experience by working as an Audit Assistant at PwC Vietnam and evaluating internal control systems for numerous companies and conglomerates across sectors such as electronics, information technology, media & advertising, real estate & construction, e-commerce, logistics, and financial services. Ms. Hang holds a Bachelor’s degree in Auditing from National Economics University.

Ms. Hang is a Senior Research Analyst at FiinRatings specializing in credit risk analysis and sustainable finance. She also participates in investment advisory projects and green verification activities for corporate clients. Previously, she gained diverse experience by working as an Audit Assistant at PwC Vietnam and evaluating internal control systems for numerous companies and conglomerates across sectors such as electronics, information technology, media & advertising, real estate & construction, e-commerce, logistics, and financial services. Ms. Hang holds a Bachelor’s degree in Auditing from National Economics University.

Ms. Dao Yen Nhung
Senior Analyst, Credit Research and Sustainable Finance Services
With expertise in credit research and financial modelling, Ms. Nhung was appointed as a Senior Credit Risk Analyst at FiinRatings and has participated in various investment advisory and corporate due diligence projects for institutional investors. She holds a Bachelor’s degree in Finance from the Advanced Finance Program at National Economics University and has passed Level II of the CFA Program. Prior to joining FiinRatings, she worked as a financial analyst at AFA Capital.

With expertise in credit research and financial modelling, Ms. Nhung was appointed as a Senior Credit Risk Analyst at FiinRatings and has participated in various investment advisory and corporate due diligence projects for institutional investors. She holds a Bachelor’s degree in Finance from the Advanced Finance Program at National Economics University and has passed Level II of the CFA Program. Prior to joining FiinRatings, she worked as a financial analyst at AFA Capital.