FiinRatings partners with VDB to enhance capabilities in Applying Data Analytics and Technology to Credit Risk Assessment

On June 30, 2025, the Vietnam Development Bank (VDB), in collaboration with FiinGroup and FiinRatings, organized a specialized training workshop titled “Application of Data Analytics and Technology in Credit Risk Assessment.” The event aimed to equip credit officers and risk managers from VDB’s head office and nationwide branches with advanced knowledge in preparation for upcoming infrastructure development projects in the private sector and SME lending, aligned with the Resolution No. 68/NQ-TW on promoting the private economic in the new development phase.

On June 30, 2025, the Vietnam Development Bank (VDB), in collaboration with FiinGroup and FiinRatings, organized a specialized training workshop titled “Application of Data Analytics and Technology in Credit Risk Assessment.” The event aimed to equip credit officers and risk managers from VDB’s head office and nationwide branches with advanced knowledge in preparation for upcoming infrastructure development projects in the private sector and SME lending, aligned with the Resolution No. 68/NQ-TW on promoting the private economic in the new development phase. 

With 164 in-person attendees and over 670 online participants, the workshop reaffirmed VDB’s commitment to adopting modern and internationally aligned risk assessment methodologies. 

In the context of Vietnam’s evolving financial system, where greater transparency, standardization, and risk governance effectiveness are increasingly demanded, credit institutions such as VDB are under increasing pressure to modernize their credit risk assessment framework. The adoption of multi-dimensional credit assessment models—combining qualitative, quantitative, and real-time data analytics—not only strengthens credit appraisal quality but also enables more systematic and proactive portfolio credit management. 

Particularly, amid the growing trend of unsecured credit expansion and long-term financing needs for essential infrastructure, energy, clean water, and other key sectors, internal credit rating systems must be restructured towards greater standardization, cycle-resilience, and market adaptability—ultimately contributing to sustainable economic growth. 

The workshop featured expert presentations from senior leaders of FiinGroup and FiinRatings, including Mr. Nguyen Quang Thuan – Chairman of FiinGroup & FiinRatings; Mr. Do Ngoc Quynh – Vice Chairman of FiinRatings; Mr. Le Hong Khang – Analytical Director, FiinRatings; and Mr. Nguyen Van Nam – Associate Director, Risk Modeling and Data Analytics, FiinGroup. 

FiinGroup and FiinRatings experts delivered in-depth sessions focused on three core topics: 

1. Company Credit Assessment Frameworks 

FiinRatings experts opened the workshop with an overview of internal credit assessment versus independent credit ratings, explaining the methodology based on four key pillars: industry risk, competitive position, financial risk, and modifier factors. This structured framework enables financial institutions to conduct credit assessments in a standardized yet flexible manner, applicable to various lending practices. 

“Credit ratings are “relative”, “through-the-cycle", and independent, standardized for the broader market—especially for investors and financial institutions,” emphasized Mr. Do Ngoc Quynh, Vice Chairman of FiinRatings. 

2. Quantitative Scoring with FiinScore+ 

Mr. Nguyen Van Nam, Associate Director, Risk Modeling and Data Analytics at FiinGroup, introduced a data-driven, machine-learning-powered approach using the FiinScore+ platform. This system not only provides credit scoring based on big data, but also offers early warning indicators derived from financials, governance factors, market news, and macroeconomic signals—enabling financial institutions to proactively manage risk on a continuous basis. 

3. Project Company Credit Assessment 

The final session focused on methodologies for assessing project companies - entities often characterized by a single source of cash flow and lack of independent financial history. Developing dedicated evaluation models for these entities is essential for funders to accurately assess creditworthiness and debt repayment capacity. 

Through these technical sessions, FiinRatings and FiinGroup played not only the role of trainer but also a partner accompanying VDB in its journey to standardize credit assessment practices. Integrating technology, quantitative models, and independent ratings provides a strong foundation for financial institutions like VDB to enhance risk evaluation and supervision, supporting the execution of sustainable development goals. 

As a strategic partner of S&P Global, FiinRatings remains committed to supporting domestic institutions through technology transfer, specialized training, and the delivery of comprehensive, internationally aligned risk assessment solutions. Backed by robust data and analytical capabilities, FiinRatings is steadily playing a pivotal role in promoting greater transparency in Vietnam’s financial markets. 

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