FiinRatings underscores the Importance of Independent Assessment for Sustainable Debt Instruments in Advancing Vietnam’s Green Bond Market

As green finance increasingly gains momentum globally and becomes a key priority in national development strategies, the seminar “Credit Rating for Green Bonds in Vietnam’s Financial Market,” hosted by the Banking Academy of Vietnam on November 8, 2025, attracted strong interest from lecturers and students of the Faculty of Finance.

As green finance increasingly gains momentum globally and becomes a key priority in national development strategies, the seminar “Credit Rating for Green Bonds in Vietnam’s Financial Market,” hosted by the Banking Academy of Vietnam on November 8, 2025, attracted strong interest from lecturers and students of the Faculty of Finance. 

Representing FiinRatings, Ms. Dinh Thuy Hang – Senior Analyst, Credit Research and Sustainable Finance Services – shared key insights on the current state of Vietnam’s sustainable finance market and the critical role of independent assessment in fostering market transparency. 

According to Ms. Hang, Environmental, Social, and Governance (ESG) factors are gradually evolving from reference criteria into mandatory standards that guide investment decisions, corporate governance, and capital mobilization. 

In Vietnam, the green, social, and sustainability (GSS) bond market has been steadily expanding, with growing participation from both domestic and international issuers. Although it currently accounts for less than 1% of total outstanding corporate bonds, this emerging segment reflects the strong growth potential of the sustainable capital market in the coming years. 

Alongside these opportunities, greenwashing remains a critical challenge, arising from inconsistencies in standards and information disclosure. Ms. Hang emphasized that “this underscores the urgent need for credible third-party assessments to ensure transparency, strengthen investor confidence, and lay the foundation for the genuine development of sustainable finance in Vietnam.” 

As a strategic partner of S&P Global and the only institution in Vietnam authorized by the Climate Bonds Initiative (CBI) to verify labeled bonds under international standards, FiinRatings has accompanied numerous domestic issuers in the transparent and effective issuance of green bonds – notably Hoa Binh – Xuan Mai Clean Water Limited Liability Company, International Development & Investment Corporation (IDI), and BIDV. 

Through its ongoing knowledge-sharing initiatives, FiinRatings will continue to actively collaborate with academic institutions to share knowledge and practical experience in sustainable finance. In doing so, the company aims to inspire learning and innovation among the next generation of professionals, contributing to the development of a more transparent and responsible capital market in Vietnam. 

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Contact FiinRatings today for a free consultation on Sustainable Finance Services: 

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