FiinRatings and GGGI join hands to support local enterprises tapping into green finance
On 23rd February 2023, FiinRatings and the Global Green Growth Institute (GGGI) officially signed a Partnership Agreement to promote green bond and the sustainable finance market in Vietnam. Under the MoU, the two parties will work together to share best practices to advance the Green, Social, and Sustainable bond market bond Vietnam.
Accordingly, the two organizations will cooperate to support Vietnamese enterprises in green bond issuance in domestic and foreign capital markets, including the preparation for green bond framework, external verification, and other preparation for issuing a green bond, as well as market education and knowledge sharing for green finance development in Vietnam.
Since 2020, GGGI and the Vietnam Ministry of Finance have been jointly implementing the Green Bond Readiness Program, a technical assistance program funded by the Government of Luxembourg to foster the development of a green bond market in Vietnam via the strengthening of policy guidance, capacity building and knowledge sharing products, and the provision of technical assistance to pilot issuers.
The cooperation agreement between FiinRatings and GGGI affirms the relationship and commitment between the two parties, setting a milestone in the formation and long-term development of green bonds and green credits market, adding momentum to the sustainable growth of the economy and the realization of Vietnam’s national development goals.
About FiinRatings
FiinRatings Joint Stock Company, 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 is also Vietnam first green bonds approved verifier, in accordance with the green bond international standard by the Climate Bonds Initiative. For more information, please visit https://www.fiinratings.vn
FiinGroup is Vietnam’s leading provider of financial data analytics platforms, business intelligence and industry research service to local and foreign investors in capital market and corporates to grow their business in Vietnam. For more information, visit https://www.fiingroup.vn
About Global Green Growth Institute (GGGI)
Based in Seoul, GGGI is an intergovernmental organization that supports governments of developing countries to transition to a model of economic growth that is environmentally sustainable and socially inclusive. GGGI delivers programs for over 40- member and partner countries across Africa, Asia, the Caribbean, Europe, Latin America, the Middle East, and the Pacific regions, through technical support, capacity building, policy planning & implementation, and by helping to build a pipeline of bankable green investment projects. Find out more at https://gggi.org/
More details of this Partnership Agreement HERE
Source: FiinRatings
