Fair Finance Vietnam launches 2nd policy assessment

29 January 2024

At he start of 2024 Fair Finance Vietnam (FFV) launched the 2nd assessment on eleven commercial banks in Vietnam in 2022.

The 2nd assessment highlights that Vietnamese commercial banks are changing with new progress in the 'race to the top'. This change is not taking place at the same pace in all the banks assessed. There are differences across themes and in the magnitude of change in each institution.

Using the Fair Finance Guide Methodology updated in 2021, FFV assessed the publicly disclosed policies of eleven Vietnamese commercial banks on their Environmental, Social and Governance (ESG) commitments. Twelve assessed themes include: Climate Change, Power Generation, Nature, Gender Equality, Human Rights, Labor Rights, No Investment in Arms, Financial Inclusion, Consumer Protection, Anti-Corruption, Transparency & Accountability, and Taxes.

Read the full report in Vietnamese here and English here.

 

Commitments of Vietnamese commercial banks by theme in 2020 and 2022 (on a 10-point scale)
(Source for comparison: Fair Finance Vietnam, according to FFG methodology, 2020)