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Financial Information Business Information Market Research Credit Ratings 1 FiinGroup Corporate Introduction An Associate Company of Nikkei Inc. and QUICK Corp. The Powerful Product Suite of FiinGroup
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Page 1: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings

1

FiinGroup Corporate Introduction

An Associate Company of

Nikkei Inc. and QUICK Corp.

The Powerful Product Suite of FiinGroup

Page 2: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings2

FiinGroupAT A GLANCE

▪ Corporate Profile

▪ Business Portfolio

▪ Development History

▪ Senior Management

Page 3: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings3

FiinGroup At A Glance: Corporate Profile

Established in March 2008, FiinGroup has become a market

leader in providing financial data, business information,

industry research and other data-driven analytics services in

Vietnam.

In September 2014, our company entered a strategic capital

and business alliance with Nikkei Inc. & QUICK Corp (Japan)

under which the Japanese partners hold 35.1% equity stake in

our company and jointly support Japanese investors in

Vietnam.

FiinGroup has been serving more than 1,000 local and foreign

financial institutions and corporations through our fintech

platform as a service (PaaS), annual packages and on-call

services.

In October 2019, FiinGroup expanded its B2C model with the

introduction of FiinTrade Platform for individual investors and

traders in Vietnam Stock Market.

FiinGroup officially expanded into the field of Credit Rating

Agency (CRA) after being licensed by the Ministry of Finance

on 20/03/2020, the license number 02/GPXH/02/BTC dated

20/03/2020

FiinGroup currently has over 100 staffs including Data

Analysts, Business Analysts, Market Researchers, IT Engineers

and Client Advisors working at Hanoi Head Office and Branch

Office in Ho Chi Minh City.Location: Hanoi Head Office

Ho Chi Minh City Branch

Shareholders: Nikkei: 17.55%;

QUICK: 17.55%;

Management and Others: 64.9%

Charter capital: VND 25 billion

No. of employees: 105 (as of December 2020)

Data Analysts, Business Analysts,

Market Analysts, Risk Analysts incl.

CFA, ACCA, CPA charterholders

IT Engineers & Client Advisors

Legal representative: Mr. Nguyen Quang Thuan

Date of establishment: March 11, 2008

As a Vietnam's leader in financial data & analytics, we commit to provide information, insights and technology that drive the

financial markets.

Auditor: PricewaterhouseCoopers

Strategic Partners:

Page 4: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings4

FiinGroup At A Glance: Business Portfolio

FiinGroup provides financial data, business information, industry research and other data-driven analytics services via Platform

as a Service (PaaS), annual package and on-call services.

▪ FiinPro Platform

▪ FiinTrade Platform

▪ API Datafeed

▪ Business Evaluation Report

▪ FiinConnex Platform

▪ FiinGate Platform

▪ BI Analytics

▪ Bond Credit Ratings

▪ Issuer Credit Ratings

▪ Corporate Rating Report

▪ Credit Evaluation

▪ Industry Report

▪ Customized Market Research

▪ Commercial Due Diligence

▪ Market Entry Advisory

Page 5: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings5

Through 12 years of establishment and development, FiinGroup provides information, insights and technology that drive

innovation and performance in Vietnamese markets.

FiinGroup At A Glance: Development History

2008

Established

StoxPlus JSC as

a stock market

information

portal by three

ex-PwC

founders

August

2013

Signed MOU with

National Financial

Supervision

Commission (NFSC)

for data exchange

cooperation

September

2014

Entered a

strategic alliance

with NIKKEI and

QUICK from

Japan

May

2015

Launched

FiinPro as the

financial

database in

Vietnam

July

2016

Signed MOU

with SSC and

HOSE for

cooperation in

market

development

January

2017

Accepted as

Authorised Data

Vendor and Partner

with Vietnam

Enterprise

Registration

Information Centre

under MPI of Vietnam

March

2018

Joined as a full

member of The

Business Information

International

Association (BIIA)

February

2019

Renamed from

StoxPlus to

FiinGroup

October

2019

Launched FiinTrade

as the first trading

stock information

platform in Vietnam

March

2020

Launched

FiinConnex as the

first corporate

intelligence platform

in Vietnam

May

2020

Launched FiinGate

as the first business

information analytics

platform in Vietnam

June

2020

Launched Fiin Ratings

as the most trusted

Credit Rating Agency

in Vietnam

Page 6: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings

FiinGroup At A Glance: Senior Management

Our management team is made up of dedicated, focused and expert professionals who previously worked in the world’s

largest consulting firms, banks, investment companies in the UK, Australia and Vietnam.

Board of Directors

Thuan Nguyen, FCCA

Chairman and CEOCo-founder of FiinGroup

previously working as an

Investment Manager of Vietnam

Holding Asset Management Ltd

and Manager at PwC Vietnam &

Sydney

Hieu Nguyen, MBA

Vice ChairmanCo-founder of FiinGroup

previously working as a

specialist at the Department for

International Development of

UK (DFID) in Vietnam. and

Consulting Manager at PwC

Vietnam

Yoichi Noor Iwamoto

Board Member

(Non-Executive)The representative of NIKKEI

Inc. at FiinGroup. He is

currently Managing Director of

NIKKEI CHINA (Hong Kong)

Ltd.

Chiharu Kawai

Board Member

(Non-Executive)A representative from QUICK

Corp at FiinGroup. He is

currently General Manager of

Global Business Department at

QUICK Corp.

Bolat Duisenov

Board Member (Non-

Executive)CEO of Kusto Group Vietnam –

a private equity fund with AUM

of US$300M operating in

Vietnam

Huy Mac, CPA, FCCA

Board Member (Non-

Executive)A well-known financier with

Lehman Brothers and KPMG.

Recently he was CEO of KB

Securities (Vietnam) and ex-

DCEO of MB Securities

Dong Le, CFA

Managing Director,

Market ResearchManaging Research

division. Previously Senior

Investment Manager at

BIDV-Vietnam Partners

Investment Management

with AUM $100m and

before that a Manager at

Deloitte Vietnam

Trang Truong, MBA

Sr. Managing Director,

Financial InformationManaging financial

product innovation and

oversight data

acquisition and

analytics. Trang joined

as a junior since the

start of the company

Tu Nguyen, MBA

Managing Director,

Business InformationManaging risk product

innovation and

overseeing credit report

services. Previously

Senior Auditor at KPMG

and Team Lead at IB at

TPBank

Executive Team

Trung Bui,

Deputy CTOManaging IT and Project

Innovation. He designs

and develops the data

system and products at

FiinGroup. Trung joined

as a junior Developer

since the start of the

Company

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Financial Information • Business Information • Market Research • Credit Ratings7

01

Financial

Information

▪ FiinPro Platform

▪ FiinTrade Platform

▪ Cloud API Datafeed

Page 8: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings8

Product Description Main Users/Usage

1 FiinTrade Platform A trading information and analytics

platform for brokers, traders and active

investors in Vietnam Stock Market.

• Sophisticated investors

• Active Traders

• Brokerage consultants

2 FiinPro Platform The most comprehensive and in-depth

Financial Database and Analytics

Platform for Vietnam.

• Sellside Analysts

• Buyside Analysts

• Economic Researchers

• Investment Consultants

3 Cloud API Datafeed Vendor data and technology solutions for

any specialised applications

• Core Trading Platform

• Research Automation System

• Investor Relation Website

• Risk Management System

• Valuation System

Financial Information: Product Portfolio

Considered as premier source for financial, economic and alternative datasets, serving investment professionals, FiinGroup’s

Financial Information service is used by hundreds of financial institutions in Vietnam.

Page 9: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings

A trading information and analytics platform for brokers, traders and

active investors in Vietnam Stock Market

✓ Comprehensive Information

✓ Powerful functions

✓ Real-time premium newsfeeds

✓ Premium feeds from FiinGroup

confidential research team

✓ FiinGroup Scoring & Ranking

Stock

✓ In depth Analytics

Why subscribing our FiinTrade?

Who should use our FiinTrade?

Stock AdvisorsActive InvestorsBrokers Traders Trade ExecutorsPortfolio Managers

Key Platform Features

Premium News

• Announcements

• Realtime Auto

News

• Stock Analysis

• Market News

Prices

• Time & Sales

• Prices Depth

• Quote Movement

• Price Data

Market

• Watchlist

• Market In-depth

• Market Calendar

• Heatmap

• Money Flow

Technical Analysis

• Technical Charting

• Technical Signal

• Technical Stock

Scoring

Stock Analysis

• Company Snapshot

• Ownership

• Financial Checkup

• Consensus Analysis

• Financial Data

Trading Tools

• Trading Alerts

• Stock Screener

• Stock Ranking

• Trading Strategies

• API Data

Trading Strategies

• Value Stock Strategy

• Growth Stock Strategy

• Momentum Strategy

• CANSLIM Strategy

• Technical Strategy

Stock Ranking

• Stock Ranking

• Stock Scoring

Page 10: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings

The most comprehensive and in-depth Financial Database and Analytics

Platform in Vietnam

Who should use our FiinPro?

Securities

Firms

Asset Management

Firms

Research

Institutions

Insurance

Companies

Investment

Companies

Commercial

Banks

Consulting

Firms

Main Platform Features

✓ Equity Market incl. Stocks

and Derivatives

✓ Fund Market incl. Open

Funds and ETFs

✓ Fixed Income incl. G-bond

and C-Bond

✓ Corporate Data

✓ Industry Data

✓ Macroeconomic Data

Powerful Analytics Tools for:

✓ Market/ Trading Data

✓ Reference Data

✓ Corporate Actions

✓ Financial Data

✓ Earnings Consensus

✓ Market news and Analysis

✓ And much more…

Data and Content Coverage:

Corporate Data

✓ Price data

✓ Financials

✓ Reference data

✓ Corporate actions

✓ Earnings Forecast

Market Analysis

✓ Realtime price level 1 & 2

✓ Trading statistics data

✓ Sector Indices

✓ Market Valuation

✓ Technical Analysis

Industry & Macro Data

✓ Economic data with

1000+ macro indicators

✓ Standard industry

datasets for key sectors

of Vietnam

Financial News

✓ All corporate

announcements

✓ Industry news

✓ Market news

✓ My Daily Reports

Vietnam Specific Data

✓ IPO Statistics

✓ SOE Divestments

✓ Share and Bond Issue

Plan

Useful Research Tools

✓ Stock Screening

✓ Strategy Screening

✓ Cross Section Analysis

✓ Contribution Analysis

✓ Portfolio Management

Excellent Customer Support

✓ Dedicated customer

support

✓ Additional data request

beyond standard services

Interactive Data Explorer

✓ Personalised data

templates

✓ Selected stock groups

or across industries

✓ Market data and

fundamental data

Page 11: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings11

Online Web Interface

Real-time Service

Cloud API Service

Microsite/

WidgetUsersData Uses

Imported Data

Delivered Data

Delivered Data

File Service

FiinGroup Database

Client System

Client System

Client Website

API Datafeed Service

API Value Proposition:

✓ The most comprehensive and in-depth

financial & market data of listed, unlisted,

and private companies in Vietnam

✓ The most trusted data vendor for

thousand customers throughout more

than 10 years of existence

✓ Flexible in feeding data to customers using

multiple standard data delivery

mechanisms

✓ Data service packages are designed to be

flexible, highly usable, and ready to

integrate into any system.

✓ API customization or new API creation

requests are welcome

Our API Data Service covers Price Feed, Corporate Reference Data, Corporate Financials and Corporate Actions Data

Selected API Clients:

Page 12: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings12

Financial Information: Client Portfolio

Industry Report

We are serving hundreds of local and foreign financial institutions and research houses who have exposure in

Vietnam Capital Market.

Securities Banks & InsuranceFunds & Investment Firms Others

Page 13: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings13

02

Business

Information

▪ Business Evaluation Report

▪ FiinConnex Platform

▪ FiinGate Platform

Page 14: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings14

Business Information: Product Portfolio

We help clients connect ‘what’ and ‘why’, connecting different data-sets resulting in richer and deeper insights and ultimately

more effective solutions and services to our clients.

Products Description Main Users Usage

1 Business Evaluation

Report

Technology-based and analyst-based

credit reports for any business

subject as registered enterprises in

Vietnam

• Trading houses

• Credit Risk Insurance

• FDIs

• Offshore investors

• Corporates and SMEs

• Credit risk management

• Trade insurance pricing

• Due Diligence

• Research & investigation

2 FiinConnex Platform Corporate information platform that

maps out relationships between

companies and persons in the

corporate ecosystem.

• Trading houses

• Financial Institutions

• Law firms

• Opportunity Recognition

• Due Diligence

• Legal compliance check

• Legal entity identification

• Background check

3 FiinGate Platform An in-depth & multidimensional

business information analytics

platform for Vietnam, covering:

• Company Profile

• Ownership & Groups

• Financial Analysis

• Industry Benchmarking

• Credit Scoring and Ratings

• Trading houses

• Credit Risk Insurance

• FDIs

• Offshore investors

• Onshore investors

• Financial Institutions

• Corporates and SMEs

• Credit Risk Management

• Trade Risk Management

• Industry Benchmarking

• Partner screening

• Investment screening

• M&A screening

Page 15: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings

15

Business Profile

• Key business activities

• Legal Rep.

• Address and Contact

• Development milestones

Ownership Analysis

• Founding shareholders

• Management ownership

• Institutional shareholders

• Foreign shareholders

Operational Data

• Branches and

Subsidiaries

• Headcounts

• Production sites

• Capacity

• Factories

Insightful Analysis

• Market Share

• Management

Background

• Financial DD

News Analysis

• Litigations

• Negative News

• Key development

• Tax filing status

Financial Analysis

• Balance Sheet

• Income Statement

• Cash Flows Statement

• Financial Ratios

Company Scoring

• Industry Benchmarking

• Z-Score

• M-Score

• Short-term Credit Limit

• Credit Ratings

Management Background

• Management Background

• Board of Directors

• Board of Management

We offer both technology-based reports and analyst-based reports from our aggregated

source of over 1 million registered enterprises in Vietnam.

Business

Evaluation Report

Types of Reports

• Company Factsheet

• Credit Report

• Standard Research Report

• Comprehensive Research

Report

Page 16: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings

✓Radial Map: Instant visual insights about

people and company connections

✓ Interconnection Map: Identify cross-

connections, clusters and syndicates

✓Beneficial Ownership Map: A convenient

and safe way to conduct ownership checks

✓ Investee Companies Search: The fastest

way to discover a person’s or company’s

ownership interests

✓Entity Profile Report: A quick overview of

your business partners at the time of on-

boarding

Product Key Features

16

Corporate information platform which maps out relationships between

companies and persons in the corporate ecosystem.

Who should use our FiinConnex?

Investment FundsBanks Consulting Firms Trading HousesLaw Firms

Risk management• Adverse info checks

• Conflicts of interests

The common use of FiinConnex:

Due diligence• Client on-boarding checks

• Background checks

• Beneficial ownership checks

• Vendor screening

Research & investigation • Target profiling

KYC• Potential customers

• Warm lead generation

• Comparisons

• Warm Leads

• New customer

penetration from

analysis of existing

client base

• Convenience

• Actionable insights on

people and companies

from curated sources

• Enhanced Risk

Management

• Indirect connections

among persons and

companies

• Instant & Unique Insights

• Complex connections

among companies in

Vietnam.

Benefits from subscribing our FiinConnex:

Page 17: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings

Product Key Features

17

An in-depth & multidimensional business information

analytics platform for all registered businesses in Vietnam.

Benefits from subscribing our FiinGate

The common usages

Partner ScreeningScreening for potential

partners/ acquisition

candidates to a refined list of

companies for further due

diligence and/or consideration.

Due Diligencehelps users minimize

the chance of

unwanted surprises

after the transaction

completed

Risk management• Adverse info checks

• Conflicts of interests

Vendor ManagementVendor sourcing and

regular monitoring their

financial performance and

creditworthiness

Fast access to

FiinGroup's business

information database

Automated

tracking and

warnings to keep

you updated

Economic way to

carry out due

diligence

A simple and

user-friendly web

base platform

Open 24/7 -

Access anytime

Credit Risk Insurance Offshore & onshore investors Trading HousesFDIsFinancial Institutions

Who should use our FiinGate?

✓ Advanced Search with detailed filter

parameters, returning a list of best-

matched results tailored for each

customer

✓ Comprehensive Company Business

Information:

• Company Key Information

• Ownership & Groups

• Industries Benchmarking

• Financial Statements

• In-depth Analysis

• Credit Ratings

✓ Saved Lists of Company with

✓ interested

✓ Saved Searches for frequent queries

Account Management and Securities

features

✓ Customizable Alerts

✓ Adverse Media Monitoring

Page 18: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings18

Business Information: Client Portfolio

Trading Manufacturing & Service Banks & Consulting Risk Services & others

We are serving hundreds of organisations for their risk operations, counter-party risk management, credit & insurance

pricing and business planning.

Page 19: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings19

03

Research and

Consulting

▪ Industry Report

▪ Customized Market Research

▪ Commercial Due Diligence

▪ Market Entry Advisory

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Financial Information • Business Information • Market Research • Credit Ratings20

Research & Consulting: Service Overview

Products Description Main Clients Usage

1 Industry Report On-the-shelf industry reports providing clients with

comprehensive information and in-depth analysis

about market size, historical and forecasted growth,

market share, market segmentation, competitive

landscape, regulatory and policy framework, key

growth drivers and key development trends, key

player in-depth analysis to help assess the market's

attractiveness and growth potentials.

2 Customized

Market Research

Customized market study upon specific requirements

by clients in addition to value-added services

including investment target sourcing, company visits,

and/or business matching.

• Foreign and local

corporate clients

• Institutional investors

• Financial Institutions

3 Commercial Due

Diligence

In-depth analysis of target company’s market

environment, competitive landscaping, its business

attractiveness, and market positioning in M&A

transaction. Thorough assessments of business risks

and their impacts on the target’s assumptions and

business plans

4 Market Entry

Advisory

Support of investors and/or entrepreneurs to explore

investment or trading opportunities and develop

optimal market entry strategies (i.e. M&A, Joint

Venture, Minority Equity Investments, Foreign Direct

Investments, Trading or any other partnership

structure with local partners) with actionable

recommendations for all stages in their business

journey in Vietnam.

Trade connection/ Business matching

Market potential assessment

Business intelligence review

Investment target screening

Leveraging our in-depth industry expertise, comprehensive industry and corporate database, extensive business network, we

support our clients to penetrate or expand their business in Vietnam, looking for investment targets or trusted trading partners

via FiinResearch portal.

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Financial Information • Business Information • Market Research • Credit Ratings21

Research & Consulting: Industry Research

Customised Research

Leveraging our in-depth sector expertise, comprehensive

corporate and industry database as well as extensive business

networks, we support our client’s decision - making process with

in-depth market study tailored to meet clients’ specific

requirements in addition to value-added services:

Company visits

Business matching

▪ Banks

▪ Consumer Finance

▪ Payment Services

▪ Leasing

▪ Insurance

Food & Beverages

▪ Food Processing

▪ Food Services

▪ Beverage

Consumer Retail

▪ ICT Retail

▪ Fashion Retail

▪ Convenience Store

▪ Health & Beauty Store

Utilities

▪ Water Supply and

Distribution

These are on-the-shelf industry reports providing clients with

comprehensive information and in-depth analysis including market size,

market share, market segmentation, competitive landscape, key player

benchmarking, key development trends and key growth drivers to help

assess the market's attractiveness and investment opportunities.

▪ Cement

▪ Additives and Concrete

▪ Admixtures

▪ Iron & Steel

▪ Construction

Industrial Goods

▪ Containers & Packaging

▪ Flexible Packaging

Transportation

▪ Logistics

▪ Cold Chain

Healthcare

▪ Hospital and Clinics

▪ MedicalEquipment

▪ Pharmaceuticals

Information & Communication Technology

Automobiles & Auto Parts

Industry Report

Our team covers key sectors in Vietnam

Construction & Construction Materials

A selection of sectors we cover:

Financial Services

Investment target screening

Access latest market research and analysis via our FiinResearch portal:

https://fiinresearch.vn

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Financial Information • Business Information • Market Research • Credit Ratings

Research & Consulting: Client Portfolio

We support various Japanese, Korean and multinational corporate clients in successfully penetrating and expanding their

businesses in Vietnam market

Korean

Japanese

Local

International

Page 23: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings23

04

Credit Ratings

Service

▪ Overview

▪ Service Offerings

▪ Rating Methodology

▪ Why Fiin Ratings

Page 24: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Financial Information • Business Information • Market Research • Credit Ratings24

We are operating Credit Rating Agency services under Fiin Ratings, as part of FiinGroup’s business.

• Fiin Ratings, a brand and part of FiinGroup, licensed by the Ministry of

Finance to operate as a Credit Rating Agency (“CRA”) for Vietnam.

The license was awarded on 20 March 2020 to FiinGroup under the

Decree 88/2014/ND-CP dated 26 September 2014 governing Credit

Rating Agency services.

• Fiin Ratings is the second licensed CRA in Vietnam and we focus on

below services:

Issuer Credit Ratings

Instrument Credit Ratings

Credit Assessment Report

Credit Evaluation Service

• Fiin Ratings focuses on credit ratings for issuers and its instruments

such as bonds, corporate ratings and related services for investors

and creditors. Prior to expanding in credit ratings services, FiinGroup

is well known in Vietnam as an independent information provider in

the country with financial information terminals, business information

portals and market research to support foreign and local institutional

investors and foreign trading partners to Vietnamese enterprises.

Credit Ratings Service: Overview

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Financial Information • Business Information • Market Research • Credit Ratings25

Credit Ratings Service: Service Offerings

Client Target Service Description

Issuer Credit Ratings Fiin Ratings offers an independent opinion of your organization's overall creditworthiness:

Fiin Ratings' Issuer Credit Ratings provides your credit credential - an independent opinion of your

organization's overall creditworthiness and financial strength. It can be used as an information tool for

capital markets participants and your organization's counterparties-banks, clients, suppliers, joint-venture

partners, brokers, government agencies-even landlords.

Bond Credit Ratings We provide a forward-looking opinion of an obligor’s creditworthiness:

A Bond Credit Ratings takes into consideration the creditworthiness of guarantors, insurers, or other forms

of credit enhancement on the obligation. The opinion reflects our view of the obligor's capacity and

willingness to meet its financial commitments as they come due, and may assess terms, such as collateral

security and subordination, which could affect ultimate payment in the event of default.

The Bond Credit Ratings can be either long-term or short-term:

Short-term ratings are generally assigned to those obligations considered short-term which means

obligations with an original maturity of no more than 365 days-including commercial paper. Short-term

ratings are also used to indicate the creditworthiness of an obligor with respect to put features on long-

term obligations. Medium-term notes are assigned long-term ratings.

Credit Assessment Reports Leveraging on our corporate database for all registered enterprises in Vietnam and our industry

benchmarks, we offer credit assessment service for both report orders or customised assignment to

support your credit decisioning.

Credit Evaluation Services We have conducted various independent credit evaluation for financing decisions by our clients in various

sectors including consumer finance, cement, retail, and education. Our credit analysts and risk experts

can also deliver various related services such as Credit Evaluation and trainings to corporates, investors or

creditors on relevant topics.

Our rating and related services are described as below:

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Financial Information • Business Information • Market Research • Credit Ratings26

Credit Ratings Service: Methodology

Financial Risk

Intrinsic Scorecard

Preliminary Rating Range

Issuer Credit Ratings

Industry

Risk

Country

RiskBusiness Risk

Governance &

Management Risk

ISSUER RATINGS

Quantitative Factors + Qualitative Factors

Debt Instrument Ratings

ISSUE RATINGS Liquidity Management

Foreign-Currency Related Risk

Financial Controls

Susceptibility to Event Risk

Investment and Acquisition Strategy

+/- Adjustment Factors

Our Master Credit Rating Model:

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Financial Information • Business Information • Market Research • Credit Ratings27

Credit Ratings Service: Why Fiin Ratings

Fiin Ratings is well prepared and positioned to bring benefits to issuers, investors and all related stakeholders

Experienced credit

decisioning

practionners and

professionals

Built up from

outstanding research

capabilities

Strong Investor BaseTrack records in

Credit Scoring

• Our team comprised of

seasoned professionals at

both rating committee level

and rating analyst level.

• They are all practionners

and experienced in credit

decisioning and scoring at

the local business context

and credit ratings from

developed market via

technical support from

international technical

advisors.

• Our rating methodologies

have been developed and

improved from our 10-year

expertise in industry

research and data analytics;

• We are a pioneer in paid

service for market research

and industry studies for key

sectors and sub-sectors of

Vietnam;

Industry Analytics

and Benchmarks

• Analytics models and data

benchmarks are at the

heart of any rating models.

We are very proud of

being the first in Vietnam

occupying such models

and benchmarks which is

built up from our data-

mining works over the last

12 years;

• We are continuously

developing such models

and rating benchmarks

• Before expanding to CRA,

we have worked for 5 years

in corporate credit

evaluation and scoring

under our Business

Information Service under

data analytics platform and

on-call request for both

credit and trade credits

• We produce around 5

thousand credit reports on

Vietnamese companies per

year for our international

clients

• We have a great network of

local and foreign financial

investors including asset

managers, insurance firms,

banks, and corporate

investors;

• This is our special

advantages for corporate

issuers in diversifying the

funding source.

Page 28: FiinGroup Corporate Introduction · which the Japanese partners hold 35.1% equity stake in our company and jointly support Japanese investors in Vietnam. FiinGroup has been serving

Hanoi Head Office

10th Floor, Peakview Tower, 36 Hoang Cau, O Cho Dua,

Dong Da, Hanoi, Vietnam

Tel: (84-24) 3562 6962

Email: [email protected]

Ho Chi Minh City Branch

3rd Floor, Profomilk Plaza Building, 51-53 Vo Van Tan,

Ward 6, District 3, Ho Chi Minh, Vietnam

Tel: (84-28) 3933 3586

Email: [email protected]


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