Vietnam has 4 enterprises providing credit rating services

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	Vietnamese banks" credit ratings upgraded

According to the Ministry of Finance, after the Government issued Decree No. 88/2014/ND-CP regulating credit rating services on September 26, 2014, up to now, the Ministry of Finance has chaired and coordinated with ministries and agencies to grant Certificates of eligibility to provide credit rating services to four enterprises including: Saigon Phat Thinh Ratings Joint Stock Company (Saigon Ratings); FiinRatings Joint Stock Company (FiinRatings), formerly FiinGroup Joint Stock Company; Vietnam Investment Credit Rating Joint Stock Company (VIS Rating); S&I Credit Rating Joint Stock Company (S&I Ratings).

The Ministry of Finance said that according to Decree No. 88/2014/ND-CP, enterprises providing credit rating services must be granted a Certificate of eligibility to deliver credit rating services by the Ministry of Finance.

Enterprises that do not register to deliver credit rating services are not allowed to use the phrase "credit rating" or other phrases with the implication of "credit rating" in their names.