Vietnam has 4 enterprises providing credit rating services

By Hoai Anh/ Huyen Trang

09:28 | 03/09/2024 Finance Follow english.haiquanonline.com.vn on

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

	Enterprises need to proactively give credit ratings, conduct audits, and increase transparency to rebuild trust
	Promote cooperation between MoF and HSBC in improving national credit rating
	Vietnamese banks" credit ratings upgraded

Vietnam has 4 enterprises providing credit rating services

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.

By Hoai Anh/ Huyen Trang

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