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

Tags:

Related News

Deputy Director General of General Department of Customs Dinh Ngoc Thang: Building trust in Customs-Business relationship

07:31 | 12/09/2024 Customs

VCN - The relationship between enterprises and Customs authorities is built on trust, including objective and quality argument and comments from the business community so that Customs authorities can synthesize and build a legal basis which is appropriate with the actual situation.

Avoiding export disruptions when implementing EU anti-deforestation regulations

14:06 | 10/09/2024 Import-Export

VCN - Goods produced illegally, on land deforested after 31/12/2020 or that are not traceable, do not comply with regulations and cannot be placed on the EU market.

Bewaring of international trade fraud

07:34 | 12/09/2024 Import-Export

VCN - If export enterprises are careless, they will be at risk of being negligent when approaching and drafting contracts and falling into the trap of trade fraud.

Seafood enterprises shift business and export

09:11 | 06/09/2024 Import-Export

VCN - Facing difficulties and challenges caused by the global economic downturn, many seafood businesses have promptly adjusted their production, business and export strategies.

Latest News

Control of major shareholders in banks

09:25 | 16/09/2024 Finance

VCN - In compliance with the provisions of the Law on Credit Institutions 2024, banks have made public the list of information on shareholders owning 1% or more of shares. This is expected to block the “octopus tentacles” of cross-ownership.

Banks reduce interest rates, offer new loans for storm-affected customers

18:40 | 15/09/2024 Finance

Several private and State-owned banks have reduced interest rates and offered debt relief for customers affected by Typhoon Yagi.

Allocating credit room, motivation for banks to compete

19:14 | 14/09/2024 Finance

VCN - The State Bank of Vietnam (SBV) has announced that it will allocate the credit growth limit (room) for banks that have achieved 80% of their target. This is an incentive for banks to increase their competitiveness.

New securities accounts in August reach record high in over two years

14:20 | 13/09/2024 Finance

August saw the highest number of new securities accounts opened in more than two years, dating back to May 2022.

More News

Fiscal policy needs to return to normal

09:46 | 13/09/2024 Finance

VCN - Talking to Customs Magazine about the role and orientation of fiscal policy in the new period, Dr. Le Duy Binh, CEO of Economica Vietnam, affirmed that returning to normal fiscal policy is a message that is consistent with current reality.

Credit growth target is within reach to contribute to boosting economic growth: SBV

14:41 | 10/09/2024 Finance

Another important factor is to increase the capital absorption capacity of enterprises which will require a combination of macro policies to create favourable conditions for businesses, SBV’s Deputy Governor Đào Minh Tú said.

Strictly handle violations of invoices in a timely manner to avoid budget losses

14:04 | 10/09/2024 Finance

VCN - The General Department of Taxation has just issued a document directing local tax authorities nationwide to conduct close and timely review and supervision of businesses showing signs of risks in the illegal trade and use of invoices.

SBV gives the green light to increase credit

19:45 | 09/09/2024 Finance

Commercial banks and other credit institutes whose credit growth reached 80% of the targets set by the central bank at the beginning of the year, will have their credit limit increased, stated the State Bank of Vietnam (SBV).

Accurate information, improving quality of state financial statement

07:53 | 09/09/2024 Finance

VCN - The preparation of state financial statement has been significantly improved for units in the State Treasury as well as at financial information providers, thereby assessing the state financial picture transparently and comprehensively.

Strive to achieve State revenue in 2024 exceeding 10% of the target

09:34 | 08/09/2024 Finance

VCN - In 2024, striving to collect the State revenue exceeding 10% of the target assigned by the National Assembly, and reaching the revenue of about 5% higher than the estimate in 2024 to meet the estimate and increase the expenditure to create sources for salary reform and unplanned tasks.

Continue to publicly disburse public investment capital, many key projects have low rates

09:01 | 07/09/2024 Finance

VCN - The Ministry of Finance continues to publicize the disbursement rate of public investment capital plans of many key projects, notably that many projects and component projects have very low disbursement rates.

Public investment disbursement rate in 8 months reaches about 40.5% of the plan

09:13 | 06/09/2024 Finance

VCN - The low disbursement rates of some localities that have large disbursement plans, have greatly affected the overall disbursement rate of the whole country, the Ministry of Finance released.

State revenue in 8 months increased by about 18%

16:16 | 05/09/2024 Finance

VCN – In the first eight months of the year, the accumulated state revenue is estimated to increase by 17.8% year-on-year to VND1,335.6 trillion, meeting 78.5% of the estimate.

Your care

Latest Most read