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Credit Information Centre (CIC)

CIC accrues credit information on 36.8 million borrowers

CIC accrues credit information on 36.8 million borrowers

Viet Nam’s National Credit Information Centre (CIC) had compiled credit information on more than 36.8 million borrowers by the end of June, rising nearly two million against the end of last year, CIC’s director Do Hoang Phong said.
51% of Vietnamese adults have credit registry coverage

51% of Vietnamese adults have credit registry coverage

 Only 51 per cent of Vietnamese adults have credit registry coverage, much lower than the approximate 100 per cent in developed countries.
CIC should use other industries data

CIC should use other industries' data

The Credit Information Centre (CIC) under the State Bank of Viet Nam should use data from other industries instead of information just from credit institutions to bring customers to banks.
FPT IS provides software to Taiwanese bank

FPT IS provides software to Taiwanese bank

FPT Information System (FPT IS), a member company of FPT Corporation, signed a six-month contract to install the State Bank Report System (SBRS) software for Taiwan''s E.SUN Commercial Bank Ltd.
Banks move toward non-collateral lending

Banks move toward non-collateral lending

Commercial banks and credit rating agencies are likely to take their first cautious steps toward providing loans without requiring collateral by evaluating company''s portfolios and their leadership.
SBV looks at boosting non-collateral loans

SBV looks at boosting non-collateral loans

The State Bank of Viet Nam has told local branches of foreign banks and rating agencies to improve their capacity of assessing creditworthiness so as to increase non-collateral loans.