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credit information

Viet Nams credit registry coverage higher than worlds average

Viet Nam’s credit registry coverage higher than world’s average

Viet Nam’s credit registry coverage increased to 59.6 per cent in 2020 from 41.8 per cent in 2015.
Credit info plays important role in promoting financial market

Credit info plays important role in promoting financial market

Demand for credit information is increasing as the financial market and the digital economy continue to expand.
CIC launches portal for borrowers

CIC launches portal for borrowers

The National Credit Information Centre of Viet Nam (CIC) and the State Bank of Viet Nam (SBV) officially launched a portal connecting borrowers and credit institutions on Friday.
Private firms encouraged to join credit information market

Private firms encouraged to join credit information market

Private organisations will be encouraged to provide credit information service in Viet Nam to improve transparency in the credit information market, under a new draft decree.
Govt eases conditions for offshore indirect investment

Gov’t eases conditions for offshore indirect investment

The Government has issued a new decree to facilitate business conditions for offshore indirect investment, credit information activities and intermediary payment services under the management of the State Bank of Viet Nam (SBV).
VN completes modernisation of banking sector

VN completes modernisation of banking sector

The State Bank of Viet Nam (SBV) on Thursday held a conference to close the Financial Sector Modernisation and Information Management System Project (FSMIMS).
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.
Central bank cuts 257 business conditions

Central bank cuts 257 business conditions

The State Bank of Viet Nam (SBV) has approved a plan to remove or simplify 257 business conditions under its management.
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.
State Bank launches data management system

State Bank launches data management system

The National Credit Information Centre of Viet Nam (CIC) under the State Bank of Viet Nam (SBV) on Thursday launched a data management system - CG1 contract.
Cross-border credit information exchange important for investment cooperation

Cross-border credit information exchange important for investment cooperation

Cross-border credit information exchange plays an important and necessary role in promoting the quality and efficiency of investment and business activities for 21 member economies in the Asia Pacific region.
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.