5 businesses are allowed to conduct credit rating services in Vietnam

(PLVN) - The Ministry of Finance has just announced the names of 5 enterprises that have been granted Certificates of eligibility to conduct credit rating services in Vietnam.

25/12/2024 21:38

(PLVN) - The Ministry of Finance has just announced the names of 5 enterprises that have been granted Certificates of eligibility to conduct credit rating services in Vietnam.

According to information from the Ministry of Finance, based on the provisions of the Investment Law (2014, 2020) and Decree 88/2014/ND-CP regulating credit rating services, as of December 2024, the Ministry of Finance has presided over and coordinated with ministries and branches to issue Certificates of eligibility to conduct credit rating services for 5 enterprises. Specifically:

Saigon Phat Thinh Ratings Joint Stock Company (Foreign name: Sai Gon Phat Thinh Ratings Joint Stock Company; Abbreviated name: Saigon Ratings), has its head office at 78-80 Le Van Thiem Street, Phu My Hung Quarter, Tan Phong Ward, District 7, Ho Chi Minh City;

FiinRatings Joint Stock Company (formerly FiinGroup Joint Stock Company) (Foreign name: FiinRatings Joint Stock Company; Abbreviation: FiinRatings), has its head office at 10th Floor, Peakview Tower, 36 Hoang Cau Street, O Cho Dua Ward, Dong Da District, Hanoi ;

Vietnam Investors Service and Credit Rating Agency Joint Stock Company (Foreign name: Vietnam Investors Service and Credit Rating Agency Joint Stock Company; Abbreviation: VIS Rating), has its head office at Room 2709, 27th floor – West Tower, Lotte Center Hanoi, 54 Lieu Giai Street, Cong Vi Ward, Ba Dinh District, Hanoi;

S&I Ratings Joint Stock Company (Foreign name: S&I Ratings Joint Stock Company; Abbreviation: S&I Ratings), has its head office at 1C Ngo Quyen Street, Ly Thai To Ward, Hoan Kiem District, Hanoi;

Thien Minh Credit Rating Joint Stock Company (Foreign name: Thien Minh Credit Rating Joint Stock Company; Abbreviated name: Thien Minh Rating), has its head office at 15th floor, HAREC building, 4 Lang Ha Street, Thanh Cong Ward, Ba Dinh District, Hanoi.

According to the provisions of Decree 88/2014/ND-CP, enterprises providing credit rating services must be granted a Certificate of eligibility to conduct credit rating services by the Ministry of Finance; Enterprises that do not register to conduct credit rating services are not allowed to use the phrase "credit rating" or other phrases with the connotation "credit rating" in their names.

Thus, according to Decision 507/QD-TTg dated April 17, 2015 of the Prime Minister approving the Planning for the development of credit rating services until 2020 and vision to 2030, by 2030, up to now, the target of the number of enterprises granted certificates of eligibility to conduct credit rating services has been completed.

Source: https://baophapluat.vn/5-doanh-nghiep-duoc-kinh-doanh-dich-vu-xep-hang-tin-nhiem-tai-viet-nam-post535945.html