Banking and finance news
Country to combine databases on secured transactions
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A meeting hosted by Deputy Prime Minister Nguyen XuanPhuc in Hanoi on July 2 addressed the tasks needed to implement a project on developing a national database on secured transactions with representative of Ministries of Justices, Natural Resources and Environment, Transportation and Finance, the State Bank of Vietnam, Government Office and Vietnam Bank Association, etc.
State Bank of Vietnam urged to expand credit
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State Bank of Vietnam (SBV) promulgated Instruction No 03 dated 17/07/2013 on management solution of monetary and credit policies, banking activities in ending months of the year, in which emphasize target of credit growth to 12%.
PCB and CRIF officially obtain a license to develop the first private credit bureau in Vietnam
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Hanoi, Vietnam, March 18, 2013
PCB Vietnam Credit Information Joint Stock Company and CRIF - a global company specializing in the development and management of credit reporting systems - announced that they have obtained a license from the State Bank of Vietnam (SBV), and are officially authorized to establish the first entirely private and voluntary credit bureau in the country.