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.

At the moment, there are 86 million people and 480000 small and medium enterprises (SMEs) in Vietnam. However, only 5% of the population and 30% of SMEs have credit transaction with banks.

Early this week, Vietnam Credit Information JSC (PCB) has officially submitted the dossier to The State Bank of Vietnam for the Certificate of elibility for credit information operation.