Vietnam Approves Four Firms for Credit Rating Services, Boosting Market Transparency

The Ministry of Finance (MoF) in Vietnam has granted licenses to four companies to provide credit rating services from January to August 2024. The licensed companies—Saigon Ratings, FiinRatings, VIS Rating, and S&I Ratings—met all legal requirements under the Investment Law and relevant decrees. Credit rating is seen as a crucial tool for enhancing transparency in the financial markets, benefiting both banks and enterprises by improving access to capital and securing better financing terms.

Read more at https://vietnamnews.vn/economy/1661949/ministry-grants-licences-to-four-credit-rating-firms.html

Author: Viet Nam News