State Bank of Vietnam promotes use of information in bank lending
What happened
The State Bank of Vietnam is encouraging commercial banks to use information to broaden credit assessments beyond traditional credit histories. The General Department of Taxation and the National Credit Information Centre of Vietnam signed a cooperation agreement to exchange and use information between the tax and banking sectors. This framework allows tax information to support creditworthiness assessment, while credit information from the National Credit Information Centre of Vietnam supplements tax authority management.
From vietnamnews.vn
Why it matters
Connecting tax and credit information provides an additional source for credit analysis and risk management, according to the Chairman of the National Credit Information Centre of Vietnam. This regulatory shift supports Vietnam's move toward digital and data-driven public administration.
Phạm Đức Ấn serves as the Governor of the State Bank of Vietnam.
From vietnamnews.vn
Who's involved
- State Bank of VietnamCentral bank encouraging commercial banks to adopt new lending models
- Phạm Đức ẤnGovernor of the State Bank of Vietnam
- VietnamCountry where the regulatory changes are being implemented
- BanksCommercial institutions encouraged to use new information for lending
Keep exploring
The entities involved
-
State Bank of Vietnam
central bank
-
Phạm Đức Ấn
Vietnamese banker, politician
Nothing else this week.
Related events
- The State Bank of Vietnam implements credit allocation principles as directed by the government.
- The State Bank of Vietnam monitors state-owned banks like Vietcombank and addresses funding pressures in the banking system.
- The State Bank of Vietnam must carry out resolution plans for poor-performing institutions, following direction from the Prime Minister.
- The State Bank of Vietnam coordinates measures to facilitate capital access for Small and Medium Enterprises (SMEs) through the commercial banking sector.
- Government seeks foreign financing to fund infrastructure projects.