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International News

National Credit Information Database To Be Developed

April 11, 2013 posted by Steve Brownstein

Viet Nam aims to develop national credit information database to assist the State Bank of Viet Nam (SBV) to manage and oversee the local banking system, the central bank said, referring to Circular No.03/2013/TT-NHNN.

The national credit information database is also expected to help credit institutions prevent and reduce risks during their operation as well as aid borrowers in accessing bank credit, thus contributing to the socio-economic development of the country