In Vietnam the Credit Information Centre under the central bank will provide credit ratings for enterprises.
This is the first time the centre has dealt with enterprises.
Its traditional targeted customers are the central bank, credit institutions and other government agencies.
Ratings should provide for proper evaluation of enterprises, facilitating either borrowing processes at a bank, or for deeper understanding of their position for competition and integration.
The bank is working to ensure the service runs at a professional operating standard after two-year piloting.
The centre has duty to rate enterprises in eight industries such as seafood processing, garment and textiles, footwear exports, coffee, and rubber.
It will also support state-owned credit institutions in establishing their own departments for credit rating, which must be operational no later than 2007.
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