On Jan. 25, VIE CB proposed to amend credit information decree.
VIE CB drafted decree amending as well as supplementing certain provisions of government Dec 58/2021/ND-CP, which governs credit information service activities.
Follows VIE Tax Jun. 2021 regulated rules of credit information services, see #108018.
Overview of Proposal
Legal basis includes articles 9 and 23 of the Law on the State Bank of Vietnam, which outline VIE CB's responsibilities for issuing licenses for credit information services.
The practical basis for this decree is the government's focus on administrative procedure reform and the development of a national population database.
The proposed amendments in the draft decree focus on simplifying the application process for certificates of eligibility for credit information service activities.
For citizens, 4 information fields are required, non-Vietnamese need to 7 fields; to align with administrative procedure reform efforts, streamline application process.
Consultation End
The consultation period re the proposals is not expressly stated.
Oct. 2024 VIE GVT Amendment Published
On Oct. 21, 2024, VIE GVT published decree for submission of documents, personal information requirements for both citizen and foreigners in credit information sector.
This decree will take effect from Nov. 1, 2024.
Document dated Oct. 21, 2024, received from VIE CB Oct. 23, summarized Oct. 25.
