VGP – Credit rating is a key sector for assessing an organization's financial capacity. To date, the Ministry of Finance (MoF) has issued credit rating service qualification certificates to five companies that meet the operational requirements. In the context of increasing demand for financial transparency among businesses, the credit rating sector plays a crucial role in promoting sustainable development in corporate and capital markets.
In accordance with the amended Investment Law of 2024 and 2020, and Government Decree No. 88/2014/NĐ-CP issued on September 26, 2014, the conditions for operating credit rating services are explicitly defined. The decree stipulates that companies in the credit rating sector must obtain a qualification certificate issued by the Ministry of Finance. Companies not registered for this service are prohibited from using the term "credit rating" or similar words in their names.
As of December 2024, the MoF, in collaboration with relevant agencies and sectors, has issued credit rating service qualification certificates to five enterprises. These include Saigon Ratings JSC, FiinRatings JSC (formerly Fiin Group JSC), Vietnam Investment Credit Rating JSC (VIS Rating), S&I Ratings JSC, and Thien Minh Rating JSC.