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ARTICLE · 22 MARCH 2010

Decree 10 on Credit Information Operations

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On 12 February 2010 the Vietnamese Government issued Decree 10/2010/ND-CP on credit information operations ("Decree 10").

Hong KongCorporate/Commercial Law
Dao Nguyen
Dao Nguyen
Hoang Anh Nguyen
Hoang Anh Nguyen
Mai Phuong Nguyen
Mai Phuong Nguyen
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Originally published 19 March 2010

Keywords: Decree 10, credit information operations, lending, credit rating companies

On 12 February 2010 the Vietnamese Government issued Decree 10/2010/ND-CP on credit information operations ("Decree 10").

Decree 10 regulates credit information operations, credit rating companies and the rights and obligations of related organisations and individuals.

Credit information operations

Credit information means files, figures, data and information about borrowers at lending institutions.

Credit information products mean any information, reports, or publications which a credit rating company creates, on the basis of the credit information it has collated, in order to provide the same to lending institutions, other institutions and individuals.

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