CIC

CIC - Vietnam National Credit Information Center

CIC is a credit information center under the State Bank of Vietnam. CIC has the function of collecting, storing, analyzing, processing and forecasting credit information of individuals in order to serve the activities of the State Bank as well as credit institutions. Get instant access to CIC to quickly capture the latest, most relevant information on banking and finance.

The CIC credit information center acts as an intermediary to provide banks and credit institutions with a basis to verify credit for individuals as well as organizations. Thus all information - activities are synchronized to avoid the occurrence of fraud problems of an individual or a business. All will be thoroughly checked through the common system at CIC. The decision to disburse or not will depend greatly on this information.

CIC 's job is to manage credit loan documents that banks send monthly and quickly update the list to the system. The source of information obtained from CIC is reliable and of absolute accuracy. CIC will also review, classify and arrange locations as well as credit scores for specific individuals and organizations. In addition to the normative documents related to credit, the bank will be continuously updated to unify the operations of organizations under the State Bank of Vietnam.

Especially if any credit unit wants to lend, it should check the bad debt group that CIC classifies. NPL classification on CIC is divided into groups and has a great influence on the credit score of that unit. When you fall into one of the bad debt categories that CIC has categorized, it is almost impossible to get further loans. In period 4.0 when information technology plays a big role in building the state, CIC will have the most accurate answer for the State Bank as well as credit institutions to capture the customer network.