Decision No. 47/2007/QĐ-NHNN stipulates the fee for credit information services applicable to credit institutions and other organizations engaged in banking activities in Vietnam, with a maximum rate from VND 150,000 to VND 2,000,000 depending on the credit information product.
Scope of application
Credit institutions and other organizations engaged in banking activities in Vietnam include headquarters, branch offices, branches, and affiliated units.
Key points
- Headquarters, branch offices, branches, and affiliated units of credit institutions and other organizations engaged in banking activities shall be assigned a bank code according to Decision No. 23/2007/QĐ-NHNN in 2007 → must pay a maximum fee from VND 150,000 to VND 2,000,000 depending on the credit information product.
- The user is the person registered by the using entity with the Credit Information Center to exploit and use credit information products → must pay the prescribed fee.
- The Director of the Credit Information Center has the authority to reduce the cost of using credit information products up to a maximum of 15% of the actual total amount per month for entities that comply well with the Credit Information Operation Regulations and exploit and use many products.
- Credit institutions and other organizations requiring the use of other credit information services → must pay the fee established by the Director of the Credit Information Center, ensuring sufficient cost recovery, accumulation, and suitability with usage capacity.
- This Decision replaces Decision No. 1669/2005/QĐ-NHNN dated November 18, 2005 on the fee for credit information services.
🌐 Social impact of this document
- Positive impact: Reducing the financial burden for credit institutions and other organizations engaged in banking activities when exploiting and using multiple credit information products.
- Negative impact: Increasing the financial burden for users of credit information services.
❓ Frequently asked questions
What is the maximum fee for credit information products?
The maximum fee ranges from VND 150,000 to VND 2,000,000 depending on the credit information product, specifically as follows: Management of using entities and users (VND 150,000/year), Credit relationship report (VND 60,000/copy), Collateral asset report (VND 60,000/copy), Corporate financial report (VND 90,000/copy of finance), Credit relationship, finance, and collateral asset report (VND 200,000/copy), and Regular credit information bulletin (VND 25,000/copy).
How must users of credit information services pay the fees?
Users of credit information services must pay the fees as prescribed by the Director of the Credit Information Center, including other credit information products with maximum fees established by the Director of the Credit Information Center.
Does the Director of the Credit Information Center have the authority to reduce the cost of using credit information services?
Yes, the Director of the Credit Information Center has the authority to reduce the cost of using credit information products up to a maximum of 15% of the actual total amount per month for entities that comply well with the Credit Information Operation Regulations and exploit and use many products.
When does this Decision take effect?
This Decision takes effect from February 1, 2008 and replaces Decision No. 1669/2005/QĐ-NHNN.
What must credit institutions and other organizations engaged in banking activities do to be eligible for a reduction in the cost of using credit information services?
Credit institutions and other organizations engaged in banking activities must comply well with the Credit Information Operation Regulations and exploit and use many credit information products to be considered for a reduction in the cost of using services by the Director of the Credit Information Center.
Full text
Pursuant to …;
on the fee for credit information services
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Law on the State Bank of Vietnam 1997; the Law Amending and Supplementing Certain Provisions of the Law on the State Bank of Vietnam 2003;
Pursuant to the Law on Credit Organizations 1997; the Law Amending and Supplementing Certain Provisions of the Law on Credit Organizations 2004;
Pursuant to Decree No.Decision No. 52/2003/NĐ-CP dated May 19, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;At the proposal of the Director of the Accounting and Finance Department and the Director of the Credit Information Center,
The maximum fee for providing credit information products applicable to credit organizations and other entities engaged in banking activities in Vietnam shall be as follows:
DECISION:
Article 1. Name of product/service group
|
Serial number |
(According to the standard report model) Product group code |
Maximum fee (VND) |
Unit of Measurement |
Management of the using unit and users: |
|
1 |
- The unit registers up to a maximum of six users - Users from the seventh onwards Per unit/year |
Per user/year Credit relationship information report |
2.000.000
150.000 |
|
|
2 |
R1x |
Collateral asset information report |
Copy |
60.000 |
|
3 |
R2x |
Corporate financial information report |
Copy |
60.000 |
|
4 |
R3x |
Annual financial report |
Credit relationship, financial, and collateral asset information report |
90.000 |
|
5 |
R4x |
Periodic credit information bulletin |
Copy |
200.000 |
|
6 |
R5x |
The entity referred to in this Article is the main office, branch, sub-branch, or affiliated unit of credit organizations and other entities engaged in banking activities that have been assigned a bank code under Decision No. 23/2007/QĐ-NHNN dated June 5, 2007 issued by the Governor of the State Bank of Vietnam on the system of bank codes used in banking operations and transactions. |
Copy |
25.000 |
The user referred to in this Article is the person registered by the using entity with the Credit Information Center to access and utilize credit information products.
Based on the maximum fees specified above, the Director of the Credit Information Center shall determine specific fees for each product during different periods.
The Director of the Credit Information Center may decide to reduce the usage fee for credit information products stipulated in Article 1 of this Decision for entities that comply well with the Credit Information Operation Regulations and utilize multiple credit information products. The conditions and extent of the reduction in the usage fee shall be determined by the Director of the Credit Information Center but shall not exceed 15% of the actual usage fee of the entity for the month.
Article 2. The fee for other credit information products shall be established by the Director of the Credit Information Center, ensuring full cost recovery, accumulation, and suitability with the service usage capacity of customers, including:
Article 3. 1. Summary report on customer information (S1x)
2. Special report on enterprises (S2x)
3. Emergency information report (S3x)
4. Timed information search (S4x)
5. Credit rating analysis product (S5x)
6. Credit scoring product (S6x).
These products mentioned in this Article shall be provided based on contracts to credit organizations, other entities engaged in banking activities, and other organizations and individuals with relevant needs.
This Decision takes effect from February 1, 2008, and replaces Decision No. 1669/2005/QĐ-NHNN dated November 18, 2005 of the Governor of the State Bank of Vietnam on the fee for credit information services.
Article 4. The Heads of the Office, Directors of the Accounting and Finance Department, Director of the Credit Information Center, Heads of units under the State Bank of Vietnam, Governors of the State Bank of Vietnam branches in provinces and centrally-administered cities, General Directors (Directors) of credit organizations, and related organizations and individuals are responsible for implementing this Decision./.
Article 5. The Head of the Office, the Director of the Accounting and Finance Department, the Director of the Credit Information Center, the Heads of units under the State Bank, the Directors of the State Bank branches in provinces and centrally governed cities, the General Directors (Directors) of credit organizations, and related organizations and individuals are responsible for implementing this Decision./.
DEPUTY DIRECTOR
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