What is CIC and how to clear bad debt CIC

What is CIC?

CIC Vietnam stands for Credit Information Center, meaning Credit Information Center. Information in the system is one of the important factors in credit approval by banks.

Vietnam National Credit Information Center is a non-profit public organization under the State Bank of Vietnam, with the following tasks:

• Perform national credit registration function
• Collect, process, store and analyze credit information
• The CIC system prevents and limits credit risks
• Scoring and credit rating of legal entities and individuals in the territory of Vietnam
• Serving the state management requirements of the State Bank
• Providing credit information products and services according to the regulations of the State Bank and the law.

Quyen is a creative copywriter with a passion for fintech. a degree from the Ho Chi Minh University of Economics. After graduating from the UEH (Ho Chi Minh Economics of University), she's constantly expanding her knowledge through investment and financial literacy courses, seminars, and conferences. Quyen also has experience in banking and credit. Her articles draw on her background in finance to help readers make informed decisions.