Composition of dossier of request for modification of a business eligibility certificate for credit rating services in Vietnam

According to the Decree No. 88/2014/NĐ-CP of Vietnam’s Government, modification of business eligibility certificates for credit rating services is specified as follows:

1. Credit rating agencies shall carry out procedures for requesting modification of a business eligibility certificate within fifteen (15) working days after a change in such certificate’s contents prescribed in Article 17 of the Decree No. 88/2014/NĐ-CP occurs.

2. A dossier of request for modification of a business eligibility certificate must comprise:

- A written request for modification of the business eligibility certificate, made according to form No. 4 provided in the Appendix to the Decree No. 88/2014/NĐ-CP, clearly stating the reason for modification;

- The original business eligibility certificate last granted;

- Documents proving contents of the business eligibility certificate requested to be modified.

3. Within ten (10) working days after receiving a complete and valid dossier, the Ministry of Finance shall examine and consider the dossier for modification of the business eligibility certificate. In case of refusal, the Ministry of Finance shall reply in writing, clearly stating the reason.

When there is a change in one of the following five contents, the state management agency must be notified:

- Failure to meet one of the conditions prescribed in Article 14 of this Decree;

- Name, address of the head office and address of the website of the credit rating agency;

- At-law representative of the agency;

- Dissolution, bankruptcy or termination of provision of credit rating services;

- Revocation of the enterprise registration certificate.

View more details at the Decree No. 88/2014/NĐ-CP of Vietnam’s Government, effective from November 15, 2014.

Thuy Tram

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