Guidance on re-grant of certificates of business eligibility certificates for credit rating services in Vietnam

According to the Decree No. 88/2014/NĐ-CP of Vietnam’s Government, re-grant of business eligibility certificates is guided as follows:

1. A business eligibility certificate shall be re-granted in the following cases:

- It is lost or damaged;

- The credit rating agency is divided, split up, merged, consolidated or transformed and continues to meet the conditions prescribed in Clauses 1 thru 7, Article 14 of Decree No. 88/2014/NĐ-CP.

2. Procedures for re-granting a business eligibility certificate in case of lost or damaged:

A dossier which must comprise:

- The original business eligibility certificate (except when it is lost);

- A written request for re-grant of the business eligibility certificate, made according to form No. 3 provided in the Appendix to Decree No. 88/2014/NĐ-CP.

Within five (5) working days after receiving a request for re-grant of a business eligibility certificate, the Ministry of Finance shall consider and re-grant such certificate.

3. Procedures for re-granting a business eligibility certificate in case of divided, split up, merged, consolidated or transformed:

A dossier which must comprise:

- A written request for re-grant of the business eligibility certificate, made according to form No. 1 provided in the Appendix to Decree No. 88/2014/NĐ-CP;

- Documents proving that the enterprise continues meeting the conditions prescribed in Clauses 1 thru 7, Article 14 of Decree No. 88/2014/NĐ-CP.

Within fifteen (15) working days after receiving a complete and valid dossier, the Ministry of Finance shall examine and consider the dossier for re-grant of the business eligibility certificate. In case of refusal, the Ministry of Finance shall reply in writing, clearly stating the reason.

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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