Quyết định 507/QĐ-TTg năm 2015 phê duyệt Quy hoạch phát triển dịch vụ xếp hạng tín nhiệm đến năm 2020 và tầm nhìn đến năm 2030 do Thủ tướng Chính phủ ban hành

DECISION

APPROVING THE MASTER PLAN ON DEVELOPMENT OF CREDIT RATING SERVICES THROUGH 2020, WITH A VISION TOWARD 2030

Pursuant to the December 25, 2012 Law on Organization of the Government;

Pursuant to the Government’s Decree No. 88/2014/ND-CP of September 26, 2014, on credit rating services;

At the proposal of the Minister of Finance,

DECIDES:

Article 1. To approve the master plan on development of credit rating services through 2020, with a vision toward 2030, which covers the following contents:

1. Development viewpoints and orientations

a/ The master plan on development of credit rating services through 2020, with a vision toward 2030 is formulated in line with socio-economic development and development of the stock market and bond market in each period;

b/ The development of credit rating services aims to support the development of the domestic stock market and bond market, enhance the publicity and transparency of the market, promote the mobilization of capital through the stock market and bond market, and protect investors’ legitimate rights and interests.

2. Objectives and implementation solutions

a/ Objectives

- General objectives:

+ To step by step form and develop domestic credit rating services and ensure their quality as prescribed in the Government’s Decree No. 88/2014/ND-CP of September 26,2014, on credit rating services;

+ The number of credit rating service providers must suit the scale of the stock market and bond market and stakeholders’ demands for the service.

- Targets:

+ By 2030, to consider granting business eligibility certificates to 5 (five) credit rating service providers at most;

+ In the course of implementation, the Ministry of Finance shall evaluate operation results of credit rating service providers and propose the Prime Minister to adjust the master plan (if any);

+ By 2020, to strive for rating of all issuance drives of corporate bonds.

b/ Implementation solutions:

- Mechanisms for selection of credit rating service providers to be granted business eligibility certificates

+ To select credit rating service providers according to the criteria, conditions and service quality prescribed in the Government’s Decree No. 88/2014/ND-CP of September 26, 2014, on credit rating services.

+ The grant of business eligibility certificates must comply with the Government’s Decree No. 88/2014/ND-CP of September 26, 2014, on credit rating services, and this Decision;

+ When many enterprises fully satisfy conditions and criteria for being granted business eligibility certificate, those with advantages of professional qualifications, skills and experience of members of the credit rating council and analysts shall be selected to ensure the credit rating service quality.

- Management and supervision mechanisms

The State shall manage and supervise activities of credit rating service providers under the Government’s Decree No. 88/2014/ND-CP of September 26, 2014, on credit rating services.

Article 2. Implementation organization

To assign the Ministry of Finance to assume prime responsibility for, and coordinate with related agencies in:

1. Granting business eligibility certificates to provide credit rating services under the Government’s Decree No. 88/2014/ND-CP of September 26, 2014, on credit rating services, and this Decision.

2. When necessary, proposing the Prime Minister to promulgate a decision amending, supplementing or replacing this Decision.

Article 3. This Decision takes effect on the date of its signing.

The Minister of Finance and heads of related agencies shall implement this Decision.-

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