Hanoi (VNA) - The National CreditInformation Centre of Vietnam (CIC) and the State Bank of Vietnam (SBV) hasofficially launched a portal connecting borrowers and credit institutions.

Through the portal, borrowers can easily choosecredit packages and register loan needs at the appropriate credit institutions,saving travel costs and time when using banking services.

The borrower connection portal is also aimed atimproving the transparency of credit information. Borrowers are allowed to viewtheir own credit information and credit scores to monitor their creditlevels as well as prevent fraud.

In addition, customers will be advised by CIC onhow to improve their credit scores and access credit at credit institutions.

Credit institutions participating in the portalare introducing credit packages and preferential policies for customers.They will be able to use the platform to approach borrowers, reduce the timeand cost of finding and selecting customers and ensure openness andtransparency.

According to CIC’s General Director Do HoangPhong, CIC provides guidance and solutions on its website and through itssmartphone application "CIC Credit Connect - Connecting loanneeds".

At the launch ceremony for the platform,SBV’s Deputy Governor Nguyen Kim Anh said the move showed CIC has applied newtechnologies to help borrowers and credit institutions.

Anh said CIC needs to improve the featuresof the portal, focusing on convenience for customers when registering onlineand ensuring the safety and confidentiality of their information.

Credit institutions must coordinate with CIC tointroduce and regularly update credit packages, serve the needs ofcustomers and give feedback to CIC to improve and develop the portal,Anh added.-VNA