According to the newly released assessment by the World Bank titled “Doing Business 2020”, Vietnam ranks 25th among 190 countries and territories in terms of providing access to credit, up seven places compared to 2019, ranking second in Asia after Brunei.
The credit access index takes into account legal interest and credit information depth. Vietnam scored maximum points for credit information, which pushed the credit access score to 80 points in a 100-point framework, increasing by five points compared to 2019.
This means people and businesses can access fair, transparent credit and favorable legal policies to protect the legal rights of borrowers and lenders.
