THE PRIME MINISTER
Decision No. 304/QD-TTg dated February 06, 2013 of the Prime Minister approving the Scheme to improve national credit rating
Pursuant to the Law on Organization of the Government of December 25, 2001;
Pursuant to the Law on Public Debt Management dated June 17, 2009;
Pursuant to the Decree No. 118/2008/ND-CP of November 27, 2008 of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
At the proposal of the Minister of Finance,
DECIDES:
Article 1. To approve the Scheme of "Improvement of national credit rating" with the following principal contents:
I. OBJECTIVE AND REQUIREMENTS AND SPECIFIC TARGETS
1. Objective
a) To strive toward 2020 gradually to raise national credit rating obtained a minimum credit rate equal to the investment starting rate (Baa3 for the credit rating of Moody's or BBB-for the credit rating of S&P or Fitch).
b) To give the cooperation relation between Vietnam and other credit rating companies to develop more and more substantive, reliable and sustainable.
c) Through the contact with the credit rating organizations to promote, propagate and introduce more intensive on social and economic situation of Vietnam to the international investors.
2. Requirements
a) To ensure the regular, constant, systematical implementation of the national credit rating to enhance national prestige in the international arena and meet better the requirements of socio-economic development of the country...
b) To ensure the principles of equality, voluntariness, effectiveness in accordance with the capabilities, resources, Vietnamese law and international practices when coordinating with the credit rating organizations.
d) To enhance the sense of initiative, activeness, synchronous coordination and accountability of the ministries, agencies and localities, and the concerned organizations in the implementation of the works related to the national credit rating.
đ) To ensure the principles of transparency, completeness, timeliness, accuracy in exchange, provision of information to the credit rating organizations; to ensure consistency with the published data, publicly and accordance with the provisions of Vietnamese law.
