What is CIC?

CIC, also known as (Credit Information Center), is the Credit Information Center. It is a state-owned enterprise under the State Bank. CIC has the function of collecting, processing, storing, analyzing, and forecasting credit information to serve the State management requirements of the State Bank.

1. Main activities of CIC

• Organize the exploitation, collection and purchase of credit information from domestic and foreign sources.
• Provide timely, complete and honest credit information products to the State Bank, credit institutions and other organizations in accordance with the Governor's regulations and the law.
• Conduct credit analysis, ranking and scoring for organizations and individuals with borrowing relationships with credit institutions.
• Provide credit information services; provide early warning of credit risks in accordance with the law.
• Provide credit services and products in accordance with Vietnamese law.

2. Why do you need to look up CIC?

CIC is like a storage of credit history information of individuals and businesses. From there, we can know the level of reputation, credit activities and bad debt of individuals or businesses in the banking system nationwide.

Check your personal credit history to see if you have any bad debts. This will affect your decision to use financial products and your credit limit at a bank or credit institution.

In case you have bad debt, banks and credit institutions will adjust your credit limit (depending on which bad debt group you are in). Therefore, checking CIC is very necessary for individuals and businesses to quickly handle outstanding loans (if any). In addition, be prepared for the case that you need to borrow money for personal or business purposes but are on the bad debt list so you cannot borrow or borrow with an undesirable limit.

3. How to check personal CIC

a. Check personal CIC Online via website

To look up your personal CIC, you can go to the website https://cic.gov.vn/#/to register an account

After 1 working day, CIC will have someone call you back to confirm the information. If the owner is correct, the CIC check result will be returned via email.

Note: looking up CIC online via the website is completely free.

b. Look up via CIC check App

You can check CIC via CIC Credit Connect application. The implementation has been clearly mentioned in the user guide link below.

Note: looking up CIC online via the website is completely free.

c. Check CIC Directly at the center

You can go directly to the center to check at the address below. However, this lookup will cost a fee.

Head office: No. 10 Quang Trung, Ha Dong District, Hanoi, Vietnam

Branch: 14th Floor Vietcombank Tower, No. 5 - Me Linh Square, Ben Nghe Ward, District 1, HCMC

d. Check CIC through bank or credit institution

In case you check CIC through a bank/credit institution when you apply for a loan/financial service. Depending on the bank/credit institution, you may or may not be charged a CIC check fee. So please ask the consultant clearly about this fee.

The limit check feature on Touch helps customers know their “credit status” and recommends appropriate credit limits.

e. Touch – Free limit lookup

Continuing the mission, customers come to Touch will easily open the financial door. Just go through the steps of facial authentication and Citizen Identification Card (CCCD), Touch will score and grant you a credit limit. From there, you will be proposed financial solutions that suit your needs.