Beyond traditional factors such as production costs, operational capacity, and supply chain readiness, business transparency, brand reputation, and data-driven decision-making are rapidly emerging as decisive elements shaping long-term corporate competitiveness.
This strategic message was prominently highlighted at the CRIF Forum Vietnam 2026, held for the first time in Hanoi on August 27 under the theme “Empowering Growth with Trusted Data”.
The landmark event brought together senior government representatives, financial regulatory bodies, international organization delegates, and corporate leaders to examine the pivotal role of reliable information in elevating decision-making quality across investment strategies, financial management, technology integration, supply chain governance, and sustainable business development.
Speakers and industry experts at the forum emphasized that high-quality data has now evolved into a fundamental benchmark for establishing market credibility.
When corporate data maintains accuracy, transparency, consistency, and verifiability, and is deployed within a secure and ethically responsible framework, it serves as a vital bridge for building mutual trust. This data-backed trust connects businesses with commercial banks, financial institutions, venture capital investors, retail customers, and strategic supply chain partners alike.
Through this rigorous validation process, raw data is effectively transformed into a “credibility asset”. This high-value asset enables financial institutions and market participants to accurately identify operational capabilities, analyze risk profiles, and assess corporate creditworthiness before committing to capital allocations, loan approvals, or strategic partnerships. Consequently, transparent data acts as a powerful catalyst in reducing transaction friction and facilitating access to affordable capital.
Addressing the forum, Mr. Nguyen Xuan Tho, Deputy Director General of the Agency for Private and Collective Enterprise Development under the Ministry of Finance, noted that CRIF Forum Vietnam 2026 directly addresses a pressing global priority. As digital transformation accelerates nationwide, national regulators, international organizations, and the broader business community are urgently seeking effective strategies to harness data while simultaneously constructing and reinforcing trust across the entire economic ecosystem.
As data becomes deeply embedded in day-to-day enterprise operations, ranging from internal governance and market evaluation to executive decision-making and resource acquisition, establishing a trusted data infrastructure has become a necessity.
Building such a robust data ecosystem not only fosters continuous innovation and optimizes global resource allocation, but also creates a solid, future-proof foundation for sustainable investment and long-term economic prosperity in Vietnam.
Within the framework of the program, CRIF Vietnam and the Business Registration Support Center under the Agency for Private and Collective Enterprise Development (APED), Ministry of Finance, signed a Memorandum of Understanding (MOU). The agreement establishes a framework to help Vietnamese small and medium-sized enterprises accelerate digital and green transitions, enhance ESG transparency, and improve readiness for green financing.
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