TransUnion, announced in December the issuance of its business license for the establishment of TransUnion Vietnam. The new entity will work closely with its local business partner, Mozaik Corporation, and seeks to bring its range of credit reporting and risk management solutions to the fast growing South East Asian nation.
Indeed the government of Vietnam recognized the increasing need for better credit reporting mechanisms earlier this year, with the passing of decree 10/2010 in April, paving the way for TransUnion’s entry to the market, with its world-class credit offering and proven approach of working side-by-side with the banking and finance industry. TransUnion will not only leverage its own global experience in credit information management, but the extensive domestic expertise of Mozaik and a solid, local management team to deliver a world-class credit bureau of international standards. Source: TransUnion Press Release