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 South East Asian nation.
TransUnion said it will not only leverage its own global experience in credit information management, but the domestic expertise of Mozaik and a solid, local management team to deliver a world-class credit bureau of international standards.
TransUnion International president of Andrew Knight said that with more than 40 years of operating experience in over 25 markets across the globe, TransUnion experience in setting up credit bureaus is vast and our commitment to Asia is strong.
"We will leverage and build upon our current presence in Asia including China, Hong Kong, India, Singapore, and Thailand to establish a world-class credit information company in Vietnam. The transformations that have taken place in these markets’ economies are remarkable, and we look forward to accomplishing the same results here in Vietnam," Knight said.
