Collateral has been viewed as a safety measure in the capital market in recent times, including bank credit and corporate bonds. Analysts believe that relying too much on collateral will slow the development of the capital market. As society and the economy develop, there will be more and more professions without collateral, such as the information technology or service industries. To harmonize risk management, ensure safety and credit growth, credit institutions need to consider credit ratings for customers with large outstanding loans or large loan needs for investment. In Vietnam, Decree No. 88/2014/ND-CP being issued to regulate the licensing and operations of credit rating organizations has created conditions for the formation of an official credit rating market.