Purpose - The purpose of this research is to make a comparative assessment of People Credit Funds (PCFs) ranking in Vietnam between the Circular No. 42/2016/TT-NHNN dated December 20, 2016 with the Decision No. 14/2007/QD-NHNN dated 09/4/2007 issued by the Governor of the State Bank.
Research design, data, and methodology - This study is mainly based on the Circular No. 42/2016/TT-NHNN dated December 20, 2016 and the Decision No. 14/2007/QD-NHNN dated 09/4/2007 issued by the Governor of the State Bank on PCFs ranking.
Results - The study paper has shown positive changes in PCFs ranking in Vietnam in accordance with the Circular No. 42/2016/TT-NHNN, such as increasing Capital Adequacy Ratio (CAR), maintaining CAR, improving assets quality, developing indicators of governance, management and control capability. These changes have implications for the development and efficient performance of PCFs in Vietnam.
Conclusions - The classification and evaluation of PCFs will contribute to its healthy development. These finding support PCFs to understand more about rating methodology, significance of rating system and the importance of improving their rating. PCFs in Vietnam desire to develop their business effectively, they need to understand exactly and comply fully with regulations related to their field of operations.

Abstract
 1. Introduction
 2. Comparative Analysis between the CircularNo.42/2016/TT-NHNN with the DecisionNo.14/2007/QD-NHNN
  2.1. Adjusting the Norms of Capital criteria (Article 6)
  2.2. Adjustments to the Indicators of Asset QualityCriteria (Article 7)
  2.3. Adjustments to the Indicators of Governance,Management and Control Capacity (Article 8)
  2.4. Adjustments to the Indicators of BusinessPerformance (Article 9)
  2.5. Adjustments to the Indicators of Liquidity (Article10)
  2.6. Other revision
 3. Evaluating the Differences betweenCircular 42 and Decision 14
 4. Conclusions
 References

• Thu Thuy Dang(Ph.D., Banking Academy, Vietnam.)