Tender guarantee

Tender guarantee aims to help customers meet the guarantee requirements of the third party and increase the enterprise’s trust and prestige when using VPBank’s guarantee services.

The purpose of Tender guarantee is the bank's guarantee of compensation within the amount of money in the letter of guarantee if the guarantee requestors refuse to sign a contract that has won the bid, withdraw bid security before prescribed date or unable to prove to ensure work for the contractor after signing contract

  • To help customers be able to participate in a procurement transaction that the bids must be guaranteed by a bank
  • To help increase the customers' reliability  with their partners by guarantee from a reputable bank
  • Procedures for issuing guarantee are simple, fast,, requirements of deposit and collateral are reasonable and flexible