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Form of guarantee

Various forms of guarantee, including paper-based and e-letter.

Competitive fees

Various properties accepted as collaterals

KEY INFORMATION
  • IntroductionBIDV provides corporate customers with secured guarantee letter in order to ensure the payment obligations to business partners.
  • Target customersVietnamese and foreign organizations/ individuals.
  • Forms of guaranteePaper letter
  • Guarantee TermNegotiable, depending on customer's needs.
  • CurrencyVND and foreign currency
BENEFITS
  • Enhanced credibility towards business partners, raised chances of transaction success.
  • Various forms of guarantee, including paper-based and e-letter.
  • Professional serviced delivered within one working day.
  • Various properties accepted as collaterals.
  • Competitive fees.
APPLICATION CRITERIA
  • Eligible organization in accordance with Vietnam's civil law.
  • Lawful purpose of guarantee.
  • Corporate customer is financially capable of performing the guaranteed obligations within the agreed term.
  • The guarantee amount shall be comparable to customer's obligations.
  • Various properties are accepted as collaterals, including but not limited to real estate, machinery, vehicles, deposits...
DOCUMENTATION
  • Request for guarantee issuance, legal documents, financial documents, collateral documents, contract… in accordance with BIDV's regulations.
  • The documents shall undergo BIDV's appraisal process before we sign the contract of guarantee issuance and issue the letter of guarantee for customer.

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