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Domestic and Overseas Guarantee

Build up your reputation with partners

Benefits

  • Guarantee term in line with your needs.
  • Different currencies of guarantee in accordance with statutory regulations on foreign exchange management
  • Diverse purposes of guarantee to fully meet your needs.
  • Several types of deposit and collateral at different ratios.
  • Sacombank may provide a written guarantee for multiple obligations to which different parties are jointly liable as set out in the contract.
  • You may adjust or extend the guarantee term to suit your needs, subject to time-saving and easy procedures.
  • Our guarantee products help improve your partners’ reliability in fulfilling their obligations as well as increase the probability of winning.

Features

  • Sacombank will issue written commitments stating that it will perform financial obligations on the customer’s behalf when he fails to fulfill or deficiently performs the obligations towards the guarantor.
  • Sacombank provides the following guarantee products:
    • Payment guarantee.
    • Bid guarantee.
    • Performance guarantee.
    • Product quality guarantee/warranty guarantee.
    • Advance payment guarantee.
    • Loan guarantee.
    • Counter guarantee.
    • Guarantee confirmation.
    • Co-guarantee.
    • Backup L/C
    • Any other guarantees in accordance with statutory regulations and international practices.
  • Guarantee term: The guarantee term will be agreed upon by you and the Bank, subject to the records and documents in respect of the guarantee purpose and relevant regulations.
  • Currency: VND and foreign currencies.
  • Language: Vietnamese or English.
  • Forms of guarantees:
    • Issuing letters of guarantee, guarantee confirmations.
    • Signing bills of exchange and promissory notes for guarantee confirmation purposes.
    • Any other forms as prescribed.
    • Factoring method: Installment and line of credit loans

Procedure

  • Target Customers: Companies from all economic sectors and legally operating in Vietnam.
  • Requesting the Bank to provide guarantees for lawful obligations.
  • Having collateral for the guaranteed obligations
  • Having a sound and healthy financial position.
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