Other guarantee services

Enhance your capacity to seize business opportunities

      Advising

As appointed, Vietcombank advises the beneficiary on the commitment of another bank to pay a certain amount of money to the beneficiary upon his presentation of a complying demand. This is an advice of a guarantee issued by another bank without any responsibilities of Vietcombank.

Benefits

  • Gain more credibility with partners ;
  • Fast transfer of information;
  • Simple and convenient procedures;
  • Competitive fee schedule.

      Amendment

You can request Vietcombank to issue amendment for a guarantee issued by Vietcombank in case related parties agree to amend contents of the guarantee without transferring it to another party.

Benefits

  • Get professional advises on necessary procedures to have the best guarantee solution;
  • Can change contents to be more appropriate, gaining more pro-activity in negotiation with related parties;
  • Gain more credibility with partners;
  • Simple convenient procedures;
  • Competitive fee schedule.

      Confirmation

As the applicant or the beneficiary, you can request Vietcombank to confirm a guarantee issued by another bank. This is Vietcombank’s commitment on the ability to perform the obligation of the guarantor to the beneficiary. In case the guarantor can’t perform the committed obligation, Vietcombank will perform the financial obligation with the beneficiary as committed in the guarantee confirmation.

Benefits

  • Be ensured for payment by a leading bank in Vietnam;
  • Simple and convenient procedures;
  • Competitive fee schedule.

      Collection

As the beneficiary, you can request Vietcombank to collect the money under the guarantee. Vietcombank will, on your behalf, collect money from the guarantor/guarantee confirmer/appointed paying party.

Benefits

  • Be supported in best way to collect money; 
  • Save time and cost.

      Authentication

As the applicant or the beneficiary, you can request Vietcombank to confirm the authentication of a guarantee. Vietcombank will ask the guarantor to confirm if they have issued the guarantee and advise you the result.

Benefits

  • Be ensured on the authentication of a guarantee;
  • Be confirmed in the shortest time;
  • Simple and convenient procedures;
  • Competitive fee schedule.

      Guarantee commitment issuance

This is a contract or commitment in writing between you and Vietcombank in which Viecombank commits to issue guarantee to you at your request in accordance with  content of the agreement. 

Benefits

  • You do not need to satisfy the credit and other conditions as required by Vietcombank for guarantee issuance.
  • Demonstrate  to  your partner that you can have Vietcombank’s guarantee if needed. So that  your reliability with partner will be improved.