Financial guarantee solutions for Small enterpise

Description

A bid bond is a guarantee issued by Techcombank to the project owner, ensuring that the bidding enterprise will fulfill its obligations during the bidding process. Should the enterprise withdraw or breach its commitments during the bidding, Techcombank will compensate the project owner for the guaranteed amount.

Benefits

• Enhances credibility with the project owner, increasing the likelihood of winning the bid.
• Meets the requirements of most major bidding projects.
• Facilitates access to funding or the issuance of a performance bond upon successful bid

Issuance method

• Online in written or electronic form 
• At the counter in the form of text, electronic or via SWIFT

Description

A commitment guaranteeing that a business will refund advance payments received from a counterparty for project implementation. In the event of non-performance or incomplete fulfillment of contractual obligations, Techcombank will, on behalf of the business, refund the advanced amount.

Benefits

• Facilitates swift receipt of advance payments from project owners for project commencement.
• Enhances business credibility, providing a competitive edge in contract negotiations.
• Assures counterparties of secure advance payments, mitigating financial risks.

Issuance method

• Online in written or electronic form 
• At the counter in the form of text, electronic or via SWIFT

Description

A guarantee issued by Techcombank, assuring that a business will fulfill its obligations as outlined in a contract with its counterparty. Should the business default or breach the contract, Techcombank will pay the guaranteed amount to compensate the counterparty for their losses.

Benefits

• Ensures the business adheres to contractual obligations regarding schedule and quality.
• Enhances credibility and facilitates partnerships with major counterparties.
• Provides project owners with assurance regarding contract execution.

Issuance method

• Online in written or electronic form 
• At the counter in the form of text, electronic or via SWIFT

Description

A commitment by Techcombank, guaranteeing that a business will fulfill its warranty obligations for products or services as stipulated in a signed contract. In the event of non-performance or breach of warranty obligations, Techcombank will, on behalf of the business, provide compensation or pay the guaranteed amount to the counterparty.

Benefits

• Reinforces the business's commitment to product and service quality.
• Builds trust with partners and customers regarding warranty coverage.
• Satisfies warranty requirements for large, long-term contracts

Issuance method

• Online in written or electronic form 
• At the counter in the form of text, electronic or via SWIFT

Description

A commitment from Techcombank ensuring that a business will make timely payments to its counterparty as stipulated in a signed contract. In the event of non-payment or delayed payment, Techcombank will, on behalf of the business, fulfill the financial obligations up to the guaranteed amount.

Benefits

• Enhances the business's payment reputation, fostering trust with counterparties.
• Ensures timely payment obligations, preventing transaction disruptions.
• Supports the business in maintaining long-term partnerships

Issuance method

At the counter in the form of text, electronic or via SWIFT

Description

A commitment from Techcombank ensuring that a business will repay a loan from a credit institution according to the agreed terms. In the event of the business failing to repay the loan on time, Techcombank will, on behalf of the business, fulfill the payment obligation up to the guaranteed amount.

Benefits

• Facilitates easier access to loan capital for businesses.
• Enhances the ability to raise capital for production and business expansion.
• Supports businesses in stabilizing cash flow and achieving sustainable growth.

Issuance method

At the counter in the form of text, electronic or via SWIFT

Description

A commitment by Techcombank to tax and customs authorities, ensuring that a business fulfills its tax obligations, including import duties and value-added tax, within the stipulated timeframe. In the event of the business failing to meet its tax obligations, the bank will, on behalf of the business, settle the outstanding tax amount.

Benefits

• Facilitates swift customs clearance procedures for goods.
• Optimizes cash flow management, eliminating the need for immediate tax payments.
• Enhances the business's reputation with tax and customs authorities.

Issuance method

At the counter in the form of documents and electronics

Description

A form of guarantee where Techcombank commits to paying another bank (the Guaranteeing Bank) if the business fails to fulfill its financial obligations. Additionally, Techcombank can receive a counter guarantee from another bank to issue a guarantee for the business.

Benefits

• Enhances business credibility, facilitating the fulfillment of guarantee requirements from counterparties.
• Techcombank's reputable standing ensures payment obligations to the Guaranteeing Bank.
• Expands partnership opportunities, particularly with international counterparties requiring guarantees from a financially sound bank.

Issuance method

At the counter in the form of documents and electronics