1. We hereby notify that we and the Developer have mutually agree to terminate the Guarantee Agreement for off-the-plan housing no. MMD20241876919/TTBL/VUYEN/TCB-NVY signed on May 24, 2024 and the appendices, amendments and supplements (if any)) prior to its expiry date. Details as follows:

a. Date of termination of Guarantee Agreement: 08/07/2025

b. Developer: NVY VIET NAM DEVELOPMENT JOINT STOCK COMPANY

c. Project name: Entertainment area, housing and ecological park on Vu Yen island, Hai Phong City (or another name as decided by the Developer or State Agency from time to time)

d. Buildings/ houses under the Project that fall within scope of terminated Guarantee Agreement: The low-rise residential area at blocks 3.1, 3.2 and 4.3  the Entertainment, Residential and Ecological Park Project located on Vu Yen island, Hai Phong city.

e. Guarantee obligation: guarantee financial obligation of the Developer in the event the Developer fails to hand over the house on time and does not fully refund the advance payments received from the homebuyers as wells as other amounts (if any) that the Developer is obliged to pay as committed under the signed sale contract of the Project.

 

2. After the termination date of the Guarantee Agreement, Techcombank will cease issuing any new guarantee letters for Buyers of houses falling within scope of terminated Guarantee Agreement at item 1 (d) above.

 

3. For guarantee letters that have already been issued to Buyers of houses under the Project prior to the termination date, Techcombank shall continue to honor our commitment until all guarantee obligation are fully discharged.

 

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