What Must Be Included in the Bank Guarantee Letter in Vietnam

What Must Be Included in the Bank Guarantee Letter?

The guarantee commitment must include the following contents: a) Applicable regulations; b) Serial numbers and guarantee commitment form; c) Information about parties in the guarantee relationship; d) Date of guarantee issuance, guarantee validity commencement and/or cases in which the guarantee validity begins; dd) Date of validity termination and/or cases in which the guarantee validity is … Read More

What are Application Dossiers to Apply for Bank Guarantee in Vietnam

What are Application Dossiers to Apply for Bank Guarantee?

According to Vietnam Law on Credit Institution, and Circular 07/2015/TT-NHNN, the application dossiers for bank guarantee are: a) Written request for guarantee;b) Materials related to customers;c) Materials on guaranteed obligations;d) Materials on security (if any);dd) Materials related to other parties (if any). How ANT Lawyers Could Help Your Business? The changes of laws will be … Read More

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