When issuing Performance Guarantee, PBVN commits to guarantee the proper and sufficient obligations of payment for Beneficiary according to the contract. In case Beneficiary is unable to execute/fully execute the payment on due date, thus has to pay a fine due to violation of bidding regulation, PBVN will pay on behalf of them, provided that guarantee presents documents subject to term and conditions regulated in guarantee contract.
Satisfy your partner's requirement for a bank guarantee
Increase reliability of enterprises with their partners by having a reputable bank's guarantee.
Increase loan opportunity for business of enterprises
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