Fast-track guarantee for businesses bidding on public procurement projects.

To practically support and promote the implementation of investment projects, especially those funded by the state budget, and to enhance the advantages of small businesses participating in bidding, Techcombank has announced a guarantee solution for small businesses with a limit of up to 50 billion VND and a super-fast guarantee issuance time of just 1 hour.

Keeping pace with the peak bidding season: The bidding market becomes most active in the last months of the year. This is also the time when the demand for guarantees from businesses increases sharply, especially for public procurement projects. According to experts, "The most common difficulties that businesses face include short preparation (submission) time for bids, difficult contract performance conditions, and strict standards for contractor capacity and experience. These are also specific issues for industries with frequent bidding activities such as pharmaceutical trade, medical equipment, construction, and technical equipment supply." Mr. Nguyen Kha, director of a medical equipment supply company, shared: "The bidding market for public procurement items is always open. However, to successfully bid, besides capacity, a substantial amount of capital is necessary to increase the chances of success, because you have to simultaneously deposit a bid or issue a guarantee to demonstrate financial capacity." If this package doesn't work out, we still have other packages to minimize the risk of losing the bid."

Bảo lãnh siêu tốc cho doanh nghiệp đấu thầu dự án mua sắm công- Ảnh 1.

Meeting the needs of businesses, especially small and medium-sized enterprises (SMEs) with limited collateral and a need for simplified financial documentation, will help them seize business opportunities and achieve high business efficiency. The advantage of a fast online guarantee issuance process within 1 hour : To quickly remove obstacles for businesses participating in bidding, special financial solutions will create leverage and increase the competitive advantage for small businesses in the "big game" with many opportunities. For example, Techcombank 's new public procurement project bid guarantee solution, specifically for small businesses in the project sector, offers a high limit of up to 50 billion VND. Accordingly, the bank will issue guarantees with super-fast appraisal and approval times, and transaction execution time of only 1 hour on the Techcombank Business platform. More importantly, Techcombank does not require collateral for its bid guarantees, while the remaining guarantee groups have low collateral ratios ranging from 0-50%. These key factors will create the best conditions for businesses when participating in bidding.

Bảo lãnh siêu tốc cho doanh nghiệp đấu thầu dự án mua sắm công- Ảnh 2.

"With the desire to support small businesses in general and businesses participating in bidding for public investment packages in particular, Techcombank always strives to design competitive solutions in the market, meeting the specific financial needs of each customer group. We are committed to promoting the digitalization of the guarantee application process, shortening the approval and issuance procedures. The online guarantee solution helps businesses optimize resources and costs in business, increase the chances of winning bids, thereby strengthening their competitive position when signing contracts," shared Ms. Nguyen Van Linh - Deputy Director of Retail Banking at Techcombank. For detailed information, please visit: https://techcombank.com/thong-tin/thong-bao/techcombank-ra-mat-giai-phap-bao-lanh-cho-doanh-nghiep-dau-thau-du-an-mua-sam-cong For any questions, please contact 1800 6556 or hotrodoanhnghiep@techcombank.com.vn. Source: https://thanhnien.vn/bao-lanh-sieu-toc-cho-doanh-nghiep-dau-thau-du-an-mua-sam-cong-185240913141451937.htm

Fast-track guarantee for businesses bidding on public procurement projects.

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