Digital transformation is becoming an inevitable trend in administrative procedure reform and public procurement in Vietnam. The national online bidding system, implemented synchronously with the banking system, helps to make the bidding process, from posting tender information, issuing guarantees, submitting bids, evaluating documents to selecting contractors, increasingly transparent, automated, and with reduced paperwork.
In partnership with the Procurement Management Department ( Ministry of Finance ) - the operator of the e-GP system, VPBank continues to affirm its role as a pioneering bank in digital transformation by officially launching the Electronic Bid Guarantee service via e-GP, providing businesses with a comprehensive digital financial solution for online bidding activities.
Accordingly, businesses can easily create guarantee requests and receive electronic bid guarantee letters issued by VPBank directly on e-GP with quick processing times, instead of having to go directly to the bank as before.
A key feature of VPBank's Electronic Bid Guarantee service is its direct and seamless connection between the e-GP system and the VPBank NEOBiz digital banking platform. Bid information will be automatically filled into the Guarantee Request form and synchronized with the bank's system, minimizing manual data entry and reducing errors, thereby lowering the risk of losing the bid.
The solution implemented by VPBank is entirely digital, requiring no paper documents, helping businesses save on delivery and printing costs, and easily perform and update transaction information anytime, anywhere.
A representative from VPBank stated: “The direct connection between VPBank and the National Bidding Network System demonstrates VPBank's efforts in building seamless digital financial solutions that meet the practical needs of businesses. This solution allows businesses to receive Letters of Guarantee and submit bids quickly and completely online, thereby saving time and increasing their competitive advantage in all bidding processes.”
To issue a bid guarantee on eGP, customers only need to follow three simple steps: Create a guarantee issuance request on e-GP, select VPBank as the Guarantor; verify the transaction on VPBank NEOBiz; and receive the electronic guarantee letter directly on both e-GP and VPBank NEOBiz.
VPBank's electronic bid guarantee is designed in accordance with the latest regulations of the Bidding Law, ensuring the legality, security, and accuracy of transactions. The implementation of the electronic bid guarantee on e-GP is a strategic step for VPBank in building a digital banking ecosystem for businesses, and demonstrates its long-term commitment to supporting the Government in promoting digital transformation in public procurement and bidding, increasing management efficiency, and enhancing the competitiveness of businesses.
For more detailed information, please contact your nearest VPBank branch or hotline 1900 234 568.
Source: https://hanoimoi.vn/vpbank-trien-khai-bao-lanh-du-thau-dien-tu-บน-e-gp-730316.html
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