Circular No. 07/2015/TT-NHNN
  • Vietnam: 14 rights of the guarantor
  • Vietnam: 14 rights of the guarantor
  • 09:48, 29/06/2015
  • According to Vietnam’s regulations, bank guarantee refers to a type of credit whereby the guarantor undertakes to act on behalf of the obligor to fulfill their financial obligations to the obligee in the event the obligor fails to fulfill or insufficiently fulfill their agreed-upon obligations to the obligee; the obligor must take on their debt obligations and repay the guarantor.
  • Vietnam: Contents must be included in the guarantee commitment
  • Vietnam: Contents must be included in the guarantee commitment
  • 09:25, 29/06/2015
  • According to Vietnam’s regulations, bank guarantee refers to a type of credit whereby the guarantor undertakes to act on behalf of the obligor to fulfill their financial obligations to the obligee in the event the obligor fails to fulfill or insufficiently fulfill their agreed-upon obligations to the obligee; the obligor must take on their debt obligations and repay the guarantor.
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