LOAN GUARANTEE LETTER

Form 01B/BL-VCCB
………,
date: …/…./20…..

No: ……../BL-VCCB….

LOAN GUARANTEE LETTER
To: ..............................................................................
……………………………………………………… Bank – Branch.............................
Address:...............................................................................................................................
Tel:............................................................Fax:...................................................................
Represented by:.....................................Job title:...............................................................
(Hereinafter reffered to as “VCCB”)
Affirm guarantee for:
Company:.......................................................................................................................
Certificate

of

business

registration

No:

……………issued

on……/………/

………….in.........................................................................................................................
Address:...............................................................................................................................

Tel:............................................................Fax:...................................................................
Represented by:.....................................Job title:...............................................................
(Hereinafter reffered to as “Borrower”/“The Guaranteed”)
To hereby affirm to guarantee and be reponsible for payment of principal,
interest and penalties (if any) of Borrower with Bank/Credit agency………………
under Credit Agreement No…………signed and dated ..../.../… between Borrower and
and Bank/Credit agency …………….
VCCB has agreed to issue this Letter of Guarantee and affirm that we are on behalf of
Borrower to be responsible to your company and undertake to pay you up to a total
amount of :..........................VND/USD1 (In words:……………………………………)
and we will pay for your company within the scope of this Guarantee upon your
company’s first documents to request VCCB to execute the Guarantee obligations with
the following conditions:
-

Any requests must show the Borrower’s default(s); and

-

Guarantee obligations remain in force; and

-

Attached evidence to prove that Borrower should not perform or complete the
repayment specified under the credit agreement mentioned above2.

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When the payment is made in USD, the bank's current exchange rate will be used.

Give correct information about VCCB sponsorship obligations as required in the sponsorship form

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Any requests in writing from your company must be attached with this Loan
Guarantee Letter (original), submitted and received by VCCB at …………………. on
working hours within the validity of this Guarantee Letter.
This Letter of Guarantee is valid within …days, from …/.../… to ….h…,…./…/...
After this period, this Guarantee Letter shall be null and void even though the origin of
this Guarantee Letter returns or not to VCCB.
This Loan Guarantee Letter is governed by the Laws of Vietnam. Any dispute(s) in
respect thereof shall be settled by competent tribunals.
This Loan Guarantee Letter is in one original version, untransferable and drawn-up in
Vietnamese, maybe in English (Vietnamese version shall be officially used for any
dispute(s) arising relating to this Loan Guarantee Letter).
Authorized signature of VCCB

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