{"id":50,"date":"2016-03-23T01:20:03","date_gmt":"2016-03-23T01:20:03","guid":{"rendered":"http:\/\/sgic.com.vn\/en\/?page_id=50"},"modified":"2025-12-04T04:19:01","modified_gmt":"2025-12-04T04:19:01","slug":"products","status":"publish","type":"page","link":"https:\/\/sgic.com.vn\/en\/products-service\/products\/","title":{"rendered":"Products"},"content":{"rendered":"

Introduction<\/h3>\n
\n\t

SGI Hanoi Branch provides 7 types of guarantee service to both individuals and enterprises. Products are mainly classified as contract bonds, Fidelity guarantee Insurance and personal loan guarantee Insurance.<\/p>\n

SGI Hanoi Branch\u2019s main contract bonds are providing guarantees to individuals and enterprises that need credit support or improved financial security in order to guarantee the performance of contract. SGI Hanoi Branch provides Fidelity Guarantee Insurance which relates to losses incurred by the Employer as a result of Employee's illeagal acts. SGI Hanoi Branch also provides\u00a0 Personal Loan Guarantee Insurance with Vietnamese leading banks and this product covers the Principal`s fulfillment of loan repayment obligations.<\/p>\n

SGI Hanoi Branch currently provides limited guarantee products, however, we are enlarging the scope of guarantee service with SGI\u2019s long experience and professional knowledge accumulated in the Korean guarantee industry. On the back of client satisfaction, SGI Hanoi Branch will continue to provide support with wide-ranging products and services tailored to the needs of clients.<\/p>\n<\/div>\n<\/div><\/div>

Contract Bonds<\/h3>\n
\n\t

Contract Bonds are commonly required facilities for\u00a0contracts and agreements. SGI Hanoi Branch provides guarantees to individuals or enterprises that\u00a0need credit support or a better security to enter into a contract. Contract bonds consist of the followings ;<\/p>\n

\u00bb Key facts of Bond contract<\/a><\/span><\/span><\/em><\/strong>
\n\u00bb Bond application form<\/a><\/span><\/span><\/em><\/strong>
\n <\/p>\n

Bid Bond<\/h4>\n

Bid Bond covers the loss that is incurred when a\u00a0successful bidder does not enter into the contract, or if there are reasons for the bidder to withdraw the bid during the period of bid validity specified in the bidding documents. The bond takes effect on the day before the bidding date, and the expiry date shall be more than 30 days after the bidding date. The bond amount shall be 5% or a certain percentage of the bid amount.<\/p>\n

Premium rate: Premium rate ranges from 0.037%~0.114% varied by contract type and Principal\u2019s credit grade.<\/p>\n

\u00bb Bid Bond Terms & Conditions<\/a><\/span><\/span><\/em><\/strong>
\n <\/p>\n

Performance Bond<\/h4>\n

Performance Bond protects the project owner from the loss that is incurred when a\u00a0contractor has not fully performed his duty specified in the contract. The bond period commences on the date of the contract and expires on the date performance is completed as prescribed in the written contract. The bond amount shall be 10% or a certain percentage of the underlying contract amount.<\/p>\n

Premium rate: Annual rate ranges from 0.553%~3.176% varied by contract type and Principal\u2019s credit grade.<\/p>\n

\u00bb Performance Bond Terms & Conditions <\/a><\/span><\/span><\/em><\/strong>
\n <\/p>\n

Advance Payment Bond<\/h4>\n

Advance Payment Bond covers the loss that is incurred in case the Principal fails to repay the advance payment or return the advanced materials when the Principal fails to perform the obligation(s) stipulated in the contract. The bond takes effect from the date of the Principal\u2019s receipt of the advance payment, and expires on the date the performance is completed. The bond amount shall be the advance payment amount that the Principal shall receive from the Beneficiary in advance.<\/p>\n

Premium rate: Annual rate ranges from 0.651%~2.080% varied by contract type and Principal\u2019s credit grade.<\/p>\n

\u00bb Advance payment bond Terms & Conditions <\/a><\/span><\/span><\/em><\/strong>
\n <\/p>\n

Maintenance Bond<\/h4>\n

Maintenance Bond guarantees\u00a0the contractor\u2019s maintenance obligation during a specified guarantee period. The bond period commences on the date that the inspection is completed after the completion of the work or supply, and expires on the expiry date of the maintenance period. The bond amount shall be 5~10% or a certain percentage of the underlying contract amount.<\/p>\n

Premium rate: Annual rate ranges from 0.200%~0.847% varied by contract type and Principal\u2019s credit grade.<\/p>\n

\u00bb Maintenance Bond Terms & Conditions <\/a><\/span><\/span><\/em><\/strong>
\n <\/p>\n

Counter guarantee bond<\/h4>\n

Counter Guarantee Bond (CGB) can be used as collateral for the issuance of bank guarantee, in case a contractor does not have any credit facility in such bank. CGB amount is equal to or more than that of bank guarantee since the former covers the guarantee amount plus expenses, fees and costs incurred. CGB period is equal to or longer than that of bank guarantees, taking into account an additional period needed for mailing. <\/p>\n

Premium rate: Annual rate ranges from 0.039%~2.542% varied by contract type and Principal\u2019s credit grade.<\/p>\n

\u00bb Bond application<\/a><\/span><\/span><\/em><\/strong>
\n\u00bb Counter Guarantee Bond Terms & Conditions <\/a><\/span><\/span><\/em><\/strong><\/p>\n<\/div>\n<\/div><\/div>

Personal Loan Guarantee Insurance<\/h3>\n
\n\t

Personal Loan Guarantee Insurance guarantees the Obligator\u2019s loan repayment obligations to the Beneficiary (Banks). In case the Obligator fails to repay the loan principal due to protracted default or event of acceleration, the Beneficiary is entitled to file the claim for the loss. The bond amount is the principal amount of Loan, and the bond period is the same as that of the loan period. This product is issued under the comprehensive agreement between SGI Hanoi Branch and banks, so all the conditions for bond issuance including but not limited to the Principal\u2019s qualification and the loan conditions are specified in the comprehensive agreement.<\/p>\n

Premium rate: Annual rate ranges from 1.277% ~ 2.959% varied Principal\u2019s credit grade.<\/p>\n

\u00bb Bond application<\/a><\/span><\/span><\/em><\/strong>
\n\u00bb Personal Loan Guarantee Insurance Terms & Conditions<\/a><\/span><\/span><\/em><\/strong><\/p>\n<\/div>\n<\/div><\/div>

Fidelity Guarantee Insurance<\/h3>\n
\n\t

The Fidelity Guarantee Insurance indemnifies the Employer (Beneficiary) solely for any direct and actual loss of property that the Employee (Obligor) is required to compensate the Employer for, provided that such loss results from acts committed by the Employee, limited to theft, robbery, fraud, and embezzlement.
\nInsured period stars from the bond issued date, or from the date specified in the Certificate issued by SGI Hanoi and receives the applicable premiums. The insurance period is 1 year (renewable annually). The insured amount is finally determined through an assessment by SGI Hanoi, based on the amount requested by the Principal.<\/p>\n

Premium rate: An Annual rate of 0.249% for financial institutions and 0.312% for others.<\/p>\n

\u00bb Bond application<\/a><\/span><\/span><\/em><\/strong>
\n\u00bb Fidelity Guarantee Insurance Terms & Conditions<\/a><\/span><\/span><\/em><\/strong><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

SGI Hanoi Branch provides 7 types of guarantee service to both individuals and enterprises. Products are mainly classified as contract bonds, Fidelity guarantee Insurance and personal loan guarantee Insurance. SGI Hanoi Branch\u2019s main contract bonds are providing guarantees to individuals and enterprises that need credit support or improved financial security in order to guarantee the […]<\/p>\n","protected":false},"author":1,"featured_media":119,"parent":20,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-50","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/pages\/50","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/comments?post=50"}],"version-history":[{"count":9,"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/pages\/50\/revisions"}],"predecessor-version":[{"id":732,"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/pages\/50\/revisions\/732"}],"up":[{"embeddable":true,"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/pages\/20"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/media\/119"}],"wp:attachment":[{"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/media?parent=50"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}