**Tapping into the Peak Season Bidding Market**
The bidding market heats up towards the end of the year, presenting a flurry of opportunities for businesses, especially in public procurement projects. As highlighted by experts, common challenges for businesses include a tight timeline for bid preparation, demanding contract requirements, and stringent criteria for contractor capabilities and experience. These challenges are prevalent in industries with frequent bidding processes, such as pharmaceutical and medical equipment trading, construction, and technical equipment supply.
Mr. Nguyen Kha, director of a medical equipment supply company, shared his insights: “The bidding market for public procurement projects is always open for exploration. However, beyond just having the capabilities, success in bidding also requires substantial financial resources. One needs to be able to provide bid bonds or issue guarantees to demonstrate financial strength. If you don’t succeed with one package, there are other packages to minimize the risk of losing the bid.”
Meeting the bidding needs of businesses, especially small and medium-sized enterprises (SMEs), in a swift and straightforward manner is crucial. SMEs often have limited collateral and seek simplified financial procedures, and doing so will enable them to seize business opportunities and enhance their business performance.
**Unleashing Competitive Advantages with Fast Online Guarantee Issuance**
To address the challenges faced by businesses in participating in bidding processes, innovative financial solutions can serve as a powerful lever to enhance their competitive edge in this highly competitive arena.
A notable example is the newly introduced bid guarantee solution for public procurement projects by Techcombank, specifically tailored for small businesses in the project specialization field, with a high limit of up to VND 50 billion. The bank offers an ultra-fast approval and issuance process, completing the transaction within just one hour through the Techcombank Business platform. Moreover, for bid guarantees, Techcombank does not require collateral, and for other types of guarantees, the collateral ratio is kept low, ranging from 0% to 50%. These critical factors will position businesses optimally for successful bidding endeavors.
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“In our commitment to accompany small businesses, especially those engaging in bidding for public investment packages, Techcombank strives to craft competitive market solutions that cater to the unique financial needs of diverse customer segments,” shared Ms. Nguyen Van Linh, Deputy Director of Techcombank’s Retail Block. “We are focused on digitizing the guarantee application journey, streamlining approval processes, and providing online guarantee solutions to help businesses optimize their resources and costs while enhancing their chances of winning bids and strengthening their negotiating position for contracts.”
For more 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](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 inquiries, please contact 1800 6556 or email [email protected].
The Successful Trung Nguyen E-Coffee Franchise Model Launches an Upgraded Version
On September 14, Trung Nguyen E-Coffee, a leading coffee franchise model, inspired a successful startup with the launch of its 2024 version. The event witnessed the signing of over 200 contracts, marking a significant milestone for the brand.
“Unleashing Investment and Business Opportunities with the $3,000 Billion Economy.”
India has established itself as a trusted partner for many countries worldwide, seeking to set up a global supply chain. Vietnam, in particular, has consistently maintained a strong relationship with the Indian government and businesses alike.
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## SMEs Can Now Mortgage Loans of Up to 20 Billion VND Online
Small and medium-sized enterprises (SMEs) are buzzing about VPBank’s new policy, introduced in July. The bank now offers loans with a limit of up to 100% of the value of the secured asset, and the entire loan application and disbursement process can be completed online. This is a game-changer for businesses, offering a streamlined and efficient way to access much-needed capital. With this innovative approach, VPBank is supporting SMEs in a whole new way, and we can’t wait to see the positive impact it has on their growth and success.
Redirecting Remittances to Projects with Clear Benefits
“Ho Chi Minh City can establish a remittance portal to provide overseas Vietnamese with a transparent and accurate information channel. This portal will encourage these funds to be invested in socially and economically beneficial projects. By doing so, the city can ensure that remittances have a positive impact on the local community and broader economy.”
The Kingdom of Thailand: Unveiling Investment Opportunities for Businesses
Twenty-five Thai businesses, predominantly in the fields of mechanical engineering, energy, plastics, and consumer goods, are venturing into Vietnam to explore investment and business opportunities.
