Who shall enter into auction service agreements for motor vehicle license plate in Vietnam? How much are the auction service commissions for motor vehicle license plate?
Who shall enter into auction service agreements for motor vehicle license plate in Vietnam?
Pursuant to Article 7 of Decree 39/2023/ND-CP stipulates:
Auction service agreements, auction service commissions, and auction cost paid to auction organizations
1. Auction service agreement for motor vehicle license plate
a) The Ministry of Public Security shall enter into auction service agreement for motor vehicle license plates with a property auction organization in order to auction vehicle license plates. Auction service agreement for motor vehicle license plates must be produced in writing and conform to civil laws and Article 33 of the Law on Property Auction of 2016;
b) Term of auction service agreements for motor vehicle license plates shall conform to Resolution No. 73/2022/QH15, except for cases where selected auction organizations terminate their operation voluntarily, fail to meet standards or conditions to conduct auctions of motor vehicle license plates, or have the auction service agreements terminated as per the law;
c) If auction service agreements are terminated before effective date of Resolution No. 73/2022/QH15, the Ministry of Public Security shall choose a different auction organization satisfying conditions under Clause 3 Article 2 of Resolution No. 73/2022/QH15 to proceed with the auction.
Thus, the Ministry of Public Security shall enter into auction service agreement for motor vehicle license plates with a property auction organization in order to auction vehicle license plates.
- Auction service agreement for motor vehicle license plates must be produced in writing and conform to civil laws and Article 33 of the Law on Property Auction of 2016;
At the same time, the term of auction service agreements for motor vehicle license plates shall conform to Resolution No. 73/2022/QH15, except for cases where selected auction organizations terminate their operation voluntarily, fail to meet standards or conditions to conduct auctions of motor vehicle license plates, or have the auction service agreements terminated as per the law;
In addition, If auction service agreements are terminated before effective date of Resolution No. 73/2022/QH15, the Ministry of Public Security shall choose a different auction organization satisfying conditions under Clause 3 Article 2 of Resolution No. 73/2022/QH15 to proceed with the auction
Who shall enter into auction service agreements for motor vehicle license plate in Vietnam? How much are the auction service commissions for motor vehicle license plate? (Internet image)
How much are the auction service commissions for motor vehicle license plate in Vietnam?
According to the provisions of Clause 2, Article 7, Decree 39/2023/ND-CP stipulates:
Auction service agreements, auction service commissions, and auction cost paid to auction organizations
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2. Auction service commissions and auction cost paid to auction organizations
a) For each license plate to be auctioned, auction service commissions paid to auction organizations shall equal 8% of starting bid and do not include VAT and auction costs;
b) Auction costs paid to auction organizations shall equal 10.000 VND for each license plate put up for auction.
Thus, for each license plate to be auctioned, auction service commissions paid to auction organizations shall equal 8% of starting bid and do not include VAT and auction costs;
And the auction costs paid to auction organizations shall equal 10.000 VND for each license plate put up for auction.
What are the regulations for auction of motor vehicle license plates in Vietnam?
Pursuant to Article 8 of Decree 39/2023/ND-CP stipulating that based on details specified by the Ministry of Public Security, auction organizations shall promulgate Auction rules containing:
List of motor vehicle license plates to be auctioned, auction time for each license plate, deposit account, and other details in accordance with Article 34 of the Law on Property Auction.
In addition, Article 9 of Decree 39/2023/ND-CP stipulates the public listing and announcement of auction including:
- The Ministry of Public Security shall transfer list of motor vehicle license plates to be auctioned to auction organizations while publicizing the list and auction plan on their website, website of Department of Traffic Police and the link to online auction site of auction organizations.
- Auction organizations shall publicize list of motor vehicle license plates to be auctioned on national information portal for property auction, online auction site of auction organizations and at their head office. Auction rules must be publicly listed and announced on online auction site and at head office of auction organizations.
- Auction rules and list of motor vehicle license plates to be auctioned must be publicly announced and listed for at least 30 days before the auction takes place.
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