What are the regulations on the remuneration for automobile license plate auction services in Vietnam from July 1, 2023? What are the contents of the rules of automobile license plate auction in Vietnam?
What are the regulations on the remuneration for automobile license plate auction services in Vietnam from July 1, 2023?
According to the provisions of Clause 2, Article 7 of Decree No. 39/2023/ND-CP stipulating the remuneration for auction services, the auction costs to be paid to the auction organization as follows:
Auction service contract, auction service remuneration, auction expenses paid to the auction organization
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2. Remuneration for auction services, auction expenses to be paid to the auction organization
a) For each automobile license plate at auction, the auction service fee paid to the property auction organization is equal to 8% of the starting price, exclusive of value-added tax and auction costs;
b) The auction fee paid to the property auction organization is VND 10,000 per automobile number plate put up for auction.
According to the above regulations, the remuneration for auction services and auction costs paid to the automobile license plate auction organization is specified as follows:
- For each automobile license plate at auction, the auction service fee paid to the property auction organization is equal to 8% of the starting price.
The above remuneration does not include value added tax and auction costs.
- The auction fee paid to the property auction organization is 10,000 VND per automobile number plate put up for auction.
What are the regulations on the remuneration for automobile license plate auction services in Vietnam from July 1, 2023? What are the contents of the rules of automobile license plate auction in Vietnam? (Image from the Interrt)
What are the contents of the rules of automobile license plate auction in Vietnam?
Rules of auction of automobile license plates are specified in Article 8 of Decree No. 39/2023/ND-CP.
Auction Rules
Based on the contents agreed upon by the Ministry of Public Security, the property auction organization shall issue the Auction Regulation, including the following contents: List of license plates of automobiles put up for auction, auction time for each automobile license plate, the account for paying the deposit to participate in the auction and other contents as prescribed in Article 34 of the Law on Property Auction.
Thus, the auction rules include the following contents:
- List of license plates of automobiles put up for auction
- Auction time for each automobile license plate
- Account to pay deposit to participate in auction
- Other contents as prescribed in Article 34 of the 2016 Law on Property Auction of Vietnam.
According to that, Article 34 of the 2016 Law on Property Auction of Vietnam includes the following contents of auction rules:
- A property auction organization shall issue rules to be applicable to each auction before the date of public display of information on property auction.
- Rules of an auction must have the following principal contents:
+ Name of property or list of property items, quantity and quality of the auctioned property; place where the auctioned property is located; and documents of title proving the ownership or use right over the auctioned property;
+ Time and venue for checking the auctioned property;
+ Time and venue for selling auction dossiers;
+ Reserve price of the auctioned property, in case such price is publicized;
+ Money amount paid for buying auction dossiers, and advance payment;
+ Time, venue, conditions and method of registration for participation in auction;
+ Time and venue for holding the auction;
+ Form and method of auction;
+ Cases of deprivation of the right to participate in auction, and cases ineligible for refund of advance payment.
- A property auction organization shall publicize the rules of an auction.
What are the steps in conducting an auction of automobile license plates in Vietnam?
In Article 11 of Decree No. 39/2023/ND-CP stipulating the steps to conduct the auction of automobile license plates in Vietnam:
- Register to participate in the auction
+ The registration to participate in the auction is done entirely in the network environment at the online auction information page of the property auction organization.
+ Auction participants are provided with an access account, are guided on how to use the account, how to bid and other content on the Online Auction Information Page to conduct the auction.
+ Auction participants can choose automobile license plates according to their needs in the list of automobile number plates put up for auction of all provinces and centrally-run cities nationwide to participate in the auction.
+ Auction participants pay the application fee, the deposit of the license plate of the automobile selected to participate in the auction to the account of the property auction organization and be granted an auction participation code of that license plate auction.
+ The property auction organization is responsible for receiving information on registration to participate in the auction and the deposit continuously from the date of listing the property auction until 03 days before the time of organizing the auction.
- Auction participants access the Online Auction Information Page with their login account and carry out auction procedures according to the auction rules.
- At the end of the online auction, the online auction information page identifies the auction winner, announces the auction results, displays the auction minutes for the auction winner to confirm, and sends to Email address of auction participants registered with the property auction organization.
- The auctioneer is responsible for organizing the online auction, authenticating the auction minutes with a digital signature to send to the auction winner.
- The Ministry of Public Security shall assign officers to monitor and supervise the auction organization process: number of auctioneers, number of auction participants, auction results and other related issues.
- Auction orders and procedures that are not specified in this Decree shall comply with the provisions of the 2016 Law on Property Auction of Vietnam.
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