What are requirements to become auctioneers in Vietnam?
What are requirements to become auctioneers in Vietnam? I am planning to become an auctioneer to work at a company near my home, so what conditions do I need to meet to become an auctioneer? Thankyou.
1. What are requirements to become auctioneers in Vietnam?
In Article 10 of the Law on Property Auction 2016, criteria for auctioneers is as follows:
An auctioneer must fully satisfy the following criteria:
1. Being a Vietnamese citizen permanently residing in Vietnam, abiding by the Constitution and law, and possessing good ethical quality;
2. Possessing a university or postgraduate degree in law, economics, accounting, finance or banking;
3. Having graduated from an auction training course prescribed in Article 11 of this Law, except where he/she is exempted from such a course under Article 12 of this Law;
4. Having passed the examination of auction practice internship results.
Thus, to be able to become an auctioneer, you need to meet all 04 conditions specified in Article 10 of the Law on Property Auction 2016 to become an auctioneer in Vietnam.
2. How long does auction training take in Vietnam? Who will be exempted from auction training in Vietnam?
In Clause 2, Article 11 of the Law on Property Auction 2016, there are provisions on auction training as follows:
2. The duration of an auction training course is 6 months. A person who completes such a course shall be granted an auction training certificate by the auction training institution.
Article 12 of the Law on Property Auction 2016 stipulates that persons exempt from auction training are as follows:
1. Lawyers, public notaries, bailiff, property management officers or arbiters who have practiced their profession for at least 2 years.
2. Judges, procurators or executors.
Thus, according to the current law, duration of an auction training course is 6 months. And the persons specified above will be exempt from auction training in Vietnam.
Best Regards!
