Steps of each lot auction of motor vehicle license plate in Vietnam

Steps of each lot auction of motor vehicle license plate in Vietnam (Internet image)

Regarding this issue, LawNet would like to answer as follows:

On June 26, 2023, the Government issued Decree 39/2023/ND-CP detailing a number of articles of Resolution 73/2022/QH15 on piloting auction of license plates for cars.

1. Steps of each lot auction of motor vehicle license plate in Vietnam

Specifically, Article 11 of Decree 39/2023/ND-CP stipulates the steps to conduct an auction of car license plates as follows:

(1) Apply for participation in auction

- Application for participation in auction shall be done entirely on online auction website of auction organization;

- Auction participants shall be issued with login accounts and provided with instructions on how to use the account, how to bid, and other details on online auction website in order to bid;

- Auction participants are allowed to choose motor vehicle license plates among the list of motor vehicle license plates to be auctioned of all provinces and central-affiliated cities;

- Auction participants shall send payments for application and deposits for motor vehicle license plates that they have selected to account of auction organizations and shall be issued with code to participate in motor vehicle license plate auction;

- Auction organizations are responsible for receiving application for participation in auctions and deposits throughout the period from the date on which the auction is publicly listed to 3 day

(2) Auction participants shall access online auction website with their accounts and comply with auction procedures under auction rules.

(3) At the end of online lot auction, online auction website shall announce auction winners, declare lot auction results, disclose auction records to enable auction winners to verify, and send to email address of auction participants registered to auction organizations.

(4) Auctioneers are responsible for organizing online auctions, verifying auction records using digital signature and sending auction records to auction winners.

(5) The Ministry of Public Security shall assign officials to monitor, supervise the auction process: quantity of auctioneers, quantity of auction participants, auction results, and other relevant issues.

(6) Auction procedures not mentioned under this Decree shall conform to the Law on Property Auction.

2. Eligibility to participate in auction of motor vehicle license plate in Vietnam

Eligibility to participate in auction of motor vehicle license plate in Vietnam is specified in Article 10 of Decree 39/2023/ND-CP, specifically as follows:

- Organizations and individuals applying for participation in auction must be qualified as auction participants under Clause 1 Article 3 of Decree 39/2023/ND-CP and have submitted deposits to auction organizations in accordance with Clause 2 Article 3 of Resolution 73/2022/QH15.

- Organizations and individuals applying for participation in auction must be responsible for accuracy and truthfulness of information declared for the purpose of participating in the auction.

3. 02 cases of suspension of auction of motor vehicle license plate in Vietnam

According to Clause 1, Article 18 of Decree 39/2023/ND-CP, auction organizations are required to suspend auction sessions when:

(1) The Ministry of Public Security requires suspension of auction session in accordance with Point c, Point d Clause 1 Article of the Law on Property Auction;

(2) Force majeure occurs.

More details can be found in Decree 39/2023/ND-CP, effective as of July 1, 2023.

The content of the auction of motor vehicle license plate in Vietnam specified in Decree 39/2023/ND-CP will be implemented from July 1, 2023 to July 1, 2026.

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