Vietnam: Procedures for issuance of auctioneer cards

08:30, 31/07/2017

The auctioneer is entitled to conduct an actual auction only if he/she is issued with an auctioneer card. An auction practice certificate holder shall be granted an auctioneer card by the provincial-level Justice Department at the request of the property auction organization where he/she practices. Procedures for issuance of auctioneer cards are as follows:

1. Issuing organizations: Property auction organizations or the wholly state-owned organization established by the Government to settle non-performing loans of credit institutions.

2. Form of submission: Submit directly, by post, or in any form deemed appropriate to the Service of Justice in the province where it is headquartered.

3. An application includes: 01 set

- An application form for issuance of auctioneer cards;

- Certified true copies or copies of auction licenses enclosed with original copies;

- 1 color photo size 2cm x 3cm (taken not longer than 6 months from the date of submission of photo).

4. Processing procedures: Within 5 working days from the date on which the satisfactory application is received, the Service of Justice shall issue auctioneer cards; if the application is rejected, it shall provide explanation in writing.

An auctioneer card shall maintain validity only when its holder practices in the organization for which the auctioneer card is applied. The auctioneer is entitled to conduct an actual auction only if he/she is issued with an auctioneer card. The auctioneer has to wear his/her auctioneer card when conducting an auction. The holder of an auctioneer card may not work as a notary or bailiff as a part-time job.

View more details at Decree No. 62/2017/ND-CP of Vietnam’s Government effective from July 01, 2017.

- Ngoc Duyen -

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