What is the fee of a set of documents for participants in property auctions in Vietnam?

18:11, 11/07/2024

On May 15, 2017, the Ministry of Finance of Vietnam promulgated Circular 48/2017/TT-BTC replacing Circular 335/2016/TT-BTC, which stipulates financial policies in asset auction activities.

According to the new regulations, the price for purchasing auction participation documents is specified in correspondence with the starting price of the auctioned asset in Vietnam. To be specific:

No.	Starting Price of the Asset	Maximum Fee (VND/document)
1	20 million VND or less	50,000
2	Over 20 million VND up to 50 million VND	100,000
3	Over 50 million VND up to 100 million VND	150,000
4	Over 100 million VND up to 500 million VND	200,000
5	Over 500 million VND	500,000

Note: In the event that the auction is not held, organizations or individuals participating in the asset auction are entitled to a refund of the document fee paid within 2 working days from the planned date of the auction. No refund will be provided to organizations or individuals who violate auction regulations within the auction period.

For more information on expense settlement regulations, refer to Circular 48/2017/TT-BTC, effective from July 1, 2017.

- Thanh Lam -

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