A property auction organization operating online auction website shall have the responsibilities specified in Article 16 of Decree No. 62/2017/ND-CP of Vietnam’s Government as follows:
The organization holding online auctions in Vietnam must meet necessary requirements, which must be assessed by the Service of Justice of province according to the following regulations:
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:
Online auction is a form of auction newly specified in Decree No. 62/2017/ND-CP of Vietnam’s Government. Procedures for conducting online auctions are prescribed as follows:
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;