According to the Decree, an auction of license plates for motor vehicles will be performed via the following steps:
- Auction registration:
+ Registration for a license plate auction is made on the online auction website of the property auction organization;
+ Each participant is provided with an account and guidelines on how to use such an account, how to bid, and other content on the online auction website to conduct the auction;
+ Each participant selects a license plate from the list of license plates put up for auction.
+ Participants make payments of application fees and deposits of their selected license plates to the account of the property auction organization. Afterward, the property auction organization issues auction participation codes to participants.
+ The property auction organization shall receive registration information and deposits continuously after it lists the property auction until a date that is 3 days before the auction organization.
- Participants access the online auction website via their provided accounts and perform auction procedures according to auction regulations.
- The online auction website identifies the auction winner at the end of the online auction, notifies the results of the auction, displays the auction minute for the winner to confirm, and sends the information to the registered emails of participants.
- Auctioneers shall organize the online auction and digitally sign the auction minute and send it to the auction winner.
- The Ministry of Public Security of Vietnam shall assign officials to monitor and supervise the auction regarding the number of auctioneers, participants, results, and related issues.
Attention: The Law on Property Auction 2016 shall apply to auction procedures that are not regulated in Decree No. 39/2023/ND-CP .
Deadline for winning bid payment
Within 15 days after the receipt of notifications of auction results, the auction winner shall fully pay the winning bid (after the deduction of deposit) to the collection account of the Ministry of Public Security of Vietnam.
Attention: The winning bid does not include vehicle registration fees.
See more details in Decree No. 39/2023/ND-CP of the Government of Vietnam, effective as of July 1, 2023.
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