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The Government has issued Decree 47/2023/ND-CPJuly 3, 2023 amending Decree 62/2017/ND-CP guiding the Law on Property Auction, in there is an amendment to the regulations on the order of organizing auctions in the form of online auctions.

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An asset auction organization, an asset auction council, an organization in which the State owns 100% of charter capital, established by the Government to deal with bad debts of a credit institution, organizes the auction in the form of an auction. online pricing through renting, using the Online Auction Information Site.Accordingly, at Decree 47/2023/ND-CP, The order of organizing the auction in the form of online auction is revised as follows:

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Photo 1.Correction of regulations on the order of organizing auctions in the online form_Hotline: 0972118764

(1) The asset auction organization, the asset auction council, the organization in which the State owns 100% of the charter capital, established by the Government to deal with bad debts of the credit institution shall publish the Auction Regulations. , Publicly announce the auction;

(2) Auction participants view auctioned assets online or view assets in person according to the Auction Regulations; Register to participate in the auction on the Online Auction Information Page.

(3) Auction participants who submit an application to participate in the auction and have a valid deposit will be able to use their access account to participate in the auction according to the Regulations.

(4) The asset auction organization shall assign an auctioneer, the asset auction council, and an organization in which the State owns 100% of the charter capital, established by the Government to deal with bad debts of the credit institution that assigns members. administer the auction on the Online Auction Information Site.

(5) At the end of the auction, the auction winner is announced on the online auction network right after the auction ends.

Decree 47/2023/ND-CP takes effect from September 1, 2023.

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