Car license plate auction remains unchanged despite new regulations from September 1

Specifically, according to Decree 47/2023, the online auction information page must be public, transparent, and have no restrictions on access to information. The time on the online auction information page must be real time and standard time in online auctions, operate stably, continuously, and must reach level 3 according to the law on ensuring information system security by level.

At the same time, the online auction information site must meet the requirements for connection, integration and data sharing through the national data integration and sharing platform, technical infrastructure requirements, and information technology standards.

The online auction information page has the following minimum business functions: Allow individuals and organizations to register an account to participate in the auction. Each individual and organization can register only 1 account to participate in the auction and make a bid. Ensure the safety and confidentiality of information of auction participants, access accounts, bidding participation, and paid prices with a unique identification code.

Publicly and honestly display the bids of auction participants. Record information and retrieve transaction history, bids paid at auctions, bid withdrawals and other necessary information during the auction process on the online auction information page.

In addition, this site must also ensure that bidders cannot submit registration documents to participate in the auction after the deadline for submitting documents, or make bids after the auction ends.

Recently, Vietnam Joint Stock Auction Company announced the first auction of car license plates on August 22, but it could not be carried out. The right to participate in the auction of all customers who have submitted application fees and deposits is reserved according to regulations.

The 11 car license plates that have been announced will be auctioned before September 16, 2023. For all remaining car license plates that customers have registered, the auction will be held starting from September 16 onwards.

According to the provisions of Decree 47/2023 on transitional provisions, in case the property auction organization has submitted a valid project to implement the online auction form in accordance with the provisions of Decree No. 62/2017 dated May 16, 2017 of the Government detailing a number of articles and measures to implement the Law on Property Auction before the effective date of Decree 47/2023, the Department of Justice of the province or centrally run city shall continue to assess the conditions and approve the eligibility to implement the online auction form in accordance with the provisions of Decree No. 62/2017.