Are the costs of renting an online auction site included in the cost of auctioning the property?

Lawyer Nguyen Hoang Thinh, Hanoi Bar Association advises on this question as follows:

Pursuant to Clause 4, Article 43a of the Law on Property Auction 2016, supplemented by Clause 28, Article 1 of the Law on Property Auction 2024, amended, it is stipulated as follows:

Online auctions are conducted through the National Property Auction Portal or online auction information page;

The construction, management and operation of the National Asset Auction Portal and online auction information page are carried out in accordance with the provisions of the law on information and communication, the law on e-commerce and the law on asset auction;

The costs of construction, management, operation, maintenance and upgrading of the National Asset Auction Portal are used from the state budget and other sources according to the provisions of law.

Asset auction organizations, Asset Auction Councils, organizations in which the State owns 100% of the charter capital established by the State Bank of Vietnam to handle bad debts of credit institutions organize online auctions through the use of the National Asset Auction Portal or use their own online auction information page or rent or use the online auction information page of other asset auction organizations.

The cost of using the National Asset Auction Portal and the cost of renting an online auction information page to organize an auction in the form of online auction are included in the cost of asset auction as prescribed in Clause 2, Article 66 of this Law.

The Government details the requirements and conditions for the National Asset Auction Portal and the requirements, conditions, appraisal and approval of the online auction information page; responsibilities of agencies, organizations and individuals in the construction, management, operation and use of the National Asset Auction Portal and the online auction information page.

Accordingly, the cost of renting an online auction information site to organize an online auction is included in the cost of property auction.

Source: https://daibieunhandan.vn/chi-phi-thue-trang-thong-tin-dau-gia-truc-tuyen-co-duoc-duoc-tinh-vao-chi-phi-dau-gia-tai-san-khong-10395209.html