What is duration of auction practice internship in Vietnam? What does application for an auction practice certificate in Vietnam comprise?

1. What is duration of auction practice internship in Vietnam?

Pursuant to Article 13 of the 2016 Property Auction Law, there are provisions on auction practice internship as follows:

1. Persons possessing an auction training certificate and persons exempt from auction training may be admitted as interns in property auction organizations.

2. The duration of auction practice internship is 6 months and shall be counted from the date a property auction organization notifies the list of its auction practice interns to the provincial-level Justice Department of the locality where it is located.

3. A property auction organization shall assign auctioneers to instruct auction practice interns. Instructing auctioneers shall guide, supervise, and take responsibility for, jobs performed by interns.

Auction practice interns may receive practice skills instructions and perform jobs related to property auction as assigned by their instructing auctioneers and take responsibility before their instructing auctioneers for such jobs. Auction practice interns may not conduct an auction.

4. Persons who have completed their internship duration prescribed in Clause 2 of this Article may take the examination of auction practice internship results.

The examination of auction practice internship results covers auction practice skills, the law on property auction and relevant laws, and professional code of ethics of auctioneers.

5. The examination of auction practice internship results shall be held by the Auction Practice Internship Result Examination Council formed by the Ministry of Justice. The Council is composed of a representative of the Ministry of Justice as its chairperson, and representatives of related agencies and organizations and a number of auctioneers as its members.

Thus, according to the above provisions, duration of auction practice internship is 6 months from the date a property auction organization notifies the list of its auction practice interns in Vietnam.

2. What does application for an auction practice certificate in Vietnam comprise?

Pursuant to Clause 1, Article 14 of the 2016 Law on Property Auction, a person who fully satisfies the criteria prescribed in Article 10 of this Law shall send a dossier of application for an auction practice certificate to the Ministry of Justice and pay a charge prescribed by law. Such a dossier must comprise:

a/ An application for an auction practice certificate;

b/ A certified copy or a copy enclosed with the original of the applicant’s university or postgraduate degree in law, economics, accounting, finance or banking;

c/ A certified copy or a copy enclosed with the original of the applicant’s auction training certificate;

d/ A written certification that the applicant has passed the auction practice internship result examination;

dd/ A judicial record card;

e/ A color photo sized 3 cm x 4 cm.

According to this Article, an application for an auction practice certificate in Vietnam includes the following components.

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