What is e-commerce? What are bóng đá hôm nay trực tiếp procedures for setting up online auction via website in Vietnam?

Hello, Lawnet would like to answer as follows:

1. What is e-commerce?

Currently, bóng đá hôm nay trực tiếp law does not have specific regulations on bóng đá hôm nay trực tiếp definition of e-commerce, however, according to Clause 1, Article 3 ofDecree No. 52/2013/ND-CP, e-commerce activity means conducting part or bóng đá hôm nay trực tiếp whole of bóng đá hôm nay trực tiếp process of commercial activity by electronic means connected to bóng đá hôm nay trực tiếp Internet, mobile telecommunications network or other open networks.

Thus, it can be understood that e-commerce is a form of using electronic media connected to bóng đá hôm nay trực tiếp internet, mobile telecommunications networks, or other open networks to carry out online e-commerce activities such as online trading of goods, online transaction payments,...

2. What are bóng đá hôm nay trực tiếp procedures for setting up online auction via website in Vietnam?

What is an online auction website?

According to bóng đá hôm nay trực tiếp provisions of Clause 11, Article 3 ofDecree No. 52/2013/ND-CP, an online auction website is an e-commerce website providing solutions allowing traders, organizations and individual that are not bóng đá hôm nay trực tiếp website owner to auction their goods on that website.

Thus, bóng đá hôm nay trực tiếp seller on bóng đá hôm nay trực tiếp online auction website will put bóng đá hôm nay trực tiếp product that they want to auction on bóng đá hôm nay trực tiếp website, and bóng đá hôm nay trực tiếp buyer will access it to bid for that product.

What are bóng đá hôm nay trực tiếp procedures for setting up online auction via website in Vietnam?

According to bóng đá hôm nay trực tiếp provisions of Articles 47, 48, 49, 50 and Article 51 ofDecree No. 52/2013/ND-CP, bóng đá hôm nay trực tiếp procedures for setting up an online auction website in Vietnam are as follows:

Responsibilities of sellers on online auction websites

- To publicly, adequately and accurately notify and post necessary information relating to auctioned goods.

- To announce reserve prices; asking price, if any.

- To take responsibility for bóng đá hôm nay trực tiếp quality and specifications of auctioned goods.

- To settle purchasers’ complaints about auctioned goods.

- Not to sell goods which are pledged or mortgaged items or subject to a dispute.

- To perform other responsibilities prescribed in Article 37 ofDecree No. 52/2013/ND-CP.

Auction venues and time

- Auction venues are registered places of permanent residence or offices of sellers.

- Auction time is decided by sellers.

- Time of making a bid by an auction bidder is bóng đá hôm nay trực tiếp time of sending an e-document notifying a certain bid made in an auction.

- Time of recording a made bid is bóng đá hôm nay trực tiếp time when bóng đá hôm nay trực tiếp information system of bóng đá hôm nay trực tiếp trader or organization providing online auction service receives an e-document notifying a bid made by an auction bidder.

Notification of goods auction

A notification of goods auction must be made on an online auction website and contain bóng đá hôm nay trực tiếp following details:

- Starting time of auction.

- Ending time of auction.

- Contact information of bóng đá hôm nay trực tiếp seller.

- Necessary information about bóng đá hôm nay trực tiếp goods.

- Reserve price.

- Asking sale price, if any.

- Payment deadline and method.

- Deadline and method of delivery of goods to bóng đá hôm nay trực tiếp purchaser after bóng đá hôm nay trực tiếp auction ends.

- In case bóng đá hôm nay trực tiếp auctioned goods are subject to ownership registration as prescribed by law, bóng đá hôm nay trực tiếp notification of goods auction must contain bóng đá hôm nay trực tiếp following additional details:

+ Time and place for goods display;

+ Time and place for reference to goods documents;

+ Time and place for goods purchase registration;

+ Time and method of carrying out procedures for goods ownership transfer.

Identification of goods purchasers

- For an ascending-bid auction, bóng đá hôm nay trực tiếp goods purchaser is bóng đá hôm nay trực tiếp first bidder who has bóng đá hôm nay trực tiếp last bid higher than that of bóng đá hôm nay trực tiếp previous bidder and higher than bóng đá hôm nay trực tiếp asking price and recorded by bóng đá hôm nay trực tiếp information system of bóng đá hôm nay trực tiếp trade or organization providing online auction services before bóng đá hôm nay trực tiếp end of bóng đá hôm nay trực tiếp auction.

- For a descending price auction, bóng đá hôm nay trực tiếp goods purchaser is bóng đá hôm nay trực tiếp first bidder who accepts bóng đá hôm nay trực tiếp reserve price or a price lower than bóng đá hôm nay trực tiếp reserve price and that is recorded by bóng đá hôm nay trực tiếp information system of bóng đá hôm nay trực tiếp trader or organization providing online auction services before bóng đá hôm nay trực tiếp end of bóng đá hôm nay trực tiếp auction.

Note:Where many bidders simultaneously make their last bids in an ascending price auction or their first bids in a descending price auction, bóng đá hôm nay trực tiếp seller shall organize for these bidders to draw bóng đá hôm nay trực tiếp purchaser.

Notification of auction results

- Traders and organizations providing online auction services shall make notifications of goods auction results immediately after bóng đá hôm nay trực tiếp end of auctions, even when auctions are unsuccessful.

- A notification must clearly provide information on bóng đá hôm nay trực tiếp goods, bóng đá hôm nay trực tiếp last bid and bóng đá hôm nay trực tiếp time when bóng đá hôm nay trực tiếp system receives bóng đá hôm nay trực tiếp last bid, and contact information of bóng đá hôm nay trực tiếp purchaser.

- For goods which are subject to ownership registration as prescribed by law, notifications of auction results serve as bóng đá hôm nay trực tiếp basis for establishing contracts on sale and purchase of auctioned assets and carrying out relevant procedures for transfer of ownership over these goods.

- Notifications of auction results will be sent to electronic addresses of goods sellers and purchasers registered with traders or organizations providing online auction services.

- Where many bidders simultaneously make their last bids in an ascending price auction or their first bids in a descending-bid auction, bóng đá hôm nay trực tiếp system must send notifications to all these bidders and request them to organize a draw to bóng đá hôm nay trực tiếp purchaser. bóng đá hôm nay trực tiếp form of decide drawing is decided by bóng đá hôm nay trực tiếp seller.

Thus, to auction goods via website, bóng đá hôm nay trực tiếp seller must provide full information related to bóng đá hôm nay trực tiếp auctioned goods, auction location and time information, notice of auction start and end time, auction form and notification of auction results. Where many bidders simultaneously make their last bids in an ascending price auction or their first bids in a descending price auction, bóng đá hôm nay trực tiếp seller shall organize for these bidders to draw bóng đá hôm nay trực tiếp purchaser.

Hua Le Huy

Key word: auction | online auction via website | online auction | in Vietnam | e-commerce |

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