Circular No. 14/2018/TT-BTP Issuing the Code of Ethics for Auctioneers

Circular No. 14/2018/TT-BTP issues the Code of Ethics for Auctioneers to guide auctioneers in complying with legal regulations, ensuring objectivity and fairness in asset auctions. This document applies to all auctioneers and related organizations.

文号14/2018/TT-BTP
文件类型Circular
发布机关Ministry of Justice
签署人Trần Tiến Dũng — Thứ trưởng
更新18/06/2026
行业Justice
领域Property Auction
发布日期16/10/2018
生效日期12/12/2018
失效日期
状态In effect
✦ 智能摘要

Circular No. 14/2018/TT-BTP issues the Code of Ethics for Auctioneers to guide auctioneers in complying with legal regulations, ensuring objectivity and fairness in asset auctions. This document applies to all auctioneers and related organizations.

适用范围

Auctioneer; social-professional organization of auctioneers; asset auction organization; organization owned 100% by the State capital established by the Government to handle bad debts of credit institutions.

要点

  • Auctioneers must adhere to the code of ethics when conducting auction activities (Article 3).
  • Auctioneers shall not benefit from the auction of assets, except with the consent of the transaction party and the auction organization (Article 4).
  • Auctioneers must protect confidential information related to auction activities (Article 5).
  • Auctioneers shall not participate in activities that may create conflicts of interest with their work (Article 6).
  • Auctioneers must comply with regulations on reporting and archiving records related to auction activities (Article 7).

🌐 本文件的社会影响

  • Enhance transparency and fairness in asset auction activities.
  • Minimize ethical risks and conflicts of interest for all parties involved.
  • The affected entities are organizations and individuals participating in auction activities.

❓ 常见问题

When does the Code of Ethics for Auctioneers take effect?

This Circular takes effect from December 12, 2018 (Article 2).

Which entities must comply with the Code of Ethics for Auctioneers?

Auctioneers; social-professional organization of auctioneers; asset auction organization; organization owned 100% by the State capital established by the Government to handle bad debts of credit institutions.

Can auctioneers benefit from the auction process?

No, except with the consent of the transaction party and the auction organization (Article 4).

全文

MINISTRY OF JUSTICE

SOCIALIST REPUBLIC OF VIET NAM
Independence – Freedom – Happiness

Number: 14/2018/TT-BTP
Hanoi, October 16, 2018

CIRCULAR

Issuing Rules of Professional Ethics for Auctioneers

_______________________

 

Pursuant to the Law on Auctioning Assets No. 01/2016/QH14 dated November 17, 2016;

Pursuant to Decree No. 96/2017/NĐ-CP dated August 16, 2017, issued by the Government on the functions, tasks, powers, and organizational structure of the Ministry of Justice;

At the proposal of the Director of the Department of Judicial Support;

The Minister of Justice issues this Circular on the issuance of Rules of Professional Ethics for Auctioneers.

Article 1. Scope of Regulation

This Circular includes the Rules of Professional Ethics for Auctioneers.

Article 2. Effective Date

This Circular takes effect from December 12, 2018.

Article 3. Responsibility for Implementation and Organization of Execution

The Heads of the Office, the Director of the Department of Legal Assistance, the Heads of units under the Ministry, the Directors of Provincial Departments of Justice, the organizations of auctioneers, auction organizations, organizations wholly owned by the State with charter capital established by the Government to handle non-performing loans of credit institutions, auctioneers, and related organizations shall be responsible for implementing this Circular.

Place of Receipt:

- Prime Minister (for reporting);

- Deputy Prime Minister Tran Hong Ha (for reporting);

- Committee for Legal Affairs of the National Assembly;

- Committee for Judicial Affairs of the National Assembly;

- Supreme People's Court;

- Supreme People's Procuracy;

- Government Office;

- Ministries, ministerial-level agencies;

- People's Committees of provinces and centrally governed cities;

- Departments of Justice of provinces and centrally-administered cities;

- Ministry of Justice: Minister, Deputy Ministers, units under the Ministry;

- Official Gazette; Government website;

- National Legal Portal;

- To be filed: VT, BTTP.

        CERTIFIED BY THE MINISTER

       DEPUTY MINISTER  

   (Signed)

 

        Tran Tien Dung

 

 

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