I. RESULT OF SELECTION

1. Name and address of the selected asset auction organization: Bao Quang Minh Auction joint Stock Company

2. Total points of the selected asset auction organization: 79 points

3. The asset auction organization’s file is refused to be considered and evaluated with reasons for refusal: No.

II. SCORE RESULTS (including selected property auction organization)

Numerical order

Criteria

Maximum levels

Viet Nam Auction joint Stock Company

Bao Quang Minh Auction joint Stock Company

I

Necessary facilities and equipment for the auction and the type of auctioned asset

23

20

20

1

Facilities

11

11

11

2

Necessary equipment

8

8

8

3

Own an active website

2

0

0

4

Approved by the competent authority to be eligible for the online auction form

1

0

0

5

Own place to store auction records

1

1

1

II

Feasible and effective auction plan

22

22

22

1

The proposed auction plan must be organized in accordance with the law, ensuring publicity, transparency and objectivity.

4

4

4

2

The auction plan proposes a time and place to sell and receive auction participation file, a place to hold the auction, and a price announcement meeting for all the auction participants; the auction form, price step, number of auction rounds are feasible and highly effective

4

4

4

3

The auction plan proposes ways to secure information, prevent collusion and lowering prices

4

4

4

4

The auction plan proposes more locations, other forms of listing, and other public announcements to increase the dissemination of the auction

4

4

4

5

The auction plan proposes solutions to ensure safety, security and order for the the auction

3

3

3

6

The auction plan proposes solutions to situations arising in the course of the auction

3

3

3

III

Competence, experience and reputation of the asset auction organization

45

25

29

1

In the preceding year, an auction service contract of the same type of property as the property expected to be auctioned was conduct

6

2

3

2

In the preceding year, auctions of the same type of property as the property expected to be auctioned was conducted, existed an average difference between the winning bid price and the starting price

18

10

10

3

The operation time in the field of asset auction from the issuance of Establishment Decision or  from the time received operation registration certificate (Certificate of business registration for asset auction enterprises established before the effective date of the Law on Asset Auction)

5

5

5

4

Number of auctioneers of the asset auction organization

3

1

2

5

Practice experience of auctioneers of asset auction organizations

4

2

4

6

Pay corporate income tax or contribute to the State budget in the preceding year, except value-added tax

5

2

2

7

Staff have labor contract

3

3

3

8

Having a trainee work in an asset auction organization in the preceding year or the year in which the application for registration is submitted

1

0

0

IV

Appropriate remuneration for auction services and property auction costs

5

3

3

1

Equal to the remuneration for auction services as prescribed by the Ministry of Finance

3

3

3

2

Reduction of less than 20% of the maximum fee for auction services (not applicable to the remuneration based on percentage of the difference between the asset value according to the auction winning price and the starting price as prescribed by the Ministry of Finance)

4

0

0

3

Reduction of 20% or more of the maximum fee for auction services (Not applicable to the remuneration based on percentage the difference between the property value according to the auction winning price and the starting price as prescribed by the Ministry of Finance)

5

0

0

V

Other criteria suitable for auctioned assets decided by a department has authority in debt settlement

5

5

5

 

TOTAL

100

75

79

1

Being on the list of property auction organizations announced by the Ministry of Justice

Qualified

Qualified

Qualified

2

Not on the list of property auction organizations announced by the Ministry of Justice

 

 

 

BIDV

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