During the car license plate auction on January 13, 2024, many people were shocked when the license plate 30K-999.99 was auctioned off for 75.275 billion VND, an unbelievable price. And there’s more, the beautiful license plate 51K-999.99 will soon be put up for auction, and many people are wondering if there will be another spectacular bid.
Exactly one week after the auction of the license plate 30K-999.99, Vietnam Joint Stock Auction Company officially put the license plate 51K-999.99 up for online auction. And the result is also impressive, although it is far behind the winning bid of the license plate 30K-999.99.
Specifically, during the time from 10:15 AM to 10:45 AM, the license plate 51K-999.99 was bid up to 20.56 billion VND by a billionaire. This price is much higher than many hot SUVs on the market such as Bentley Bentayga V8, Mercedes-AMG G63 V1, Aston Martin DBX, Mercedes-Maybach GLS600 4Matic, or the super SUV Lamborghini Urus Performante.
According to regulations, the winner of the car license plate auction must pay the full winning bid amount within 15 days from the date of the announcement of the results. This amount is deducted from the deposit amount (40 million VND) but does not include vehicle registration fees.
Afterwards, within 12 months, the winner of the license plate auction must register this plate for their car. If the registration is overdue, this beautiful license plate will be transferred to the registration and vehicle management system, and the winner of the auction will not be refunded the paid bidding amount.
Auctioning car license plates isn’t just about making money.
On the afternoon of October 11th, following discussions, the National Assembly Standing Committee reached an agreement to submit a Draft Resolution on piloting the granting of the right to choose automobile license plates through auctions to the National Assembly, with the aim of granting more authority to the Government.
