On December 20, 2023, the Vietnamese Joint Stock Auction Company held an auction for car license plates with nearly 7,000 license plates. Compared to previous car license plate auctions, this morning’s auction witnessed a significant decrease in the number of license plates that were bid for over 1 billion VND, although several quadruplicate license plates were publicly auctioned.
On December 20th, three quadruplicate license plates fetched the highest bids. The plate 37K-299.99 was sold for 1.28 billion VND, the plate 18A-399.99 sold for 1.105 billion VND, and the plate 37K-277.77 sold for 1.045 billion VND. Notably, two quadruplicate license plates from the province of Nghe An received high winning bids.
Furthermore, a few license plates sold for over 1 billion VND, including the plate 30K-689.89, which was bid for 1.06 billion VND. One of the highest bids was placed on the plate 14A-868.88. These license plates share a common characteristic of starting with lucky numbers, such as 6 for luck, 8 for fortune, and 9 for longevity.
The most interesting aspect is that the “Rồng Sinh” plate 61C-567.89 from Binh Duong was sold for only 705 million VND. It is likely that this plate belongs to a commercial vehicle, reducing its popularity compared to other plates with the same number combination (567.89), which were sold for significantly higher prices. For example, the plate 38A-567.89 from Ha Tinh sold for 1.6 billion VND, the plate 19A-567.89 from Phu Tho sold for 2.705 billion VND, and the plate 30K-567.89 from Hanoi sold for a staggering 12.5 billion VND.
On the other hand, several beautiful license plates with quadruplicate numbers were sold for lower prices. For example, the plate 30K-633.33 from Hanoi was sold for 945 million VND, the plate 72A-777.79 from Ba Ria-Vung Tau sold for 890 million VND, the plate 67A-299.99 from An Giang was sold for only 675 million VND, and the plate 77A-299.99 from Binh Dinh was sold for only 510 million VND.
The next highest price was 450 million VND for the plate 37K-266.66 from Nghe An. The plate 19A-566.66 from Phu Tho sold for 400 million VND, and the plate 14A-888.89 from Quang Ninh was sold for 340 million VND.
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.
