60,000 license plates to be auctioned

(QNgTV)- About 50,000 motorbike license plates and 10,000 car license plates will be auctioned on August 13, according to information from a representative of Vietnam Auction Partnership Company (VPA).

60,000 license plates to be auctioned

Vietnam Joint Stock Auction Company said it will coordinate with the Traffic Police Department ( Ministry of Public Security ) to organize a license plate auction on August 13. It is expected that about 50,000 motorcycle license plates and 10,000 car license plates will be auctioned in this session.

According to statistics from the Ministry of Public Security, since the first vehicle license plate auction took place (September 15, 2023) up to now, the total amount of money that auction winners have paid to the State budget is more than 5,200 billion VND.

The car license plate auction takes place publicly and transparently; each individual can ask someone else to bid on their behalf using their account, and each person is not limited to the number of license plates they want to auction.

The starting price of a car license plate put up for auction is 40 million VND, increasing every three years from January 1, 2025 by 5 million VND each time. The starting price of a motorcycle license plate put up for auction is 5 million VND, increasing every three years by 1 million VND each time.

Source: https://quangngaitv.vn/sap-dau-gia-60-000-bien-so-xe-6505897.html