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09 Jan 2023
To ensure the rights of auction participants, Leaders of the Ministry of Public Security have directed the Traffic Police Department to develop legal documents and complete the infrastructure before May 1, 2023.
Rare license plates are always interested by consumers. Some even spend hundreds of billion VND to purchase the beautiful plates of other car owners.
To meet the needs of the people, Resolution 73 of the National Assembly has allowed the auction of car license plates while strictly ensuring the management of road vehicles, increasing revenue for the state budget, and at the same time ensuring transparency and publicity in the issuance of license plates for cars.
The National Assembly’s resolution on piloting the auction of car license plates will take effect starting on July 1, 2023 with a starting price of VND 40 million, applicable to car license plates with white background, black lettering and numbers. Currently, the Ministry of Public Security is urgently developing a Decree detailing and organizing a pilot auction of car license plates, ensuring publicity, transparency, and attraction.
Major General Le Xuan Duc – Deputy Director of the Traffic Police Department, Ministry of Public Security said: “The winner of the license plate auction has the right to use, exchange and donate that license plate. He may sell the car won in the auction to keep the number plate in order to register for his next car.
To ensure the rights of auction participants. Leaders of the Ministry of Public Security have directed the Traffic Police Department to develop legal documents and complete the infrastructure before May 1, 2023.
The piloting of license plates for cars through auction is carried out nationwide. The pilot period is 3 years, effectively exploiting public assets such as the warehouse of car registration numbers, generating revenue for the State, ensuring publicity and transparency, meeting the needs of the people.
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