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Update news vehicle number plate auction
A rare all-nines plate from Bac Ninh fetches one of the highest-ever prices in Vietnam’s license plate auctions.
Vietnam’s booming license plate auctions have reached new heights after the coveted plate 99A-999.99 sold for nearly $860,000 at a national auction on August 12, sparking intense public attention.
The Ministry of Public Security has announced the seventh round of license plate auctions, featuring more than 1.2 million plates from 34 provinces and cities across Vietnam.
Bidding war breaks out as Ho Chi Minh City license plate hits record at national auction
In a surprising twist during Vietnam’s first-ever auction of motorcycle license plates, a plate from Ca Mau province fetched a record VND 158 million (approximately USD 6,240) - the highest among nearly 50,000 plates on offer.
Minister of Public Security To Lam said the auction aims to meet the personal desires of vehicle buyers, improve management of means of transport, increase collection for the State budget and create transparency in number plate issuance.