What are car license plates put up for auction in Vietnam? How to register to participate in the auction of motor vehicle license plate?
What are car license plates put up for auction in Vietnam?
Pursuant to the provisions of Clause 1, Article 2 of Resolution 73/2022/QH15 on pilot auction of car license plates, there are the following regulations:
Car license plates put up for auction, property auction organizations
1. The car license plate put up for auction is the one having white background with black letters and numbers, except for license plates issued to cars of military enterprises and projects, business entities in joint venture with foreign partners, cars of foreign organizations and enterprises, diplomatic missions, consular agents, representative offices of international organizations and foreigners working in foreign and international agencies and organizations operating in the Vietnamese territory.
2. The selection of car license plates put up for auction is regulated as follows:
a) The Ministry of Public Security and the property auction organization are responsible for making public the car license plates specified in Clause 1 of this Article that have not been registered or are expected to be issued on the national web portal on property auctions, the website of the Ministry of Public Security, the website of the Traffic Police Department and the online website of the property auction organization;
b) Organizations and individuals may select car license plates of provinces and centrally-affiliated cities to register for auction;
c) The car license plate that is not selected for auction, and the car license plate that is not successfully auctioned shall be immediately transferred to the vehicle registration and management system for registration according to regulations.
3. During the implementation of this Resolution, the Ministry of Public Security shall select a property auction organization among property auction organizations having an online auction website, ensuring compliance with network security requirements when connecting to the vehicle registration and management system to hold car license plate auctions.
Thus, the car license plate put up for auction is the one having white background with black letters and numbers, except for license plates issued to cars of military enterprises and projects, business entities in joint venture with foreign partners, cars of foreign organizations and enterprises, diplomatic missions, consular agents, representative offices of international organizations and foreigners working in foreign and international agencies and organizations operating in the Vietnamese territory.
What are car license plates put up for auction in Vietnam? How to register to participate in the auction of motor vehicle license plate?
What is the reverse price of a car license plate put up for auction in Vietnam?
Pursuant to the provisions of Clause 1, Article 3 of Resolution 73/2022/QH15 on pilot auction of car license plates issued by the National Assembly as follows:
Reverse price, deposit, bid increment, proceeds from auction of car license plates
1. The reverse price of a car license plate put up for auction is VND 40,000,000.
2. The deposit is equal to the reverse price of a car license plate put up for auction.
3. The bid increment is VND 5,000,000.
4. The proceeds from the auto license plate auction, after deducting the expenditures for holding the auction, shall be transferred to the central budget in accordance with the law on state budget.
The Government shall elaborate the management and use of the proceeds from the auto license plate auction.
Thus, the reverse price of a car license plate put up for auction is VND 40,000,000.
How to register to participate in the auction of motor vehicle license plate in Vietnam?
According to the provisions of Clause 1, Article 11 of Decree 39/2023/ND-CP on pilot auction of motor vehicle license plates, there are instructions for steps of each lot auction of motor vehicle license plate as follows:
- Application for participation in auction shall be done entirely on online auction website of auction organization;
- Auction participants shall be issued with login accounts and provided with instructions on how to use the account, how to bid, and other details on online auction website in order to bid;
- Auction participants are allowed to choose motor vehicle license plates among the list of motor vehicle license plates to be auctioned of all provinces and central-affiliated cities;
- Auction participants shall send payments for application and deposits for motor vehicle license plates that they have selected to account of auction organizations and shall be issued with code to participate in motor vehicle license plate auction;
- Auction organizations are responsible for receiving application for participation in auctions and deposits throughout the period from the date on which the auction is publicly listed to 3 day
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