Proposal on auctioning vehicle license plates and keeping licenses when selling vehicle in Vietnam

Proposal on auctioning vehicle license plates and keeping licenses when selling vehicle in Vietnam (Artwork)

1. Chosen license plate for auction

According to the draft resolution in Vietnam, the license plate selected for auction is a car license plate with a white background, black letters, and numbers in the inventory of unregistered number plates that the Registry is expected to issue on a monthly, quarterly, and 6-monthly basis or one year

No auction of license plates is issued for vehicles purchased from the state budget; vehicles of the Army used for national defense purposes; vehicles of military enterprises engaged in economic activities; vehicles of foreign business organizations, diplomatic missions, representative offices of international organizations and foreigners working in such agencies and organizations operating in the Vietnamese territory.

2. Objects available for bidding in the auction

Organizations, enterprises, and individuals in Vietnam may participate in the auction of number plates in the locality where they are headquartered (for organizations and enterprises) or where they have registered their permanent residence (for individuals).

3. Determine the auction license plate's starting price.

Region 1 (including Hanoi, Ho Chi Minh City): Gk = Glp x 2

Region 2 (including the remaining localities): Gk = Glp x 10

(Gk: The starting price of one license plate put up for auction, in Vietnam dong; Glp: The highest registration fee in the area.)

4. Auction winners' rights

- To sign a contract with the auction organization to establish the right to the winning number plate; to use the winning number plate at the auction;

- When transferring the vehicle, the auction winner is entitled to keep the number plate to register for another vehicle under his/her ownership (the number plate follows the person);

- When changing the permanent address of the place of residence in another province or city, the auction winner is not required to return the winning number plate.

5. Manage winning auction number plates.

According to the draft resolution in Vietnam, the winning number plate will only be issued to those who have registered to participate in the auction and won the auction.

The auction winning number plate is managed by the Registration Authority and only issued when the auction winner completes the registration procedures according to the regulations on vehicle registration (when the registration procedure has not been completed, the auction winner will only be issued a Certificate of the right to use the winning number plate).

The vehicle registration agency has the right to revoke the auction winning license plate when the number plate is used in contravention of the law (the vehicle with the winning number plate at the auction in violation of the law will be confiscated according to regulations).

The proceeds from the number plate auction, after deducting the costs of organizing the auction as prescribed, will divide the revenue at the rate of 70% to be paid to the central budget and 30% to the local budget.

See more at the Draft Resolution on the Pilot Granting the Right to Choose to Use License Plates through Auctions.

Draft Resolution

Bao Ngoc

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