On the afternoon of April 11, Vietnam Joint Stock Auction Company (VPA) announced the plan to organize the 10th large-scale license plate auction. A total of 393,520 car license plates and 1,022,670 motorbike and moped license plates were put up for auction.
According to the announcement, all auction activities will be carried out online through an electronic information page or specialized application. Participants can access the system to register, submit applications and conduct auctions according to regulations.
The starting price for each car license plate is 40 million VND, while motorbike and moped license plates have a starting price from 5 million VND. For special license plates with increasing or repeating number series formats, the starting price can be up to 500 million VND for cars and 50 million VND for motorbikes when put up for re-auction.
The deposit is regulated to be equivalent to the starting price of each type of license plate. The price step in the auction process is 5 million VND for cars and 500 thousand VND for motorbikes. Each license plate has a minimum auction duration of 25 minutes.
Participants can submit application fees and deposits via QR code scanning on the system or bank transfer according to instructions. Each transaction will have its own payment code to ensure accuracy and transparency.
The 10th auction session continues to maintain the online auction mechanism to create favorable conditions for people across the country to access, while contributing to increasing publicity and transparency in the allocation of license plate resources.
