According to the Decree, the Minister of Public Security decides the number of license plates to be auctioned at each auction, including license plates of provinces and cities in the Vehicle Registration and Management System of the Ministry of Public Security .

The Minister of Public Security also decided to supplement the number of license plates for the Public Security of provinces and cities in case there are no more license plates to register before the next auction.

The Decree stipulates that the starting price of a car license plate put up for auction is 40 million VND, increasing every three years from January 1, 2025, each time increasing by 5 million VND.

The starting price of a motorbike license plate put up for auction is 5 million VND, increasing every three years from January 1, 2025, each time increasing by 1 million VND.

The starting price of license plates in the format AAAAA (A>4), ABCDE (A4) to be re-auctioned after the second time is 500 million VND for car license plates and 50 million VND for motorbike and scooter license plates.

Deposit, step price

The Decree stipulates that the deposit is equal to the starting price of a vehicle license plate to be auctioned. The deposit is deposited into a separate payment account of the property auction organization opened at a bank from the date of listing the property auction until 2 days before the auction opening date.

In case of winning the auction, the deposit will be transferred to the specialized collection account of the Ministry of Public Security to be paid into the state budget according to regulations.

The price step for car license plate auction is 5 million VND; for motorbike license plate auction is 500 thousand VND.

The Decree also stipulates the steps to conduct an auction. In particular, registration to participate in the auction is carried out entirely online. Auction participants are responsible for the accuracy and honesty of the information declaration.

Auction participants access the online auction information page with their access account and perform procedures according to the auction regulations. At the end of the online auction, the online auction information page determines the auction winner, announces the auction results...

The Decree stipulates that auction organizations and auctioneers must stop the auction in case the Ministry of Public Security requests to stop when there is a basis to believe that there is a violation of the auctioneer's professional ethics and other regulations in the auction regulations; or force majeure events.

Cases of disqualification from auction participation include: Providing false information and documents; using fake documents to register for auction participation, participating in auctions; colluding, connecting with auctioneers, property auction organizations, people with auctioned properties, other auction participants, other individuals and organizations to lower prices, falsify property auction results.

Obstructing the auction of assets, using software to influence the auction process or results; disrupting the auction. Threatening or coercing auctioneers or other auction participants to distort the results of the auction of assets...

Ministry of Public Security: Need to sanction cases of abandoning deposits for vehicle license plate auctions

Ministry of Public Security: Need to sanction cases of abandoning deposits for vehicle license plate auctions

To date, 738 license plates have been forfeited, with a total amount of up to 862 billion VND. According to the Ministry of Public Security, it is necessary to have sanctions to deal with these cases to deter and demonstrate the strictness of the law.
An extension round will be added to each auction of beautiful car license plates.

An extension round will be added to each auction of beautiful car license plates.

Information from Vietnam Auction Joint Stock Company, the unit will soon issue and post the regulations for online auction of car license plates for the third auction with many changes.