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Car license plates sell for huge money at auction

The Saigon Times

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HCMC – Online auctions of what are seen as highly-sought-after car license plates have brought big money for the State, with the HCMC-registered license plate 51K-888.88 alone gaining VND32.34 billion.

The auction of the 51K-888.88 license plate commenced at 14:45 on September 15. Within just 5 minutes, the highest bid had already surpassed VND6.5 billion. During the auction, the price continued rising. Ultimately, the winning bid stood at VND32.34 billion.

Another auction, featuring license plates 15K-188.88 (Haiphong City), 99A-666.66 (Bac Ninh Province), and 36A-999.99 (Thanh Hoa Province), took place on the same day from 13:30 to 14:30.

Seven minutes before the conclusion of this auction, the bid for the 36A-999.99 license plate jumped from VND3 billion to VND6.5 billion. When the auction concluded, the 36A-999.99 and 99A-666.66 license plates were successfully purchased for VND7.47 billion and VND4.27 billion, respectively.

Between 16:00 and 17:00, the auction featured three more license plates: 88A-666.66 (Vinh Phuc Province), 65A-399.99 (Can Tho City), and 30K-567.89 (Hanoi City). Among them, the Hanoi City license plate 30K-567.89 was anticipated to attract significant attention from bidders.

In the morning, at 9:00, the auction began with the 19A-555.55 license plate (Phu Tho Province)), which sold for VND2.69 billion after an hour.

Subsequently, at 10:00, the auction for Hanoi City’s 30K-555.55 license plate was held and expected to generate intense competition. As predicted, within just 10 minutes, the bid for this plate had surpassed VND14 billion, ultimately selling for VND14.12 billion.

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