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Update news car number plate auction
Vietnam’s lucky license plate auctions reached a fever pitch, with 42 quintuple number plates selling for nearly $8.2 million in just one month.
Nearly 340,000 car license plates from the country’s 63 centrally-run cities and provinces will be put up for online auction on May 25.
Up to 36 licence plates with strings of numbers considered as "lucky" will be publicly available for bidding from September 21 to 22.
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 Deputy Minister of Public Security has agreed to a proposal on a single starting price of VND40 million for vehicle number plate auctions nationwide made by the National Assembly Standing Committee of National Defense and Security.
The vehicle number plates that contain lucky numbers could be a ‘golden treasure’, and auctioning the plates could bring trillions of dong to the state budget.