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Vietnam has just proposed auctioning license plates after 29 years of piloting and then stopping

The Ministry of Public Security has just completed the draft Resolution of the National Assembly on pilot granting the right to choose to use car number plates through auction. Specifically, when transferring a car, the auction winner is entitled to keep the number plate to register for another car owned (also known as the number plate that follows the person). In which, in Hanoi and Ho Chi Minh City, there will be a starting price of 40 million VND for a number plate.

Not only in Vietnam, many countries around the world are also very interested in beautiful, unique, strange and attached number plates. Therefore, the purchase, sale and auction of license plates has been carried out by many countries for a long time.

United Arab Emirates

This country does not tax personal income, so many people think that participating in the sale and purchase of beautiful license plates is not simply for personal interests, but it is also a way to contribute to the nation. family.

In the UAE, it is normal for Porsche, Ferrari, Lamborghini, and Aston Martin cars to parade on the street, so “class” is no longer in the value of the car, but the number plate itself.

Vietnam has just proposed to auction license plates after 29 years of piloting and then suspending - How are other countries trading and valuing license plates?  - Photo 1.

The most expensive license plate in the world, more expensive than the value of the car it is attached to.

The UAE is made up of 7 emirates, and the license plates of the residents of which emirate are designed and decided by the Roads and Transport Authority (RTA) of that emirate. The price of a random number plate issued by the RTA is only 35-50 AED (9-14 USD), depending on the size of the license plate and the locality. The common point of the number plate of the 7 emirates is that they all consist of one letter and no more than 5 digits, printed in black on a white background. Number plates with fewer digits will be more expensive.

In 2008, in an auction at a 7-star hotel in the UAE, 25-year-old businessman Saeed Abdul Ghafour Khouri paid up to 14.3 million USD for a license plate with a single number: 1.

It has since topped the record for the most expensive license plate in the world, worth 10 times more than the supercar it’s attached to, the Pagani Zonda F Roadster, one of the most expensive cars in the world. .

America

In the United States, license plates are also issued by the Department of Transportation of the state or territory government. The US government issues license plates only to its own fleet of vehicles and to vehicles owned by foreign diplomats.

In addition to the number plates randomly assigned by the Department of Transportation in the “plate stock”, all 50 US states allow car owners to choose a “personalized” plate according to their preferences, and for a fee. The only rule is that the message on this number plate does not incite hatred, pornography or violence. Car owners can also add heart icons, stars, their own portraits…

Vietnam has just proposed to auction license plates after 29 years of piloting and then suspending - How are other countries trading and valuing license plates?  - Photo 2.

A personalized license plate can contain up to 7 letters, numbers, or both, with no special characters (eg @, #, %…). Owners of personalized plates will have to pay 3 types of fees: a regular license plate registration fee, ($3-100), an initial registration fee ($35-60) and a maintenance fee, ranging from 19 -31 USD per year, depending on vehicle type and state tariff. If the maintenance fee is not paid for two consecutive years, the license plate will automatically become invalid.

There are 4 ways to register a personalized number plate: online registration at the website of the Department of Transport of that state, sending a paper application by post, registration by phone call to the Department of Transport office, or come directly. Applications are processed in 10 days and vehicle owners will have the required number plates in up to 6 weeks.

In addition, people who are using random number plates can also apply and pay a fee to switch to personalized number plates, and vice versa.

China

In China, the beautiful license plate auction law has existed since the 90s of the last century. At that time, the numbers 6, 8, 9 were considered beautiful numbers because they were representative of auspicious in folk belief. Accordingly, number plate auctions were organized by the government to reduce bribery for ownership. own a beautiful beach, and at the same time use the proceeds to support funds for people in traffic accidents or road repair.

Vietnam has just proposed to auction license plates after 29 years of piloting and then suspending - How are other countries trading and valuing license plates?  - Photo 3.

Up to now, two license plates have been recorded as having the highest auction prices in China. The most expensive license plate bearing the number V99999 was sold in Yanyang city, Guangdong province in 2016. By February 2017, the second most expensive license plate with a price of 3 million yuan belonged to a businesswoman surnamed Vuong, the director. a company that manufactures and trades asphalt.

It is known that the license plate number of a vehicle after being auctioned must be registered in the person’s name and cannot be transferred. Those who own a license plate for 3 years when buying a new car can install this plate on the new car to continue using it.

Currently, China has more than 200 million cars, causing heavy traffic jams in some areas. More cities will impose restrictions on car ownership, and license plate prices are sure to continue to rise.

Thailand

Private car owners in Thailand were invited to bid for the first time to buy special license plates at an auction organized by the Road Traffic Department on April 7, 2022.

The first round of private car license plate auctions attracted 287 on-site participants and 308 online participants. Private vehicle owners are allowed to bid for special number plates, with each license plate consisting of Thai letters, a bar and a number of no more than 7 characters.

Vietnam has just proposed to auction license plates after 29 years of piloting and then suspending - How are other countries trading and valuing license plates?  - Photo 4.

The most chosen number plates have words representing money and beauty. For example: ‘Ror Wor Yor’ reads as ‘ruai’, which means wealth; ‘Sor Wor Yor’ reads as ‘suai’, close in meaning to the word beautiful; or ‘sethi’, which means millionaire. The most expensive license plate is ‘Ror Wor Yor 9999’, which sells for 18.5 million baht, or $550,000. Followed by ‘Sethi 1’ (15.4 million baht), ‘Sor Wor Yor 1’ (13 million baht), ‘Sethi 8’ (12.6 million baht) and ‘Ror Wor Yor 8888’ (11.1 million baht). baht baht).

The proceeds from the auction of 63 special number plates were 282 million baht. The Road Traffic Department believes that the remaining 19 license plates can fetch 20-30 million baht. The agency is expected to collect at least 300 million baht from the auction of 82 license plates. Under the plan, the proceeds from the auction of special license plates will be used to support the Road Traffic Safety Fund.

Singapore

Singapore allows people to choose a license plate even if they don’t have a car or have a car, allowing people to change another license plate if they don’t like it. Auction of license plates according to personal preferences is also popular in many Asian countries, such as Singapore, Malaysia…; decentralize the issuance of license plates to provincial-level traffic management agencies.

Belgium

The Kingdom of Belgium does not auction number plates, but car owners can pay extra to choose the license plate of their choice. Getting a license plate usually costs only 30 EUR, but if you pay an extra 1,000 EUR. Vehicle owners choose a plate with a maximum length of 9 characters, any number is fine, as long as it does not coincide and does not mean vulgarity, hatred or violence.

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