After just 30 minutes of online auctioning on the morning of October 3, a batch of 1,606 seized vehicles—confiscated for administrative violations by the Ho Chi Minh City Traffic Police—was successfully sold for over 3.23 billion VND, doubling the starting price.
The entire batch of assets was stored at the Sha T30 administrative violation vehicle holding area in Nha Be District, Ho Chi Minh City. Following the auction on the morning of October 3, the proceeds exceeded the starting price by approximately 1.75 billion VND.
According to the auction organizer, the batch included 1,268 motorcycles, 197 tricycles, and 141 homemade trailers (not eligible for registration). The starting price for the entire batch was over 1.48 billion VND, with each bid increment set at 50 million VND. This price does not include taxes, fees, or related expenses as per regulations.
VTC News reporters observed that among the over 1,200 motorcycles auctioned, many still had license plates, chassis numbers, and engine numbers but were severely damaged and no longer roadworthy. Previously, authorities valued each motorcycle at only 370,000 VND to over 1 million VND, depending on its condition.
Additionally, the batch included 197 damaged tricycles, valued at approximately 2.8 million VND each, and 141 homemade trailers, averaging 670,000 VND per unit. All these vehicles were administrative violation assets, ineligible for registration or circulation.
These vehicles were piled into large stacks at the Sha T30 administrative violation vehicle holding area in Nha Be District.
Approximately 1,600 seized vehicles in Ho Chi Minh City were successfully auctioned off.
Experts agree that auctioning administrative violation vehicles is necessary and practical, helping recover asset value for the state while reducing storage pressure at holding areas.
However, the process from seizure to confiscation and auctioning often takes a long time, causing most vehicles to become severely damaged. This not only reduces asset value but also leads to waste and increased storage costs for authorities.
Ho Chi Minh City’s successful auction of over 1,600 seized vehicles at double the starting price is seen as a positive step in public asset management. However, experts suggest that to improve efficiency, the city should streamline the handling process to avoid vehicles being stored for years before auctioning, by which time they are severely damaged and lose their utility value.
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