Decoding License Plates for Foreign-Owned Companies in Vietnam

“Built to last” is a common saying when making important choices. In business, choosing a “lucky” license plate for trucks is a significant consideration for many companies, especially foreign-owned ones in Vietnam. What’s special about license plates for these businesses? Let’s explore!

License Plates for 100% Foreign-Owned Companies: Meaning & Reality

The Allure of “Lucky” Numbers

In East Asian culture, each number holds a specific meaning. The number 8 symbolizes prosperity, 9 represents longevity, and 68 signifies wealth and fortune. Owning a license plate with a sequence of lucky numbers is believed to bring good luck and smooth sailing in business.

Lucky license plate for a truck

Practical Benefits

Beyond spiritual beliefs, lucky license plates offer practical advantages:

• Easy to Remember and Recognize: Memorable license plates help customers easily recall a brand, increasing brand recognition.
• Professional Image: A desirable license plate contributes to a professional and reputable image for the company in the eyes of partners and customers.
• Higher Resale Value: Trucks with lucky license plates often command higher resale values compared to those with ordinary plates.

What Does Vietnamese Law Say?

Under Vietnamese law, there’s no distinction in license plate allocation between 100% foreign-owned companies and domestic companies. All must comply with the Road Traffic Law regarding vehicle registration.

Addressing License Plate Concerns for Foreign Companies

Can Foreign Companies Choose Lucky License Plates?

Absolutely! Foreign companies registered in Vietnam enjoy the same rights and obligations as domestic businesses, including vehicle registration and license plate selection.

How to Obtain a Lucky License Plate?

There are two ways to acquire a lucky license plate:

1. Participate in License Plate Auctions: This is a common and transparent method where companies can bid on desired license plates.
2. Purchase a Vehicle with a Lucky Plate: This is simpler but usually more expensive than participating in an auction.

Truck license plate registration

Tips for Choosing a Truck License Plate

According to Feng Shui expert Nguyen Van A, author of “Feng Shui License Plates,” choosing a license plate that aligns with the business sector, age, and destiny of the business owner can attract good fortune and prosperity.

Examples:

• Transportation companies should consider license plates containing the numbers 3, 6, 8, or 9.
• Individuals with a Metal element should opt for white or silver license plates.

Frequently Asked Questions

What is the Cost of a License Plate Auction?

The cost depends on the starting price of the license plate and the level of competition in the auction.

What is the Registration Process for Foreign Companies?

The license plate registration process for foreign companies is the same as for domestic companies. Refer to our article Latest Truck Registration for more information.

Conclusion

A license plate, lucky or not, is just a small factor contributing to a company’s success. A sound business strategy, quality products, and professional services are paramount.

Contact XE TẢI HÀ NỘI today for expert advice on quality trucks and answers to your license plate registration questions. Hotline: 0968 239 999.

Explore More:

• Daewoo 8-ton Truck Price List
• Fortuner 2018 Car Price

Leave a comment below if you have any questions about license plates for 100% foreign-owned companies. We are always ready to assist you!