President Bounnhang Vorachit’s BMW Series 7 grabbed an 890 million kip bidby the DV Group
Prime Minister Thongloun Sisoulith’s BMW car was given a 1,330 million kip bid bybusinessman Thonglith Kingkeoudom
NA President Pany Yathortou’s car was offered a 970 million kip (almost US$120,000)bid by businesswoman Mrs Bouakeo Vongsamolaphoum
(KPL) Prime Minister Thongloun Sisoulith’s car was bid for 1,330 million kip, the highest bid made in the first ever auction of leaders’ cars, followed by Vice President Phankham Viphavanh’s car offered a 1,300 million kip bid and National Assembly President Pany Yathortou’s car given a 970 million kip bid.
Fourteen cars of the President, Prime Minister and other senior Party and government officials fetched 11.6 billion kip with President Bounnhang Vorachit’s BMW Series 7 grabbing an 890 million kip bid in the auction held at the National Convention Centre in Vientiane on Tuesday.
The auction drew more than 50 bidders.
The following is the breakdown of the winning bid values for the vehicles of top three leaders:
The cars on auction comprised seven BMW Series 7/730li models and seven Mercedes Benz S350 models. The starting bid for all BMW Series 7/730li was set at 830 million kip as 500 million kip was the starting bid for all Mercedes Benz S350 models.
The planned auction came after the Party and government leaders agreed not to drive luxury cars in a bid to cut lavish spending on vehicles and related costs.
The cars will be replaced by more reasonably priced brands of vehicles.
Luxury cars will no longer be used for state affairs and excessive numbers of cars previously provided to senior officials will be taken back.
The auction was only be the first batch of cars withdrawn from the leaders at level I and level II categories.
The level-I leaders include the President, Prime Minister, President of the National Assembly, Secretary General of the Lao People’s Revolutionary Party and other members of the Politburo. The level-II leaders comprise the Secretary of the Party Central Committee, Vice President, Vice President of the National Assembly, and Deputy Prime Minister.