Vietinbank to cut auction price of 10 land plots by 14% to recover debts

Tuesday, Oct 08, 2024

State-owned Vietinbank in Phú Quốc is cutting the auction price of 10 land plots on Phú Quốc Island by 14 per cent, lowering the price to VNĐ26 billion (over US$1 million) from nearly VNĐ30 billion, in an effort to recover...

Lessons learnt from the Thu Thiem land auction case

Thursday, Mar 10, 2022

A suitable auction form for each type of property and more stringent sanctions are needed to prevent auction winners from walking away without buying as happened recently in the Thu Thiem New Urban Area, experts said.

Firms pulling out of land auction deals hurts market and consumers

Saturday, Feb 12, 2022

The Ministry of Construction has called for a comprehensive review and potential overhaul of the current land auction regulations. The ministry said there must be stricter requirements, both legal and financial, for firms to partake in land auctions in the...

No credit granted to four Thu Thiem land auction winners

Monday, Jan 17, 2022

Commercial banks did not grant credit to four real estate businesses that won the auction of land use rights in the Thu Thiem new urban area, according to the State Bank of Vietnam.

Thu Thiem land auction ‘scandal” reveals loophole in Viet Nam’s bidding law

Monday, Jan 17, 2022

Although many market insiders have said this move is not too surprising and could be predicted in advance, the action of “ping the stake” still has caused a big market turmoil.

HCM City seeks investors for nine plots in Thu Thiem

Wednesday, Jun 05, 2019

HCM CITY will organise an auction to seek investors for the right to use nine land plots in the Thủ Thiêm new urban area in District 2.

HCM City to auction Thu Thiem land plots one by one

Tuesday, Jul 03, 2018

HCM City will put nine so-called “golden land” plots in the Thu Thiem New Urban Area in District 2 up for auction one by one and not all at once, Tran Vinh Tuyen, deputy chairman of the People’s Committee, said...