State-owned bank Vietinbank is seeking to auction 10 land plots on Phú Quốc Island with a total reserve price of VNĐ27 billion (over US$1 million) to recover loans from a borrower.
Long An Province, an economic leader in the Mekong Delta, is focusing on increasing the amount of land plots for businesses coming into the province to improve its investment climate.
Real estate developer Binh Minh Investment and Trading Company Limited has rejected the purchase of land at Thu Thiem New Urban Area, Thu Duc City, despite initially winning the bid for it at auction.
Sales of land plots have decreased significantly in HCM City in the last 10 days in districts 2, 9 and Thu Duc, where so-called land fever had broken out over the last few months.
The price of land plots in HCM City, especially in District 2, will
likely continue to fall as more land is put up for auction, according to
a source from the city''s People''s Committee.