The Vietnam Partnership Auction Company has announced the auction of 57 land plots in Dam, Muc Xa village, Cao Duong commune, Thanh Oai district. The auction is scheduled to take place on September 8 at the Thanh Oai district sports house.
These land plots range in size from 74.63 to 134.69 square meters. The auction will be conducted through a single round of direct secret ballot bidding for each plot.
Notably, the reserve price for these plots has increased from VND 8.097 million per square meter to VND 8.8 million per square meter, a rise of VND 703,000.
With the new reserve price, participants must submit a deposit of 20%, ranging from VND 131.3 to VND 237 million, depending on the plot. The deadline for submitting the deposit is two days before the auction.
The auction organizer has also changed from Truong Son Partnership Auction Company to Vietnam Partnership Auction Company.
 Thanh Oai district is expected to hold five auctions in September 2024. Photo: Hong Khanh |
According to the leader of the Thanh Oai Land Development Fund Center, the postponement of this auction was announced on August 7. The auction scheduled for August 17 was canceled, and as per regulations, the auction organizing rights of Truong Son Partnership Auction Company were also revoked.
The same official stated that although the number and location of the land plots remained unchanged, the upcoming auction is considered a completely new auction. Therefore, the center had to select a new auction organizer, the Vietnam Partnership Auction Company, in a transparent manner.
Regarding the change in the reserve price, the official explained that the auction on August 17 was postponed to recalculate the reserve price based on the coefficient K of 2.35 (the previous coefficient K was 2) according to Decision No. 46 of 2024 by the Hanoi People’s Committee on issuing land adjustment coefficients for 2024 in accordance with legal regulations, effective from July 29. However, as Hanoi will still apply the old land price framework until the end of 2025, the reserve price at the new auction will not be much higher.
It is expected that five auctions will be held in the district in September.
Hong Khanh
Which bank offers the highest interest rate for online savings in early February 2024?
Beginning February 1st, 2024, several banks have been adjusting their interest rates downwards for savings accounts ranging from 1 to 24 months. Based on a survey conducted across 16 banks, the highest annual interest rate for online savings deposits at a 6-month term is 5%, while for a 12-month term, it is 5.35%.
Land price manipulation tactics in Dong Anh by Chairman Vimedimex
Vimedimex Chairman Nguyen Thi Loan has been accused of using various tactics to win a bidding for land in Dong Anh at only 20.1 million VND/m2, but selling it at a much higher price of 86.3 million VND/m2.
Binh Dinh expects to earn around 5,000 billion from land auctions in 2024
Bình Định Province is planning to auction off a series of land funds in 2024, with an estimated revenue of nearly 5,000 billion VND.
Should I Send 1-Month or 3-Month Fixed Term Savings?
The time frame for saving depends on each individual’s saving goals. People can choose to save for a month or three months, depending on their specific savings objectives.
