Lac Viet Partnership Auction Company has just announced an auction of land use rights to allocate land with land use fees for 9 land plots in Phuc Son commune, Hanoi City, with a total area of 944.2m2.
The land plots have an area ranging from 95.9 - 113.9m2; the starting price ranges from 2.21 - 8.01 million VND/m2.
The form of land allocation is that the State allocates land with land use fees, long-term use term. The land plots put up for auction have completed site clearance, and technical infrastructure has been implemented according to the approved decisions.
The auction form is direct secret ballot in 2 rounds at the auction session, according to the up-pricing method.
At the first auction round, the price step is 10 million VND/m2. At the second auction round, the price step is 100,000 VND/m2.
For cases where auction participants register multiple land plots and pay the deposit together, they must ensure to pay the correct and sufficient amount according to regulations for all registered land plots. If the deposit amount is lower than the total deposit of all land plots recorded in the auction registration form, the entire registration dossier will not be eligible to participate in the auction.
Time for selling and receiving bids from 8:00 AM on May 11, 2026 to 5:00 PM on May 25, 2026. Locations for selling and receiving bids include: Phuc Son Commune Investment - Infrastructure Project Management Board and headquarters of Lac Viet Joint Venture Auction Company at.
The auction is expected to take place at 8:30 am on May 28, 2026 at the Hall of the Project Management Board for Investment - Infrastructure of Phuc Son commune, No. 319 Thuong Lam Trang street, Phuc Son commune, Hanoi City.
