Auction of 4 plots of land in Cam Duong ward
According to Decision No. 68/QD-DVLLC, the first auction focused on 4 individual residential plots on D19 Street, Urban Sub-area No. 13 (now in Cam Duong Ward).
The total auction area is 1,595.2 m2, complete technical infrastructure, long-term land use term. The starting price is fixed at 12.5 million VND/m2, equivalent to a total value of nearly 19.94 billion VND.
The deposit is equal to 20% of the starting price of each plot, ranging from 964.75 million to more than 1 billion VND.
The participants are individuals with land use needs, fully meeting the conditions under the 2024 Land Law.
The auction documents will be sold and received from October 10 to 5:00 p.m. on October 28. The price announcement will take place at 3:00 p.m. on October 31 in the form of indirect voting.
Auction of large project Urban sub-zone No. 23
Next, according to Decision No. 69/QD-DVLLC, Lao Cai organized an auction of land use rights to select an investor for the Urban Sub-zone Construction Project No. 23 in Binh Minh Ward (now Cam Duong Ward). This is one of the largest projects in the locality today.
The total auction area is up to 287,105 m2, including many types of land: townhouses, villas, social housing, service land, commercial land, trees and technical infrastructure.
The total starting price is 451.207 billion VND, of which the residential land price is 6.074 million VND/m2, and commercial and service land is 4.524 million VND/m2.
The required deposit is 90.241 billion VND (20% of the total starting price).
The participants are domestic economic organizations or foreign-invested enterprises with real estate business functions, meeting financial capacity requirements - equity of at least 15% of the total project investment (about 154.78 billion VND) - and similar project implementation experience.
The project implementation period is 4 years from the date of being recognized as winning the auction. The auction documents are sold and submitted from October 17 to November 5, 2025, with investor approval from November 6-13, and price announced at 3:00 p.m. on November 21.
According to Lao Cai province, implementing public and transparent auctions of land funds with favorable locations not only helps increase budget revenue from land, but is also an important step in the strategy of attracting investment and developing modern and synchronous urban areas.
These auctions are expected to select investors with financial potential and the ability to implement real projects, thereby contributing to completing infrastructure, expanding urban space, and enhancing the appearance of Lao Cai city in the coming years.
