Nam Bac Joint Stock Auction Company has just announced the organization of an auction of the right to use 37 plots of land for housing in the concentrated and resettlement area of Nam Lang Dong village, Truc Tuan commune, Truc Ninh district (now Co Le commune, Ninh Binh province).
The plots of land have an area of 103.7m2 to 150m2, with a total starting price of more than 31.2 billion VND. The starting price of each lot ranges from 633.6 million to 985.6 million VND. The step price is regulated to be 1 million VND. In case two or more people bid at the same price and at least one person agrees to continue bidding, the participant must bid at least one higher price step.
The starting price does not include fees and charges as prescribed. The deposit ranges from 126.72 million to 197 129.2 million VND for each dossier/plot of land, the total deposit is more than 6.25 billion VND. The fee for purchasing documents is 100,000 VND/ dossier/plot of land.
The subjects eligible to participate in the auction are individuals who are eligible for land allocation by the State with land use fees collected according to the provisions of law. Cases banned from participating in auctions under Clause 4, Article 38 of the Law on Property Auction 2016 (amended and supplemented in 2024) are not allowed to participate. In addition, the husband, wife or biological brother, sister or younger brother of the auction participant cannot register for the same plot of land.
The documents are sold and received from 8:00 a.m. on November 3 to before 5:00 p.m. on November 19, 2025 (during office hours) at three locations: the headquarters of the People's Committee of Co Le commune, Nam Bac Joint Stock Auction Company and the Auction Department of the company.
The auction is scheduled to take place at 2:00 p.m. on November 22, 2025 at the Hall of the Cultural House of Co Le commune, Ninh Binh province. Participants need to be present 30 minutes in advance to complete the procedure. Depending on the number of registered participants, Nam Bac Joint Stock Auction Company can adjust the time or location of the event and will promptly notify customers if there are changes.
The auction is a round of direct voting, according to the method of bidding up. Participants will only be paid for the registered land lot, corresponding to the application and the deposit. The maximum time to write the ballot is 30 minutes.
