On May 26, information from the Van Yen District Construction Investment Project Management Board and the Yen Bai Province Property Auction Service Center said that these two units are organizing an auction of the Mau A Town Central Market and People's Market Construction Investment Project.
According to the auction announcement, the total area of land auctioned for land use rights is 24,948.31 m2, located at Residential Group No. 8, Mau A Town, Van Yen District.
Of which, market land has an area of 13,234m2; traffic land is 8,931.11m2. The State leases land and pays one-time land rent in the form of auctioning land use rights.
The land lease term is 50 years from the date the investor is recognized as having won the auction of land use rights (according to Decision No. 2283/QD-UBND dated December 1, 2023 of the Provincial People's Committee on the decision approving the investment policy).
The total value of the land auctioned for land use rights is 99,233,343,991 VND. Specific land price is 3,977,558 VND/m2. The value of the above land use rights has been deducted from the cost of investment in construction of the project and other related costs.
Investors must self-fund to invest in construction of works on the entire area of the project according to the approved detailed plan.
The specific price mentioned above has determined the taxable income calculated in advance at 5.5% of the investment capital rate in the total cost and estimate deducted.
In case the competent authority gives specific instructions on the taxable income calculated in advance at 5.5%, the specific land price will be re-determined to ensure compliance with regulations.
The construction estimate for calculating the development cost of the project is a provisional value based on the standard and unit price issued by the competent state agency and has been independently reviewed by the consulting unit.
After the project is completed, review the actual value. In case the actual construction value is higher than the temporary value, it is calculated in the cost of the investor, in case the actual construction value is lower than the temporary value, the investor must submit the difference.
After winning the auction of land use rights of the project, the investor is responsible for fulfilling financial obligations, including additional financial obligations (if any) to ensure compliance with regulations.
The time for selling and receiving documents to participate in the auction is from May 22 to June 3, 2025. The auction is organized in the form of one-time indirect voting.
The price announcement will be held on June 5, 2025 at the Van Yen District Convention Center, Yen Bai Province.
