Sand Auction
Lam Dong auctions 9,148m3 of sand, earning more than 2.4 billion VND
|
Lam Dong - A business in Lam Dong has just won an auction of 9,148m3 of sand, earning more than 2.4 billion VND.
There is a phenomenon of hoarding and speculation pushing sand prices up to 1.1 million VND/m3
|
Dak Nong identifies the reason for the high sand price as due to many objective and subjective factors. Including hoarding, price increase and profit speculation.
What does the Department of Minerals say about the phenomenon of sudden high sand auction prices?
|
The Vietnam Minerals Department believes that there should be sanctions to prohibit units from bidding high prices for minerals and then abandoning deposits, causing market disruption.
