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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

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  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
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Ho Chi Minh City
Friday, April 4, 2025

HCMC to auction four land lots in Thu Thiem early next month

The Saigon Times

Must read

HCMC – Four land lots with a total area of over 30,000 square meters in the Thu Thiem New Urban Area in HCMC’s Thu Duc City will be auctioned on December 3 with a starting price of VND5.3 trillion.

The HCMC Department of Natural Resources and Environment in a report on its performance in the January-October period and its plans for the remaining two months of the year, the department stated that it had reviewed the four land lots managed by the HCMC Land Fund Development Center and would auction them transparently in line with the law.

Besides the four land lots, 3,790 apartments in Thu Duc City’s An Khanh Ward will also be auctioned with a starting price of VND14.7 trillion. Thus, the city may collect more than VND20 trillion from the two auctions.

Procedures for the auction of the 3,790 apartments will be completed soon so that the municipal Appraisal Council can approve the pricing plan for the auction.

In addition, the HCMC Department of Natural Resources and Environment planned to collect the land use fee from nine projects amounting to some VND13.6 trillion.

Earlier, a leader of the HCMC government said in the last months of this year, the city would focus on handling issues at the Thu Thiem New Urban Area project, including the auction of land lots and the return of the capital advanced from the State budget, Thanh Nien newspaper reported.

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