# Vietnam land auction market instability > Live situation record from CLSTR: https://clstr.news/situations/vietnam-land-auction-market-instability > Updated: 2026-10-26T01:55:29.000Z. Sources: 2. Developments: 2. Vietnam is experiencing significant instability in its land auction market, marked by extreme bidding behavior and failed sales. In areas such as Hanoi, some participants have placed inflated bids—reaching as high as 30 billion VND per square meter—only to later abandon their deposits. In other regions like Thanh Oai, a low percentage of participants have completed their financial obligations despite high prices. Conversely, in Ha Tinh province, auctions have struggled due to overpricing, forcing authorities to reduce starting prices to attract bidders. In response to these challenges, the Vietnamese government has submitted draft amendments to the Law on Asset Auction to the National Assembly. The proposed measures include increasing the minimum deposit for residential land auctions to between 20% and 50% of the starting price. To deter price manipulation and speculative bubbles, the draft also proposes severe penalties, such as banning violators from nationwide auctions for six months to five years and requiring the forfeiture of deposits in cases where violations lead to the cancellation of auction results. ## Timeline ### 2026-10-26: Vietnam proposes higher deposits to prevent land auction manipulation Vietnam's government proposes increasing land auction deposits to 20–50% and banning violators from future auctions for up to five years to prevent price manipulation. 2 sources. https://clstr.news/cluster/vietnam-proposes-higher-deposits-to-prevent-land-auction-manipulation ### 2026-10-19: Vietnam land auctions face high-bid abandonment and failed sales Vietnam faces land auction volatility, with reports of extreme high-bidding abandonment in Hanoi and failed auctions due to overpricing in Ha Tinh, prompting calls for legal reforms. 2 sources. https://clstr.news/cluster/vietnam-land-auctions-face-high-bid-abandonment-and-failed-sales --- Cite as: Vietnam land auction market instability. CLSTR, https://clstr.news/situations/vietnam-land-auction-market-instability