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2 clusters · 6 sources · 8 days · First seen · Last updated

Vietnam land auction policy adjustments

Overview

In late July 2026, Hanoi’s People’s Committee cancelled a $60 million land auction for a 5‑star hotel after the winning bidder failed to pay the full amount, revoking the project’s approval and directing the firm to settle with tax and finance authorities.

A week later, local governments in Nha Trang and Ho Chi Minh City announced revisions to land valuation and auction plans. Nha Trang sought specific compensation prices for several development projects, while Ho Chi Minh City amended its auction schedule for eight parcels in the Thủ Thiêm urban area, updating designations and sizes but keeping the overall framework unchanged. Together, these actions illustrate a broader tightening and recalibration of Vietnam’s land auction and valuation processes across multiple cities.

Entities

People's Committee of Ho Chi Minh City · Cao Ba Quat street · An Khánh Ward · Khánh Hòa Province · Thu Thiem New Urban Area

Timeline

  1. 4 days ago

    [BUSINESS] 4 sources
    Vietnam cities revise land valuation and auction plans

    Vietnam's Nha Trang and Ho Chi Minh City committees approved specific land prices for several projects and amended the auction plan for eight parcels in Thủ Thiêm, respectively.

  2. 11 days ago

    [BUSINESS] 3 sources
    Hanoi cancels $1.4 trillion land auction for 5‑star hotel project

    Hanoi has cancelled the recognition of a 3,300 m² land auction at 18 Cao Ba Quat after bidder Duyn Ha Co. Ltd failed to pay the full 1.4 trillion VND price, forfeiting its 135 billion VND deposit.

Sources

biz.cafef.vn · cafebiz.vn · cafef.vn · m.soha.vn · thanhnien.vn · tienphong.vn