Hanoi plans to promote auctions of land use rights from now to 2020 in order to make effective use of land fund and meet the increasing demand of businesses and people.
The city hopes to collect over 53.5 trillion VND (2.3 billion USD) to the budget from auctioning 677.36 hectares of land in 2018-2020 (Photo: VNA)
Hanoi (VNA) – Hanoi plans to promoteauctions of land use rights from now to 2020 in order to make effective use ofland fund and meet the increasing demand of businesses and people.
The move is expected to increase the localbudget and create more capital sources for investment in buildingsocio-technical infrastructure systems and implementing the national programmeon developing new rural areas.
According to the plan of the municipal People'sCommittee, the city hopes to collect over 53.5 trillion VND (2.3 billion USD)to the budget from auctioning 677.36 hectares of land in 2018-2020.
Particularly, in 2018, some 193.41 hectares of land will be auctioned, rakingin more than 13.7 trillion VND (602.1 million USD).
In 2019, Hanoi plans to auction nearly 197 hectares of land, earning over 15.9trillion VND (698.8 million USD).
About 286.9 hectares of land will be auctioned in 2020, grossing over 23.8trillion VND (1.04 billion USD).
The total expenses for land clearance and technical infrastructure constructionbetween 2018 and 2020 are estimated over 17.5 trillion VND (769.1 million USD).
Hanoi earned over 7.9 trillion VND (347.2million USD) from auctioning land-use rights last year, pushing the totalrevenue it earned from land up to 37 trillion VND (1.6 billion USD).
Land-related revenue, including land leases, land fees and land auctions,accounted for 15 percent of the city’s total budget in 2017.
More than 1.53 million land plots, 98.74 percent of which in the city, have nowbeen declared and certificated.
Certifications were granted to land users of over 196,000 land plots, the usageof which was declared for the first time last year.
In 2017, the municipal authorities approved over 2,000 projects on landeviction, land allocation, land lease or changes in land-use purpose. Theprojects cover a total area of nearly 8,000 hectares.
More than 700 hectares of rice, protected forest and special use forest wereshifted for other purposes, while over 300 hectares of service land wasallocated to nearly 39,000 families for management and use.-VNA
Land clearance remains one of the toughest obstacles for the construction of many national projects, officials of the transport industry stated on November 12 in an online discussion on progress and quality of transport construction.
Chairman of Hanoi People’s Committee Nguyen Duc Chung is asking relevant agencies to speed up the issuance of land-use rights certificates in the city.
Hanoi has asked relevant agencies to speed up the issuance of land use right certificates to individuals and organisations in the city so as to finish the work by the end of June this year.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
The city hopes to collect over 53.5 trillion VND (2.3 billion USD) to the budget from auctioning 677.36 hectares of land in 2018-2020 (Photo: VNA) 
