HN to collect VNĐ10 trillion from auctioning land

Hà Nội will auction land use rights of more than 102ha of land in 2017. – Photo Vietbao.vn

HÀ NỘI – The capital city plans to collect VNĐ10 trillion (US$444.5 million) from auctioning land use rights this year.

Under plan No 14/KH-UBND of the municipal People’s Committee, more than 102ha of land will be auctioned in total, including nearly 57.5ha comprising 68 projects.

The city will spend an estimated VNĐ948 billion in clearing land and developing technical infrastructure for projects with area from 5,000sq.m.

The People’s Committee said the land use rights auctioning was aimed at exploiting efficiently the land resource and raising capital for social and technical infrastructure development.

In 2016, Hà Nội collected more than VNĐ4.2 trillion from auctioning more than 23.8ha of land. – VNS

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