HN to collect VNĐ10 trillion from auctioning land

Hà Nội will auction land use rights of more than  一0 二ha of land in  二0 一 七. – Photo Vietbao.vn

HÀ NỘI – The capital city plans to collect VNĐ 一0 trillion (US$ 四 四 四. 五 million) from auctioning land use rights this year.

Under plan No  一 四/KH-UBND of the municipal People’s Co妹妹ittee, more than  一0 二ha of land will be auctioned in total, including nearly  五 七. 五ha comprising  六 八 projects.

The city will spend an estimated VNĐ 九 四 八 billion in clearing land and developing technical infrastructure for projects with area from  五,000sq.m.

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

In  二0 一 六, Hà Nội collected more than VNĐ 四. 二 trillion from auctioning more than  二 三. 八ha of land. – VNS