Land on the outskirts of Hanoi is hot during auction, Minister of Natural Resources and Environment requests strict punishment for price-inflating subjects

On November 24, the forum "Chairman of Vietnam Farmers' Union - Minister of Natural Resources and Environment listens to farmers speak" was held in Hanoi.

The event was organized by the Central Committee of the Vietnam Farmers' Union in coordination with the Ministry of Natural Resources and Environment (TN-MT) with the theme: "Unlocking land resources, aiming for NetZero goals, protecting the rural environment".

Minister of Natural Resources and Environment Do Duc Duy. Photo: BTC

At the Forum, Mr. Nguyen Manh Hieu, Chairman of the Farmers' Association of Phu Yen Commune, Phu Xuyen District, Hanoi, asked about the phenomenon of land auctions, pushing virtual land prices up.

According to Mr. Hieu, recently many localities such as Me Linh, Hoai Duc, Thanh Oai... have auctioned land use rights, including a very high land fever, in some places up to more than 100 million VND/m2.

“The land auction policy is correct, but there are also concerns that many people are taking advantage of this to inflate land prices, making it difficult for low-income households to buy land to build houses and separate land use certificates for their children,” said Mr. Hieu.

Mr. Dao Trung Chinh, Director of the Department of Planning and Land Resources Development, Ministry of Natural Resources and Environment, informed that this agency is conducting inspections and examinations of land auctions in a number of localities. If there are any violations, they will be made public and transparent.

Regarding land auctions, Minister of Natural Resources and Environment Do Duc Duy has proposed solutions to overcome difficulties and shortcomings, even cases of taking advantage of land auctions to inflate prices for personal gain.

Accordingly, he recommended that the Government direct localities to apply synchronous solutions to overcome and rectify land auction activities, and strictly handle those who take advantage of land auctions to inflate and profit.

In particular, localities need to strictly implement regulations on the Law on Auction, State assets, Law on Prices, and Land Law 2024.

Publicity, transparency, land use planning, urban planning, especially in the auction area; Reasonable adjustment of land prices in the land price list as a basis for valuation when auctioning land.

Along with that, localities need to strengthen solutions on land and housing supply that are suitable to the needs of the majority of people, with reasonable prices so that people can afford and buy, avoiding the imbalance in supply and demand of land and housing...

In the auction regulations, it is possible to stipulate a shortened time for submitting auction fees, and at the same time publicize cases of high bids that forfeit deposits, to avoid cases of profiteering.

In particular, strengthen inspection and strictly handle violations to overcome the recent situation in the suburban areas of Hanoi.

Source: https://nld.com.vn/dat-ven-ha-noi-sot-khi-dau-gia-bo-truong-tn-mt-yeu-cau-xu-nghiem-doi-tuong-thoi-gia-196241124123944878.htm