Hanoi controls the land auction, reviews the risk of the real estate bubble
On August 26, 2022, Hanoi People's Committee issues Official Dispatch No. 2807/UBND-TNMT on strengthening the land management in the City.
Accordingly, Hanoi People's Committee requires the Department of Natural Resources and Environment, and relevant departments to evaluate, and review the risk of the real estate bubble and strengthen the management of the real estate market.
At the same time, strictly manage and control from the phase of setting up the dossier for land auction, appraise and approve the plans on land acquisition and clearance to prepare the land fund for auction.
Especially, concentrate on reviewing, investigating, and evaluating the activities of consultation organizations that are reputable, responsible, and law-abiding in the land auctions.
The information disclosure of the annual auction project and plan must be approved to ensure transparency and create favorable conditions for people who have demands on land…
