The Ho Chi Minh City People's Committee has issued a plan to organize an auction of eight land lots covering a total area of more than 138,000 sq.m in the Thu Thiem New Urban Area, An Khanh Ward.

The auction is expected to enhance the efficiency of public land utilization and generate additional revenue for the city budget.

To ensure strict compliance with legal procedures, protocols, and jurisdiction regarding public land-use rights auctions as stipulated by land laws, the City People's Committee has tasked relevant departments and agencies with reviewing, advising, and finalizing legal procedures. The auction process for these eight eligible plots will be conducted across a four-stage roadmap:

Stage 1: Preparation for the auction in accordance with Clause 1, Article 229 of the Land Law.

Stage 2: Implementation of the land-use rights auction in accordance with Clause 2, Article 229 of the Land Law and the Law on Property Auction.

Stage 3: Official recognition of the auction results in accordance with Clause 3, Article 229 of the Land Law.

Stage 4: Finalization of procedures after the winning bidder completes their financial obligations, in accordance with Clause 5, Article 229 of the Land Law and Clause 9, Article 55 of Decree 102/2024/ND-CP.

The municipal Department of Agriculture and Environment (DAE)has been assigned to monitor and urge progress, as well as advise on procedures and decisions related to the auction, land allocation, and the issuance of land-use right certificates to the winning bidders.

The An Khanh Ward People’s Committee is responsible for drafting the land-use rights auction plan and submitting it to the DAE for appraisal before it is presented to the City People’s Committee for approval. Meanwhile, the HCMC Land Fund Development Center is tasked with organizing the auction and selecting a qualified auctioning service provider in accordance with regulations.