Hanoi is expected to earn more than VND23.67 trillion from the auction of land use rights of 446 projects with a total area of more than 177 hectares in 2021.

The Hanoi People’s Committee has assigned the Department of Natural Resources and the Environment to set up a taskforce to inspect farmstay projects and deal with land law violations.

VietNamNet Bridge - The total assets of the state in the national database by December 31, 2015 were valued at VND1,031,313.82 billion.

VietNamNet Bridge - According to the Minister of Natural Resources and Environment--Nguyen Minh Quang, many businesses have made fat profit from urban land acquisition due to loosened management.

The lack of investment capital and gloomy domestic market have brought golden opportunities to foreign investors to buy real estate projects for knock-down prices.

VietNamNet Bridge - Poor tax administration prevents the expansion of the land tax. Typically, land tax can generate large revenues for local budgets, while in Vietnam, this number is very low.