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Prime Minister has issued hot directives on land auctions to prevent profiteering and disrupt the market

(PLO) – The Prime Minister asked the provinces to review the organization of land auctions in the area, quickly detect and strictly handle violations, and prevent actions to take advantage of land auctions for personal gain.

Prime Minister Pham Minh Chinh has just signed Official Release 82/2024 directing relevant agencies to immediately correct the auction of land use rights.

The Prime Minister’s telegram clearly states: Recently, the Government and the Prime Minister have directed and issued documents detailing the implementation of the Land Law 2024, effective from 1 August 2024, which ‘ include: regulations on the sale of land use rights. some local We organized a successful auction of land use rights, contributing to additional income for the local budget.

However, some price issues won the land auction many times higher than the starting price, especially in some unusually high cases reported by large media organizations, attracting a lot of public attention. association. According to the Prime Minister, this could affect socio-economic development, investment and business environment and housing and real estate markets.

Prime Minister Pham Minh Chinh issued a telegram ordering relevant agencies to quickly correct the auction of land use rights. Photo: VGP

To improve the efficiency and effectiveness of land management, healthy real estate market, and promote development economy – society, the Prime Minister asked the Chairman of the People’s Committees of the provinces and the cities to instruct organizations and functional units to review the organization of land use rights auctions in the area to ensure legality, openness and transparency.

Through timely review, detection and strict handling of cases of violation of legal regulations in land use rights auctions, prevent activities from taking advantage of land use rights auctions for profit, causing chaos in the market.

The Prime Minister assigned the Ministry of Natural Resources and the Environment to review and quickly investigate the auction group on land use rights for cases with unusual displays, and deal with cases of violations of legal regulations according to the authority at the auction of land use rights.

At the same time, quickly detect deficiencies in legal regulations to advise and recommend to competent authorities to changemodify, add, prevent a benefit from occurring; Handle and recommend plans to deal strictly with the act of exploiting the auctions of usage rights to cause market disturbance. This matter must be reported to the Prime Minister by 30 August 2024.

The Minister of Construction has been assigned to conduct a special investigation and assessment of the impact of recent land use rights auction results, especially cases with unusually high auction results, many times higher than the starting price and housing price levels, to the housing market (supply and demand), real estate. “The Ministry of Construction proactively manages and solves according to its authority and has effective solutions or recommends solutions to limit negative effects (if any), reports to the Prime Minister. ” – said the telegram.

The Prime Minister also asked the authorities to direct units and regions to strengthen their understanding of the situation, quickly detect, prevent, and strictly handle violations of legal regulations in rights auctions land use, especially collusive actions to manipulate the market, raising prices to create an unhealthy and unrealistic market for personal gain.

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