The government proposes raising auction deposits to as much as 50% of the starting price to curb abnormally high bids followed by deposit forfeiture. In Thanh Oai district, Hanoi (August 2024), only 13 of 68 plots had their winning bidders complete financial obligations, while all plots won at VND 80 million to over VND 100 million per square metre were forfeited. A more serious case in Sóc Sơn (late November 2024) led to criminal prosecution of six people who deliberately pushed up bids on 36 plots, causing losses of nearly VND 420 million. Lawyer Phạm Ngọc Thanh warned that such price manipulation could create land price levels without basis and push sale prices above reasonable value. Experts say a 20-50% deposit should be carefully assessed, as it may limit access for genuine buyers, while wealthy speculators can still meet it easily.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Đề xuất tăng tiền đặt cọc lên tới 50% để đấu giá đất có hạn chế bỏ cọc?
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Related tickers and likely impact
DXG
• NeutralBluemarq Group
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 12,808 bn VND |
| P/E | 66.7 |
| P/B | 0.90 |
| Close on 10/27/2026 | 10.00 |
| Change that session | -0.99% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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