Hà Nội earns $349 million in land auctions
Hà Nội earned VNĐ7.955 trillion (US$349 million) from auctioning land-use rights last year, pushing the total revenue it earned from land up to VNĐ37 trillion ($1.62 billion). Land-related revenue, including land leases, land fees and land auctions, accounted for 15 per cent of the city’s total budget last year.
VNS Reporter
