Hanoi’s bustling real estate market is set to see a significant opportunity as the right to lease prime public office space at 32 Hào Nam, Đống Đa District, will be put up for auction in November 2025. This move, spearheaded by the Vietnam Institute of Culture, Arts, Sports and Tourism and facilitated by the Vietnam Auction Partnership Company, aims to ensure transparent and efficient utilization of state-owned assets through a modern online bidding process, offering potential tenants a 14-month lease in a sought-after location.
The asset, categorized as public property, encompasses office space located at 32 Hào Nam in Hanoi. This opportunity allows individuals and organizations to secure a 14-month lease, providing a relatively short-term but well-located operational base in the capital city. Auctions of public property lease rights represent a standard procedure for state agencies to manage their assets effectively, contributing to public revenue and promoting fair access to resources.
Key Auction Details
The upcoming auction, managed by the Vietnam Auction Partnership Company, details the following arrangements:
- Auction Organizer: The auction will be conducted by the Vietnam Auction Partnership Company, a registered asset auction organization. Their headquarters are located at Ô số 6, tầng 1, tòa nhà Sunrise IIA, NO2A, Sài Đồng Urban Area, Phúc Lợi Ward, Long Biên District, Hanoi. For inquiries, interested parties can contact them at 024.39842728.
- Asset Owner: The public property is owned by the Vietnam Institute of Culture, Arts, Sports and Tourism, a state-affiliated entity. Their official address is 32 Hào Nam, Ô Chợ Dừa Ward, Đống Đa District, Hanoi, Vietnam. This same address is where the auctioned office space is situated.
- Auction Date and Time: The live online auction is scheduled for Wednesday, November 12, 2025, running from 08:15 AM to 11:15 AM. Participants will place their bids through the dedicated online auction platform: online.daugiavietnam.vn.
- Starting Price and Deposit: The lease right for the 14-month term has a starting price range of 35,700,000 VND to 218,400,000 VND. To participate, bidders are required to submit a deposit ranging from 5,335,000 VND to 32,760,000 VND, depending on the specific lot or terms outlined in the auction regulations.
Registration and Participation Process
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Prospective bidders must adhere to specific timelines and procedures to ensure their eligibility and participation in this public auction:
- Registration Period: Registration for the auction opens on Monday, October 27, 2025, at 08:00 AM and closes promptly at 04:00 PM on Friday, November 7, 2025. This period excludes holidays.
- Deposit Payment Deadline: Deposits must be paid within the same window, from October 27, 2025, until 04:00 PM on November 7, 2025.
- How to Register: Bidders can register and submit their applications through multiple channels: directly via the online platform online.daugiavietnam.vn, at the headquarters of the Vietnam Auction Partnership Company, or at the premises of the Vietnam Institute of Culture, Arts, Sports and Tourism.
- Eligibility Criteria: All interested parties are required to meet the specific conditions outlined in the official auction regulations, which will be accessible upon registration.
This transparent online auction provides a structured opportunity for businesses and individuals to secure office space in a prime Hanoi location, reinforcing the efficient management of public assets.
