The Lam Dong Provincial Asset Auction Service Center has announced plans to auction mining rights for 36 mineral sites on February 20, 2025, with a total starting value exceeding VND 306.2 billion (approximately USD 12.5 million).
These sites, which have yet to undergo official mineral surveys, include 22 soil filling sites, 8 construction stone quarries, 5 construction sand sites, and 1 clay mine designated for brick and tile production.
High-Value Sites with Massive Resource Potential
Among the most notable locations is a construction stone quarry in My Duc Commune (Da Huoai District), estimated to contain up to 15.5 million cubic meters of resources, with a starting bid of VND 55.6 billion. Another major site is a soil filling area in Group 13, Cat Tien Town, which holds an estimated 16 million cubic meters and a base price of VND 35.6 billion.
Other key listings include:
A construction stone quarry in Lien Hiep Commune (Duc Trong District): estimated 5.8 million m³, starting price VND 21 billion.
A quarry in Ninh Gia Commune (Duc Trong District): estimated 5.1 million m³, starting price VND 18.3 billion.
All 36 mineral lots in the auction offer substantial potential, representing significant opportunities for companies in construction, infrastructure, and materials manufacturing.
Deposit Requirement and Market Outlook
In accordance with current regulations, bidders must place a deposit equivalent to 20% of the starting price for each lot. The total required deposit for all 36 sites surpasses VND 61 billion (approximately USD 2.5 million). This policy ensures that only financially capable and committed investors participate in the process.
Lam Dong, located in Vietnam’s Central Highlands, is considered one of the country’s most resource-rich provinces. Transparent public auctions not only boost provincial revenue but also attract interest from both domestic and foreign investors — especially as infrastructure development remains a national priority.
Opportunities and Challenges for Investors
With large reserves and competitive base prices, this auction presents valuable opportunities for businesses in mining and construction. However, investors should be aware of stringent environmental regulations, technical requirements, and the need for sustainable extraction strategies aligned with Vietnam’s green development goals.
Lam Dong’s upcoming auction could mark a pivotal moment in revitalizing the regional mining sector while balancing economic growth and environmental responsibility.
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