Lac Viet online auction: seven sua trees achieve nearly VND 235 billion

The 10 August 2021 auction offers a real-world operating example of the Lac Viet platform developed in partnership with Digital Innovation.

A high-value asset auction

Dan Tri reported that Lac Viet auctioned seven liquidated sua trees belonging to the Government Office online on 10 August 2021. The combined winning price was VND 234,942,820,000, excluding VAT.

For DION, this provides a concrete setting for understanding how a digital platform enters specialist operations. A product’s value goes beyond design and demonstrations to its use in actual workflows.

Built alongside a domain partner

Digital Innovation developed the online auction platform with strategic partner Lac Viet. Auction expertise and software engineering complement each other in this collaboration to create a specialist product.

A high-value auction gives information presentation and user interaction a specific context. Engineers need to understand how participants access asset details, follow proceedings and complete platform steps, rather than treating the system as a website that merely publishes listings.

Delivery experience grounded in actual use

The auction result belongs to the organizer’s and asset owner’s activities. For DION, the relevant milestone is the operating context of the system developed with its partner: technology supporting a process with clear specialist requirements.

Such use cases reinforce DION’s product approach: connect engineering with operational needs, work with domain experts and continue refining solutions through their use.

Source reporting