The Ministry of Construction (MoC) announced that the Vietnamese government is working towards the digitalisation of land-related procedures, with the aim of enabling real estate transactions—including sales, notarisation, taxation, and registration—to be conducted online. This digital shift mirrors the efficiency of stock market trading, marking a significant modernization of the sector.
In a statement released on February 17, the MoC highlighted the long-term goal of creating a transparent and streamlined market by allowing citizens to complete property transactions entirely online. “In the near future, buying, selling, and registering properties will be possible entirely online, promoting greater transparency and market efficiency,” the ministry stated.
To ensure this transition, the MoC will collaborate with the Ministries of Justice, Finance, and Natural Resources and Environment. Together, they plan to explore a stock market-like model for real estate transactions, which is expected to be studied in the second quarter of 2025. The initiative aims to simplify digital procedures, making property deals both faster and more secure.
Furthermore, the government is considering launching a pilot program for a state-managed real estate and land use rights exchange, which could enhance market transparency. “A centralised exchange will provide greater access to reliable property data and improve transparency,” the MoC noted in their statement.
To support these digital efforts, the ministry’s information centre is working on upgrading its software infrastructure, ensuring that data can be easily shared between systems and bolstering cybersecurity measures to safeguard transactions.
In tandem, the Ministry of Public Security is finalising the creation of a national housing database. This system will integrate key data sources—including population records, notarisation documents, land ownership, investment, and construction—providing real-time updates on property transactions, project legal statuses, and available property inventories.
The national land information system, as mandated by the Land Law of 2024, must be fully operational by the end of 2025. This system will be a crucial tool for local authorities and the Ministry of Natural Resources and Environment to monitor land use across the country.
As part of its comprehensive oversight, the Ministry of Construction also vowed to intensify inspections and take stringent action against price manipulation and irregularities in the social housing sector and property developments showing abnormal price increases.
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