Illustration: Tuan Anh/ VNA
The decree stipulates that the database on housing and the real estate market is constructed in accordance with the National Digital Architecture Framework and the local e-government architecture. Data sharing on housing and the real estate market among ministries, sectors, and localities to serve state management and administrative procedure handling shall be carried out following the Government’s regulations on the management, connection, and data sharing of state agencies and laws on electronic transactions.
The construction of the database on housing and the real estate market shall be carried out in accordance with the provisions on: Information and data collection; data sharing and provision; information and data reception, processing, and storage; and the time limit for sharing and providing information and data on housing and the real estate market.
According to the decree, information and data sources are collected from: periodic reports as prescribed; specialized databases, data on programs and plans for housing development; data and reports of programs for investigation and statistics on housing; and digitized data on housing and the real estate market.
The agency managing the housing and real estate market information system is responsible for receiving information and data shared and provided by agencies and organizations as prescribed to integrate into the database on housing and the real estate market.
The People’s Committees of provinces and centrally-run cities shall collect, update, and supplement local information and data on housing and the real estate market to promptly serve the work of management and socio-economic development.
The decree states that information and data sharing and provision among agencies and organizations shall be done online through the portal of the housing and real estate market information system (https://batdongsan.xaydung.gov.vn) according to the forms prescribed in the appendix attached to this decree.
Ministries, ministerial-level agencies, and sectors shall share and provide the following information and data:
The General Statistics Office shall share and provide information and data on housing according to the population and housing census data and the mid-term population and housing census data in Form 1.
The Ministry of Natural Resources and Environment shall share and provide information and data on the issuance of Land Use Right Certificates and ownership of assets attached to the land, synthesized from Form 2.
The Ministry of Planning and Investment shall share and provide information and data on foreign direct investment in the real estate business field; and the operation of enterprises with the business line of real estate business, including the contents specified in Form 5.
The State Bank of Vietnam shall share and provide information and data on credit balances for business activities in the real estate field according to Form 6.
The Ministry of Finance shall share and provide information and data on the issuance of enterprise bonds related to the real estate business field according to Form 7.
The General Department of Taxation shall share and provide information and data on taxes on real estate transfer activities according to Form 8…
Regarding the publication of information on housing and the real estate market, the decree states that synthesized information on housing and the real estate market shall be published on the portal of the housing and real estate market information system at the website https://batdongsan.xaydung.gov.vn.
In terms of subjects, scope of exploitation, and use, the decree stipulates that agencies participating in the construction and maintenance of the database on housing and the real estate market are allowed to exploit data within the scope of management of that agency. Data exploitation on housing and the real estate market beyond the scope of management must be approved by the agency managing the housing and real estate market information system.
State management agencies are requested to connect and share information on housing and the real estate market to serve state management, investigation, verification, and handling of violations of the law.
Agencies, organizations, and individuals, other than those mentioned above, have the right to request the sharing and provision of in-depth and detailed information on housing and the real estate market in accordance with the provisions of the Law on Access to Information…
This decree takes effect from August 1, 2024.
State Bank to Introduce Framework for Testing P2P Lending
The State Bank of Vietnam (SBV) has recently announced that several companies operating under the guise of P2P lending models have been taking advantage of people’s lack of knowledge to defraud and misappropriate their capital by misleadingly promising high profits.
