Decree No. 357/2025/NĐ-CP on the construction and management of the information system and database for housing and the real estate market has been issued by the Government and will take effect from March 1, 2026.
According to this decree, each real estate product, such as individual houses, apartments, and construction projects, will be assigned a unique electronic identification code.
The People’s Committees at the provincial level are responsible for collecting, standardizing data, and uploading it to the information system and database for housing and the real estate market. This system is managed by the Ministry of Construction.
Regarding the electronic identification code for real estate, Mr. Trần Khánh Quang, CEO of Viet An Hoa Real Estate Investment JSC, likened it to issuing a “birth certificate” for real estate.
From March 1, every real estate property will have an electronic identification code. Photo: Anh Phương |
Mr. Quang stated that the assignment of identification codes will help government agencies manage transactions more effectively. This is also the first step toward market transparency, as it clearly identifies a property’s location and area.
Regarding the benefits of real estate identification, Mr. Quang highlighted that the primary advantage is eliminating legal ambiguity, which is a significant concern for homebuyers.
Once a property has an identification code, citizens can easily access essential information such as planning details or transaction history. This transparency will help eradicate “ghost” projects and protect buyers from fraud risks.
“This foundational data is crucial for government agencies to implement timely market regulation policies. Additionally, it could serve as a basis for considering taxation on second or subsequent properties,” the real estate expert noted.
From a legal perspective, lawyer Nguyễn Đăng Tư (Ho Chi Minh City Bar Association) emphasized the need to clarify the legal nature of real estate identification codes. These codes are technical tools for identifying and managing asset information digitally, not for establishing ownership or land use rights.
Without clear legal provisions, misunderstandings may arise, leading individuals or organizations to confuse data management value with legal rights over real estate.
According to lawyer Nguyễn Đăng Tư, another issue is the accuracy and synchronization of data. Legal liability for inaccurate electronic data is also a significant question.
“If citizens rely on information from the identification system for transactions and subsequently suffer losses, who will be held responsible: the data management agency, the system operator, or the user?” he questioned.
Anh Phương
– 14:28 09/01/2026
Every Property to Receive a Unique Digital Identifier Starting March 1st
From March 1, 2026, all real estate properties, including single-family homes, apartments, and project units, will be assigned a unique electronic identification code.
Ministry of Construction: Tightening Real Estate Broker Regulations and Enhancing Market Transparency to Cool Down Property Prices
According to the Ministry of Construction, the surge in housing and land prices, as well as real estate values, over the past period can be attributed to multiple factors. Among these, speculative activities and price manipulation by brokers have played a significant role, artificially inflating the market.
Finalizing the 2% Property Transfer Tax: Key Issues and Implications
Under the newly amended Personal Income Tax Law, passed by the National Assembly on December 10th, the tax on real estate transfers remains in effect. It is calculated based on the sale price (x) at a rate of 2%, consistent with current regulations.
Is Real Estate Price Manipulation Grounded Enough for Criminal Law Frameworks?
Colonel Pham Hai Binh, a senior lecturer at the Economic Police Department of the People’s Police Academy, stated that while the Penal Code does not currently include a specific offense for inflating real estate prices, such behavior can be examined under the lens of fraud, market manipulation, or dissemination of false information to disrupt the real estate market.
Elevating Governance Practices: A Must for Businesses Aiming to Scale Up
Vietnam’s current legal framework on corporate governance is considered relatively comprehensive and aligned with regional and international standards. However, the practical implementation of corporate governance in publicly traded companies remains limited.
