Government eyes digital real estate trading
Government eyes digital real estate trading
The Ministry of Construction (MoC) says the government is pushing to digitise land-related procedures, allowing real estate transactions, including sales, notarisation, taxation, and registration, to be conducted online, much like stock trading
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The initiative is part of the government’s broader effort to clamp down on price manipulation and speculation in the property market while accelerating social housing development.
"In the near future, people will be able to buy, sell, and register property entirely online, creating a more transparent and efficient market," said a statement from MoC on February 17.
The ministry will work with the ministries of Justice, Finance, and Natural Resources and Environment in the second quarter of this year to study a stock market-style model for real estate transactions. The aim is to integrate and streamline digital procedures, making property deals faster and more secure.
The government is also considering a pilot scheme for a state-managed real estate and land use rights exchange.
"A centralised exchange will enhance market transparency and improve access to reliable property data," the ministry added. To support the transition, the ministry’s information centre is upgrading software systems, ensuring data interoperability, and strengthening cybersecurity protections.
Meanwhile, the Ministry of Public Security has been tasked with finalising a national housing database and linking it to other key databases, including those on population, notarisation, land ownership, investment, and construction. The system will provide real-time updates on real estate transactions, the legal status of projects, and unsold property inventories.
Under the Land Law 2024, Vietnam’s national land information system must be fully integrated across the country and serve multiple functions. The law mandates that the Ministry of Natural Resources and Environment and local authorities ensure the system is fully operational by the end of 2025.
As part of its broader oversight push, the MoC said it will step up inspections and take strict action against violations in the social housing sector, as well as property developments showing abnormal price spikes.
