Vietnam's real estate market is at a pivotal moment of reform. There are a series of new regulations that have been issued to regulate this sector, with the issuance of Notice No. 294/TB-VPCP on June 9, 2025, the government has signaled a decisive move to overhaul the market's operational framework. On October 8, 2025, the Government […]
Vietnam's real estate market is at a pivotal moment of reform. There are a series of new regulations that have been issued to regulate this sector, with the issuance of Notice No. 294/TB-VPCP on June 9, 2025, the government has signaled a decisive move to overhaul the market's operational framework.
On October 8, 2025, the Government issued the Resolution 316/NQ-CP, which requires urgently piloting the mechanism of the Real Estate and Land Use Rights Transaction Center. This directive assigns the Ministry of Construction, in coordination with the Ministry of Natural Resources and Environment, to urgently research and develop a state-managed "Real Estate and Land Use Rights Transaction Center" operating on an electronic platform.
This initiative is a strategic solution aimed at resolving long-standing issues within the real estate sector. The core objective is to enhance transparency, prevent tax revenue loss, and curb speculative behavior.
Given the real estate market's significant contribution to the national economy, impacting its entire production chain, capital markets, credit, and labor, the introduction of an electronic real estate exchange is expected to foster a healthier and more sustainable development environment.
According to Việt Nam News (2025), the government is set to pilot a state-run online property trading center to bring greater transparency to the market.
Key Takeaways
- Decisive Government Directive: The government has officially tasked the Ministry of Construction and related agencies with building a state-managed electronic real estate exchange to ensure market transparency.
- Three-in-One Objective: The exchange aims for three primary goals: making prices and assets transparent, combating property tax evasion, and preventing speculative activities that create "virtual price levels."
- Linked to Social Housing Policies: This initiative is directly connected to efforts to increase access to affordable housing and social housing, especially through the VND 120,000 billion credit package and new support policies for first-time homebuyers.
- Driving Administrative Restructuring: The exchange is part of a broader reform agenda, targeting a 30% reduction in processing time and compliance costs for administrative procedures.
Why Vietnam Is Moving Toward An Electronic Real Estate Exchange
From Manual Transactions To Transparent Digital Management
For years, Vietnam's real estate sector has operated largely through manual, paper-based processes. The absence of a unified national database has created numerous loopholes.
These inefficiencies have fueled speculation, price inflation, and the creation of "virtual price levels," distorting the market and pushing housing prices beyond the reach of many.
Addressing Critical Market Imbalances
One of the market's biggest challenges is the severe structural imbalance in its housing supply. Specifically, there is a surplus of high-end properties like villas and townhouses, contrasted by a severe shortage of housing suitable for the budgets of workers and young people.
A state-managed electronic exchange will provide accurate data, enabling the government to formulate more effective government policies and ensure social housing development programs reach their intended beneficiaries.
Tackling The Root Causes Of High Housing Prices
The government's directive also calls for an urgent review of the factors driving up housing prices. The core reference identifies several immediate causes that need to be addressed, including:
- High land prices
- The rising cost of raw materials
- Volatile loan interest rates
What The Electronic Real Estate Exchange Will Be
Definition And Key Features Of The Digital Platform
The state-managed electronic real estate exchange is modeled after a stock exchange, acting as a centralized platform where all real estate property transactions are executed and recorded.
Key functions will be integrated into a single system, including:
- Digital property registration
- Online notarization
- Automated property tax calculation and payment
- Direct linkage with financial institutions for mortgage processing
State-Managed Model Versus Private Real Estate Platforms
It is crucial to distinguish this official exchange from existing commercial real estate websites. As reported by The Investor (2025), Vietnam's Ministry of Construction has been planning mechanisms like real estate exchanges to improve market transparency sustainably. This new platform will automatically enforce compliance with every regulation.
The Government’s Directive And Policy Roadmap
A Multi-Faceted Approach To Reform
The government leader has set a specific deadline: A report on the pilot project model must be submitted to the Prime Minister by June 2025. This project aligns perfectly with national administrative reform goals, aiming for a 30% reduction in processing time and compliance costs.
In parallel with this initiative, the government is taking a multi-pronged approach to resolve existing bottlenecks. This includes a thorough review of stagnant projects under Steering Committee 751 (established by Decision No. 751/QD-TTg).
The Government also issued Decree No. 94/2024/ND-CP dated August 1, 2024, detailing a number of articles of the Law on Real Estate Business on the construction and management of information systems and databases on housing and the real estate market.
The Ministry of Construction is currently soliciting comments on the draft Decree on the construction and management of information systems and databases on housing and the real estate market.
Comprehensive Regulatory Review
A key part of the directive is the immediate review and amendment of unsuitable or conflicting regulations that increase development costs. Specific examples cited for review include standards related to:
- Planning
- Parking space requirements
- Fire prevention and safety
Furthermore, the Ministry of Natural Resources and Environment will coordinate with the Ministry of Construction to review the Land Law for consistency and evaluate the efficiency of site clearance processes, comparing state-led versus enterprise-led approaches.
How The Exchange Could Transform Vietnam’s Real Estate Market
For Policymakers, Investors, and Developers
Real-time transaction data will allow policymakers to monitor market trends accurately and implement timely interventions. For investors, a digitized transaction process will be faster and more secure.
According to a World Bank report on Digital Government Transformation in Vietnam (2024), such digital platforms can increase efficiency, trust, and citizen and business satisfaction, which are essential for attracting investment.
For Citizens And Homebuyers
A transparent market will curb price gouging and help housing prices reflect their true value. The exchange will also be an effective tool for implementing housing support policies, such as the VND 120,000 billion credit package for social housing and newly researched support policies specifically for first-time homebuyers and young people.
The Government has issued an amended Decree No.261/2025/ND-CP, raising the income ceiling for purchasing social housing from October 10, 2025, for that, more people will have the opportunity to buy social housing in the near future.
Integration With The Financial And Credit System
The State Bank of Vietnam (SBV) will direct commercial banks to focus credit flows toward housing projects with appropriate prices, supporting market stability and the national 8% economic growth target. Decision 2690/QD-NHNN in 2024 listed 17 commercial banks that will apply a housing support loan interest rate of 4.7%/year in 2025.
Data from the exchange will serve as an objective reference for banks to appraise collateral values, improving credit risk management and helping to stabilize interest rates.
The Future Of Vietnam’s Real Estate Governance
The electronic exchange is a foundational step toward a larger vision: a unified National Real Estate Database ecosystem. The vision for 2030 is a National Real Estate Information Portal where all property-related information is easily accessible.
The government's directive is a powerful statement of its commitment to building a fair and efficient real estate market. This initiative is a critical step that aligns with Vietnam’s digital reform agenda and its efforts to achieve sustainable development and robust economic growth.
Frequently Asked Questions
1. What is the main purpose of this electronic real estate exchange?
Its main purpose is to create a centralized, state-managed platform to ensure all property transactions are transparent. This helps the state manage the market, combat property tax evasion, prevent speculation, and protect all parties involved.
2. How is this exchange different from current real estate websites?
Current websites are primarily for marketing and listings. The state's electronic exchange will be for executing legally binding transactions, integrating processes like notarization, tax payment, and land registration with official, government-recognized data.
3. When will this exchange be implemented?
A pilot project model will be reported to the Prime Minister by June 2025. After a pilot and evaluation phase, the project will be rolled out on a larger scale according to a government-approved roadmap.
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