National Database on housing and real estate market in Vietnam

National Database on housing and real estate market in Vietnam (Internet image)

Regarding this issue, LawNet would like to answer as follows:

1. What is database on housing and real estate market?

According to Clause 1, Article 5 of Decree 44/2022/ND-CP, database on housing and real estate market is a collective of basis information and data on housing and real estate market collected, checked, evaluated, handled, digitalized, integrated and stored systematically and organizationally under files stored on technology systems, archival equipment or transmitters to be able to update, manage and collect via the information technology system in order to serve state management, socio-economic activities and ensure the right to access the information as prescribed by laws.

2. National Database on housing and real estate market in Vietnam

2.1. National database on housing in Vietnam

Specifically, Article 7 of Decree 44/2022/ND-CP stipulates the national database on housing as follows:

- The system of legislative documents on housing and land that are promulgated by the National Assembly, Government of Vietnam, ministries and central authorities.

- Data, results and reports of national programs of investigation and statistics of housing.

- National information, data of the Program and Plan of housing development and its results are consolidated from local databases on housing prescribed in clause 3 Article 8 of Decree 44/2022/ND-CP.

- National information and data on the fluctuation related to the management and use of housing and land are consolidated from local databases on housing prescribed in clause 4 Article 8 of Decree 44/2022/ND-CP.

2.2. National database on real estate market in Vietnam

The local database on housing include:

- The system of legislative documents on land shall be issued under competence of the National Assembly, Government of Vietnam, ministries and central authorities.

-. National information or data on real estate projects and their transactions thereof is consolidated from local database on real estate market as prescribed in clause 2 Article 11 of Decree 44/2022/ND-CP.

- National information and data on tax on transfer of properties and transfer of properties via each specific real estate exchange is consolidated from local database on real estate market as prescribed in clause 3, Article 11 of Decree 44/2022/ND-CP.

- National information or data on real estate brokerage certificates is issued in a given period and consolidated from local database on real estate market as prescribed in clause 4 Article 11 of Decree 44/2022/ND-CP.

- Other information or data related to real estate market includes:

+ Information about credit balance for real estate trading;

+ Information about foreign direct investment (FDI) in real estate trading;

+ Information about the issuance of corporate bonds related to real estate trading.

(Article 10 of Decree 44/2022/ND-CP)

3. What is included in database on housing and real estate market? 

Specifically, in Clause 2, Article 5 of Decree 44/2022/ND-CP, database on housing and real estate market includes:

- National database on housing and real estate market is a collective of information and data on housing and real estate market in the national scale consolidated from local databases on housing and real estate market and information shared and provided from national programs of investigation into housing by relative ministries and central authorities.

The Ministry of Construction of Vietnam is responsible for development, storage and management of the national database on housing and real estate market;

- Local database on housing and real estate market is a collective of all basic information and data on housing and real estate market consolidated from the data and information of provinces and central-affiliated cities.

The People’s Committees of provinces and central-affiliate cities (hereinafter referred to as “the provincial People’s Committees”) are responsible for development, storage and management of the local database on housing and real estate market.

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