Is it necessary to remove the paper pink book?

(NLDO) - Asset management through paper pink books is revealing many limitations such as loss, falsification of documents, and cumbersome administrative procedures.

The Ho Chi Minh City Institute of Natural Resources and Environment Economics recently sent a petition to the Prime Minister, the Ministry of Agriculture and Environment, and the Ho Chi Minh City Party Committee on replacing paper pink books with digital versions.

According to the Director of the Institute of Natural Resources and Environmental Economics , this proposal comes from the spirit of Resolution 57 on national digital transformation and the Land Database Project of the Ministry of Agriculture and Environment. In addition, current practice shows that asset management through paper pink books is revealing many limitations such as loss, falsification of documents, cumbersome administrative procedures and lack of transparency in transactions.

Issuing electronic pink books, integrating identification encryption to replace traditional paper documents not only helps manage more effectively but also increases publicity and transparency in land-related transactions.

Most experts and businesses agree with the proposal to digitize pink books.

Talking to us, an expert in the field of finance and technology said that integrating land plot information and maps into the VNeID citizen identification application will bring many benefits. People will find it more convenient to transact; state agencies will also find it easier to manage planning, collect taxes and prevent fraud. Digitalization helps save time and costs, and is also in line with the trend of electronic notarization and digital government development.

However, this expert also noted that the major challenge today lies in the lack of uniformity in the land database. The fragmented and incomplete data, along with unresolved disputes, require synchronous adjustments from the legal system, technical infrastructure, and people's habit of using traditional documents.

From a technology expert's perspective, Mr. Phan Duc Nhat, Chairman of Coin.Help & BHO Network, commented that digitizing the pink book is a revolutionary step in the context of strong digital transformation. He cited that this management model has been successfully deployed in some countries such as Estonia and Singapore, where the real estate management system has been intelligently connected with technologies such as blockchain, artificial intelligence (AI) and the Internet of Things (IoT).

Digitalization makes all information about ownership, transaction history and legal status of the property clear and transparent. This will help reduce the risk of fraud, limit disputes and promote safer and faster real estate transactions. Instead of processing a series of manual documents, people and organizations only need a few operations on the digital platform to conduct transactions, buy, sell or mortgage.

According to this expert, digitized data also paves the way for the application of Big Data analysis and AI in asset valuation, helping investors and management agencies make more accurate decisions, minimizing speculation and manipulation of real estate prices. When the market operates on a transparent and fair basis, development will be more stable and sustainable.

However, to realize this solution, the Government needs to continue to invest heavily in technology infrastructure, improve the legal framework and ensure information security. If the above challenges are thoroughly resolved, the digitization of pink books will contribute to modernizing the real estate market, improving management efficiency and creating a foundation for long-term development.

As someone who regularly comes into contact with real estate documents, Mr. Vo Hong Thang, Deputy General Director of DKRA Group, also strongly supports the proposal to abolish paper pink books. Because integrating pink books with personal identification codes such as CCCD or VNeID not only helps save costs but also synchronizes data, supporting the State in regulating the market, controlling assets and managing taxes more effectively. People also only need to enter the code to access full information about the property, thereby increasing transparency and convenience in transactions.

However, Mr. Thang emphasized that in order to successfully implement, Vietnam needs to carefully prepare technical infrastructure, including management software and a synchronous database system. At the same time, it is necessary to build a specific conversion roadmap to avoid causing bottlenecks that affect economic activities and people's rights. Mobilizing domestic technology enterprises to participate is a key solution to successfully implement the pink book digitization program.

Source: https://nld.com.vn/co-can-thiet-bo-so-hong-giay-196250528145722741.htm