Research on establishing an electronic real estate trading floor

The Government Office has just issued Notice No. 294/TB-VPCP dated June 9, 2025, summarizing the conclusions of the Standing Committee of the Government at the meeting on the real estate market situation.

According to the announcement, the real estate market plays a crucial role in the economy , closely linked to the credit market, labor market, supply chain, and especially social welfare – through housing and social housing for the people.

The government has directed that research be conducted on a model for an "Electronic Real Estate and Land Use Rights Transaction Center managed by the State."

Over the past period, the Government and the Prime Minister have continuously directed and assigned specific tasks to ministries and agencies to remove difficulties and promote the safe and sustainable development of the real estate market. According to a report from the Ministry of Construction, in the first months of 2025, the market recorded many positive signs, with supply and transaction volume increasing compared to the same period last year.

However, many problems still exist, such as an irrational product structure, a shortage of housing for low-income earners and young people; an oversupply of villas and low-rise houses; real estate and housing prices that are not in line with the affordability of those in need; and the continued existence of speculation, manipulation, price inflation, and market disruption...

To address these issues, the Standing Committee of the Government requests that ministers, heads of ministerial-level agencies, government agencies, and chairpersons of People's Committees of provinces and centrally-administered cities urgently review and clarify the causes of the increase in real estate prices (land prices, raw material prices, loan interest rates, etc.); and promptly develop plans to reduce the factors contributing to real estate price increases, improve accessibility to real estate, and increase supply.

Unnecessary and overlapping administrative procedures must be drastically reduced, with a minimum 30% reduction in time and cost, in accordance with Resolution 66/NQ-CP. Outdated, conflicting, or costly technical standards (such as regulations on planning, parking, fire safety, etc.) also need to be reviewed and amended.

The government specifically requested research into policies to support those with genuine housing needs, especially young people, in order to increase access to housing and ensure the constitutional right to housing.

One of the key tasks directed by the Government is to research a model for an "Electronic Real Estate and Land Use Rights Transaction Center managed by the State." The Ministry of Construction is tasked with leading and coordinating closely with the Ministry of Agriculture and Environment to implement this.

Accordingly, the entire process from real estate transactions, notarization, taxation, and land registration will be integrated into an electronic environment, similar to the stock market trading model, aiming to increase transparency, publicize information about assets and prices, reduce tax evasion, and facilitate effective management. The Ministry of Construction must report the results to the Prime Minister by June 2025.

In addition, the Ministry of Agriculture and Environment, in coordination with the Ministry of Construction, will review the regulations of the Land Law to ensure uniformity in state management of land, real estate, and housing; review regulations related to land clearance to align with the practical implementation of projects, including comparing and evaluating the effectiveness of land clearance work carried out by businesses and the state, and report to the Prime Minister in June 2025.

The State Bank of Vietnam has directed commercial banks to prioritize disbursing funds for affordable commercial housing projects, contributing to boosting credit growth and supporting the 8% growth target for 2025.

At the same time, continue researching and implementing a medium-term credit package with stable interest rates for affordable commercial housing; create more favorable lending mechanisms for young people who need to buy a house; and focus on effectively disbursing the VND 120,000 billion preferential loan program.

The State Bank of Vietnam needs to carefully review loans secured by real estate; ensuring accurate valuation, controlling risks, and strictly prohibiting any acts of complicity in manipulating or inflating prices that distort the market.

An Nhien

Source: https://doanhnghiepvn.vn/kinh-te/nghien-cuu-lap-san-giao-dich-bat-dong-san-dien-tu/20250611125030342