What is national database on real estate market in Vietnam?
What is national database on real estate market in Vietnam? What are regulations on local database on real estate market in Vietnam?
Please advise according to latest regulations. Thankyou.
1. What is national database on real estate market in Vietnam?
Pursuant to Article 10 of Decree 44/2022/ND-CP (effective from August 15, 2022) stipulating national database on real estate market, specifically as follows:
1. The system of legislative documents on land shall be issued under competence of the National Assembly, Government of Vietnam, ministries and central authorities.
2. 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 hereof.
3. 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 hereof.
4. 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 hereof.
5. Other information or data related to real estate market includes:
a) Information about credit balance for real estate trading;
b) Information about foreign direct investment (FDI) in real estate trading;
c) Information about the issuance of corporate bonds related to real estate trading.
2. What are regulations on local database on real estate market in Vietnam?
In Article 11 of Decree 44/2022/ND-CP (effective from August 15, 2022) stipulating local database on real estate market:
1. The system of legislative documents on the real estate market shall be issued under competence of local authorities.
2. Information or data on real estate projects and their transactions in a particular area is prescribed in Article 12 hereof.
3. Information or data on transfer, purchase or sale of properties via real estate exchanges in the given area and tax on transfer of properties is prescribed in Article 13 hereof.
4. Information or data on a real estate brokerage certificate granted in a given period:
a) Number of Decision on issuance of the certificate;
b) Number of the certificate;
c) Full name, date of birth and permanent residence’s address of the person has the real estate brokerage certificate granted to.
5. Information or data on foreign direct investment (FDI) in real estate trading in the given area.
Best Regards!
