Funding for Investment in Housing Information Systems and Real Estate Market: Where Does It Come From?

15:25, 10/07/2024

On November 12, 2015, the Government of Vietnam promulgated Decree 117/2015/ND-CP on the construction, management, and use of the information system on housing and the real estate market.

funding for housing and real estate information system, Decree 117/2015/ND-CP

Illustration (source internet)

Decree 117/2015/ND-CP stipulates the funding for the construction of IT technical infrastructure, management software, operation, and exploitation of the information system; database construction and regular operation of the information system on housing and the real estate market at the central level; investigation and statistics on housing and the real estate market across many provinces and cities directly under the Central Government from development investment funds; regular expenditure sources guaranteed by the central budget according to state budget law and other sources as prescribed by law.

Additionally, funds for investigation, data collection, database construction, and regular operation of the information system on housing and the real estate market at the local level come from regular expenditures guaranteed by the local budget according to state budget law and other sources as prescribed by law.

This decree stipulates that the management agency of the housing and real estate information system is allowed to lease IT technical infrastructure to manage and operate the database, aiming to reduce investment costs and save the state budget. The leasing of IT technical infrastructure is implemented according to relevant legal provisions.

For more details, refer to Decree 117/2015/ND-CP, which comes into effect from January 1, 2016.

Thu Ba

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