To use personal identification number for housing and real estate business procedures in Vietnam

To use personal identification number for housing and real estate business procedures in Vietnam (Illustration)

Specifically, Clause 2, Article 4 of Decree 30 provides as follows:

Where Vietnamese citizens are issued with personal identification numbers and the national population database and databases on investment registration and enterprise registration are connected and put into operation,

-  Personal identification numbers may be used in place of identity documents for procedures concerning housing and real estate trading according to regulations of law on housing and real estate trading.

- Identity documents include copies of identity cards, passports and other identity documents)

In addition, the Article of Vietnam's Decree 30/2021/ND-CP also clearly states a number of transitional regulations from the date of Decree 30/2021/ND-CP, for example as follows:

- In case a housing construction project owner has not collected sufficient funding for maintenance of the shared area of their apartment building as per the law by the entry into force of this Decree (March 26, 2021), the owner shall open a funding account according to regulations of this Decree to deposit the collected amount and notify the buyers and tenants that they are required to deposit their shares to this account; the owner responsible for maintenance funding provision shall close this account and transfer this funding in full to the management board of their apartment building as prescribed by law.

- For application for handling of an area adjacent to a state-owned house facing a street and appropriate for business, if the competent authority has yet to issue a decision on pricing of this area by the entry into force of this Decree (March 26, 2021), land levy shall be calculated based on the factor k according to regulations of this Decree; if the competent authority issues a pricing decision before the entry into force of this Decree, land levy shall be calculated as per this decision.

More details can be found in: Vietnam's Decree 30/2021/ND-CP effective from March 26, 2021.

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