The National Assembly has passed three laws related to the real estate market: the 2023 Law on Housing, the 2023 Law on Real Estate Business, and the 2024 Land Law. These laws, together with their implementing guidelines, officially took effect and began to be implemented on August 1, 2024 (five months earlier than previously stipulated). For these three laws to work in practice and serve as effective tools for developing a stable, sustainable, and healthy real estate market that contributes to macroeconomic stability and maintains the economy’s major balances, the role of state regulatory agencies and the awareness of market participants are crucial.

In addition, as the real estate market develops, real estate trading platforms are gradually creating a transparent playing field for real estate investors and businesses and delivering benefits to market participants. However, the development of both the market and trading platforms requires rigorous and transparent legal regulations. This is why regulations on real estate business and other relevant regulations play an important role in ensuring fairness, safety, and stability and attracting considerable interest from market participants.

In response to these issues, National Economics University (NEU), in its role as an institution conducting research and providing advice on socioeconomic strategies and policies, has put forward the following policy recommendations:

Recommendation 1: Focus on removing barriers to land access for real estate investment projects in localities

Recommendation 2: Address funding difficulties in the market, with a view to mobilizing long-term and sustainable sources of capital for the real estate market

Recommendation 3: Enhance the transparency of land and real estate information and databases

Recommendation 4: Improve the organizational model for the system of privately operated real estate trading platforms

Recommendation 5: Introduce additional requirements and standards for real estate trading platforms

Recommendation 6: Improve mechanisms for overseeing and managing the operations of real estate trading platforms and the requirements for their reporting to regulatory agencies

Recommendation 7: Develop and issue regulations on online real estate trading platforms (electronic transactions on real estate trading platforms)

The policy recommendations above address new provisions in the three recently amended and enacted laws related to the real estate market, as well as the development of real estate trading platforms, helping create conditions for market stability.

Faculty members and researchers are invited to view the full policy recommendations from NEU HERE.

Media coverage of the recommendations:

Vnexpress: Recommendation to increase penalties for trading platforms that drive up real estate prices

Lao Dong: Removing obstacles to transparent real estate market development

Vneconomy: Transparency at private real estate trading platforms to prevent speculation and fraud

Investment Newspaper: NEU proposes seven recommendations for real estate market development

Public Opinion: Recommendation to delegate authority to provincial People’s Committees to convert commercial housing into social housing

Recommendation to limit excessive credit concentration in high-end housing projects

Vietnam News Agency: Policy recommendations for stable real estate market development

Business Forum: Increasing penalties for violations in real estate transactions. Prof. Dr. Pham Hong Chuong

Vietnam Financial Times: Proposal for lending criteria suited to different types of real estate

The Investor: Numerous recommendations concerning real estate trading platforms

Securities Investment: NEU proposes seven recommendations for real estate market development

Customs Magazine: Sustainability for real estate

Vietnam Business Magazine: Policy recommendations for stable real estate market development

Marketplace Magazine: Helping businesses access land and capital to develop the real estate market

Vietnam Securities Economics Magazine: Vietnam’s leading university in economics proposes seven recommendations to support stable and healthy real estate market development

This is an automated translation. If you notice any errors, please contact the Department of Communications, National Economics University at phongtruyenthong@neu.edu.vn.