On February 11th, the Vietnamese government officially approved the plan to launch a state-run real estate exchange. The country is establishing a single "digital window" through which transactions will be processed. The platform is expected to be operational in test mode by February 28th.
Key Changes: The Market Becomes Transparent
The main goal of the exchange is to make the real estate market open and understandable, to minimize speculation and legal risks for buyers.
- Legal Clarity: To list a property on the exchange, the developer is required to confirm the availability of a complete package of documents. This guarantees that the project is being built legally and has all the necessary permits (for construction, land use, etc.).
- Digital Property Passport: Starting March 1, 2026, each real estate unit will be assigned a unique electronic code. The transaction history and current status of the property will be available in a single database using this code.
- Price and Tax Control: The platform will allow tracking of real market prices. This will help eliminate the practice of understating values in contracts and make tax calculations transparent and predictable.
Information for Foreign Investors
The reform makes the Vietnamese market more understandable for foreigners, while strengthening control over the quality of projects.
- Access to Trading: Although the initial launch is focused on the domestic market, the government is preparing mechanisms for the participation of non-residents. Since the beginning of February, rules have already come into effect that allow foreigners to trade shares of Vietnamese companies through accredited global brokers. It is expected that a similar scheme will be implemented for the real estate market.
- Developer Verification: For investors, the exchange will become the main audit tool. Now there is no need to independently understand the intricacies of local law - all information about the stages of construction and licenses of developers will be disclosed in the system.
- Quota Monitoring: The basic rules for foreigners(50-year lease and a 30% quota per project) remain in force. But now the exchange will allow real-time viewing of the remaining free quotas in a particular residential complex.
Part of a Global Plan
In addition to real estate, the government has also ordered the launch of platforms for trading gold and cryptocurrencies by the end of February 2026. This is part of a strategy to create an international financial center in Vietnam to attract capital from global institutions and funds.
The country aims to achieve "Emerging Market" status by September 2026, and a transparent real estate market is a crucial step in this plan.