The development, management and use of the housing and real estate market system

25/07/2022
On June 29, 2022, the Government promulgates a Decree developing, managing and using housing and real estate market information system.
The Decree prescribes the development, management and use of the housing and real estate market system; responsibilities and powers of agencies, organizations and individuals in the development, management and use of the System; responsibilities and powers of agencies and organizations in connecting, sharing, publishing information and data on the System.
The Decree applies to agencies, organizations and individuals relative to the development, management and use of the System.
The System includes: Database on housing and real estate market; Information technology technical infrastructure on housing and real estate market; Software system for management, operation and collection of information on housing and real estate market.
The System is developed uniformly throughout Vietnam to share and provide basic information about housing and the real estate market to agencies, organizations and individuals for the state management and publication of statistics on housing and the real estate market in order to meet requirements of socio-economic development.
Database on housing and real estate market is a collective of basis information and data on housing and real estate market collected, checked, evaluated, handled, digitalized, integrated and stored systematically and organizationally under files stored on technology systems, archival equipment or transmitters to be able to update, manage and collect via the information technology system in order to serve state management, socio-economic activities and ensure the right to access the information as prescribed by laws.
Database on housing and real estate market includes:
- National database on housing and real estate market is a collective of information and data on housing and real estate market in the national scale consolidated from local databases on housing and real estate market and information shared and provided from national programs of investigation into housing by relative ministries and central authorities. The Ministry of Construction of Vietnam is responsible for development, storage and management of the national database on housing and real estate market;
-  Local database on housing and real estate market is a collective of all basic information and data on housing and real estate market consolidated from the data and information of provinces and central-affiliated cities. The People’s Committees of provinces and central-affiliate cities are responsible for development, storage and management of the local database on housing and real estate market.
The development, management, operation and use of the system must be implemented according to the following principles:
-The system must be developed and managed uniformly from central authorities to local authorities in compliance with national technical standards and regulations on application of information technology to state authorities to ensure scientific and advantageous operation and use of it.
- Database on housing and real estate market must be provided promptly to serve state management, socio-economic development and national security.
- Information and data on housing and real estate market must be collected, update, maintained and used in a manner of honesty, objectivity, publication, transparency and accessibility.4. Information and data on housing and real estate market must be operated and used for the right purposes in accordance with regulations of current laws on operation and use of information and data.
If agencies, organizations and individuals are complying with Decree No. 117/2015/ND-CP dated November 12, 2015 of the Government of Vietnam on the date on which this Decree comes into force, amendments to and update of information and data must be made as prescribed in this Decree. If the declaration software is still not completed and updated to the date that this Decree takes effect, Agencies, organizations and individuals shall report in writing.
The Decree comes into force from August 15, 2022. The Decree replaces Decree No. 117/2015/ND-CP dated November 12, 2015 of the Government of Vietnam on developing, managing and using the system.
Ministers, Heads of ministerial agencies, Heads of Governmental agencies, Presidents of the People's Committees of provinces and central-affiliated cities, relevant agencies, organizations and individuals are responsible for implementation of this Decree.