Headlines 31/10/2024 14:34 CH

Vietnam’s new administrative procedures concerning real estate business

Hạnh Nguyên

On October 4, 2024, the Ministry of Construction of Vietnam promulgated Decision No. 907/QD-BXD 2024 on the announcement of new and replaced administrative procedures concerning real estate business under the state management of the Ministry of Construction of Vietnam.

According to the Decision, the list of new administrative procedures concerning the real estate business under the state management of the Ministry of Construction of Vietnam includes:

(i) Central-level administrative procedures:

Registration of rights to utilize and use information and data on housing and the real estate market under the jurisdiction of the Ministry of Construction of Vietnam. Implementing authority: Ministry of Construction of Vietnam. Entities to perform the administrative procedure: organizations and individuals wishing to register rights to utilize and use in-depth and detailed information and data on housing and the real estate market.

(ii) Provincial-level administrative procedures:

- Issuance of operational licenses of real estate trading platforms. Implementing authority: Departments of Construction. Entities to perform the administrative procedure: organizations and individuals wishing to establish real estate trading platforms.

- Re-issuance of operational licenses of real estate trading platforms (in cases where licenses are lost, torn, burnt, destroyed, or damaged). Implementing authority: Departments of Construction. Entities to perform the administrative procedure: real estate trading platforms wishing for the re-issuance of licenses.

- Re-issuance of operational licenses of real estate trading platforms (in case of changing the information of the platforms). Implementing authority: Departments of Construction. Entities to perform the administrative procedure: real estate trading platforms wishing for the re-issuance of licenses.

- Notification of rights to use land with technical infrastructures in real estate projects eligible for being transferred to individuals for housing construction. Implementing authority: provincial People’s Committees. Entities to perform the administrative procedure: project investors.

- Registration of rights to utilize and use information and data on housing and the real estate market under the jurisdiction of provincial People’s Committees. Implementing authority: provincial People’s Committees. Entities to perform the administrative procedure: organizations and individuals wishing to register rights to utilize and use in-depth and detailed information and data on housing and the real estate market.

See more details in Decision No. 907/QD-BXD , effective as of October 4, 2024.

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Above are the summary and notification of new documents for customers of THU VIEN PHAP LUAT. For more information, please send an email to info@thuvienphapluat.vn.

 

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