Decree 357/2025/ND-CP on building and managing information systems, databases on housing and the real estate market stipulates that from March 1, 2026, each real estate will be issued a separate electronic identification code.
Experts assess that digitizing and identifying each real estate is an inevitable direction, helping to form a complete profile for each real estate, from location, area to transaction history and ownership process. This is an important basis for management agencies to monitor market fluctuations in the long term.
In the early stages, this policy has not created a major impact because it is still in the stage of data collection and standardization. It is known that currently, both the housing and real estate market databases; the State's real estate transaction center are still in the process of research and implementation.
Therefore, real estate transactions after attaching electronic identification codes from 1.3 are expected to still be carried out as before, without going through centralized exchanges.
However, in a long-term assessment, financial expert Dr. Nguyen Duy Phuong, Investment Director of DG Capital, said that when tax policies and market regulation are implemented based on this data system, the impact will become more obvious.
Previously, data was scattered in the hands of speculators or individual exchanges. Information was often distorted and inflated to serve local interests. Prices therefore do not reflect the true supply and demand but are led by rumors. Therefore, when data is concentrated at a State focal point, the market will have a common measure. Information on planning, legality, transactions and reference prices are standardized," Dr. Phuong stated his point of view.
Dr. Phuong said that electronic identification codes are also effective tools to track and eliminate ghost projects. The centralized data system helps people easily look up legal status and planning implementation progress. Buyers will clearly identify which projects are eligible and which are "painted cakes". This transparency will minimize the living space of ghost projects and the situation of suspended planning.
In addition, many opinions believe that real estate identification is a long-term process, so it should be implemented according to the principle of prioritizing easy-to-make products first, as well as needing careful calculation from the input stage to ensure accurate information system.
Lawyer Nguyen Dang Tu (Ho Chi Minh City Bar Association) gave his opinion that, first of all, it is necessary to clarify the legal nature of real estate identification codes. This is a technical tool to identify and manage asset information in the digital environment, not a basis for establishing ownership or land use rights.
If not clearly stipulated in the law, misunderstandings can easily arise, leading to people or organizations confusing the value of data management and the legal value of rights to real estate.
According to lawyer Dang Tu, the next issue is the accuracy and synchronization of data. For example, the situation of overlapping the boundaries of adjacent land plots of adjacent households is not uncommon. Therefore, if the initial data is not accurate, the risk of prolonged disputes is very high. The enforcement capacity in the locality is also a noteworthy issue, especially in rural areas, remote areas when technology is not high.
Legal responsibility when electronic data is falsified is also a big question. In case people rely on information from the identification system to transact but then damage arises, who will be responsible: the data management agency, the system operating unit or the user?", lawyer Dang Tu raised the question.
