Digital transformation is gradually changing how many markets are managed and operated, including the real estate market—a sector with a large scale and significant legal risks. However, unlike many other sectors, real estate still faces a familiar paradox: asset value continues to rise, yet legal information remains fragmented, poorly standardized, and difficult to verify. In this context, real estate identification codes—formally recognized for the first time in Vietnam’s legal system—are expected to serve as a key tool to address the challenge of improving transparency, standardizing data, minimizing disputes, and supporting safer transactions. When real estate ID codes gain official recognition Previously, land legislation mainly regulated cadastral records, land databases, and the management of land parcel information. Each land parcel was identified through details such as parcel number, map sheet number, address, area, and land-use purpose. In practice, government agencies often assigned certain codes to land parcels or cadastral records for purposes such as archiving, searching, and updating information. However, these codes were largely technical in nature and primarily served internal management purposes rather than functioning as an independent “real estate identification code” in a legal sense. This approach has changed with Government Decree 357/2025/ND-CP dated December 31, 2025, on the […]
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