Property identification: People no longer fear buying the wrong property or a fictitious purchase.

Assign and assign electronic identification codes to each real estate product.

Decree 357/2025/ND-CP, effective from March 1, 2026, specifies the construction and management of information systems and databases on housing and the real estate market, including the issuance and assignment of electronic identification codes to each real estate product.

Clause 5 of Article 3 of the Decree states: The electronic product identifier for real estate is a string of characters consisting of letters and numbers, with a maximum length of no more than 40 characters, assigned individually to each real estate property in the national data system. This code applies to each house, including apartments, detached houses, as well as each floor area within the construction projects managed in the system.

According to Article 8 of the Decree, for housing, the electronic identification code includes basic information groups such as: land plot identification code; project and construction information code; location identification code (if any); and a sequence of natural characters to identify the property. The identification code is automatically generated on the information system and database on housing and the real estate market, ensuring accuracy and consistency.

The Ministry of Construction is the central-level system management agency, responsible for issuing passwords and granting access rights to electronic identification accounts based on individual and organizational identification numbers, and administrative unit codes created by competent authorities. Simultaneously, the Ministry grants access rights, connects to and shares data, ensuring that it is used correctly within the scope and authority of state management for relevant ministries and agencies; provincial People's Committees; and organizations and individuals needing to access detailed information on housing and the real estate market nationwide. The information system and database are built and managed centrally and uniformly from the central to local levels.

Locally, Decree No. 357 stipulates that the Provincial People's Committee is responsible for attaching electronic identification account information to facilitate data connection and provision for agencies and organizations in the province, including relevant departments, agencies, wards, and communes; real estate project investors; and real estate service businesses. For project investors, attaching electronic identification account information is carried out immediately after the competent authority issues the investment policy decision or approves the project investment.

The Department of Construction is the agency responsible for assigning electronic identification codes to real estate products, specifically residential housing in housing development projects within the province, simultaneously with the issuance of the notification document stating that the housing is eligible for sale for future-built housing. For the floor area of ​​the building, the identification code is also composed of similar information groups and is assigned at the time of issuing the results of the feasibility study assessment for the construction investment.

In Nghe An, Mr. Nguyen The Phiệt, Head of the Housing and Real Estate Market Management Department of the Department of Construction, stated that the Department of Construction is awaiting guidance from the Ministry on implementing Decree No. 357 to deploy the construction of an information system and database on housing and the real estate market in the province after completing the digital infrastructure. According to the regulations, the department is responsible for collecting, compiling, standardizing, and updating data on housing, projects, and real estate transactions; and transmitting data to the national system on time. Along with this, it is responsible for managing and operating the province's database system, ensuring technical infrastructure, information security, and data confidentiality as prescribed. The department also periodically publishes information on the real estate market in the province, and requests and urges investors and businesses to provide complete and timely data.

An important step

The implementation of electronic property identification codes from March 1, 2026, is considered a crucial step in the national digital transformation roadmap for the housing sector and real estate market. However, the challenges in the implementation process are also significant. Currently, the volume of land and housing records stored in paper form is still very large; much information has not been updated or synchronized between management agencies. Many citizens and organizations also do not pay attention to and provide information to state management agencies.

Furthermore, many people have concerns about buying, selling, transferring, and inheriting real estate, as there are still no specific guidelines on whether these transactions must be linked to a unique identification code, especially since local authorities have not yet completed data updates. The process of digitizing, cleaning, and standardizing data requires significant resources and a unified technical standards system; therefore, implementation will be carried out according to a roadmap, with continuous improvement to ensure feasibility and effectiveness.

The benefit of property identification is that it eliminates legal ambiguity. With a unique identification number, buyers and sellers can publicly access official information about planning, construction progress, and transaction history, instead of relying on brokers or word-of-mouth sources.

This helps eliminate "ghost" projects, localized speculative land bubbles, and protects people from the risks of fraud.

Meanwhile, sellers also benefit from streamlined administrative procedures, saving time and costs such as the need to determine the location and area of ​​the land.

Previously, the Ministry of Construction organized a nationwide training conference to disseminate the new points of Decree No. 357/2025/ND-CP to localities and relevant units. This is a necessary preparatory step to unify understanding, methods, and implementation procedures nationwide, ensuring that when the Decree takes effect, the deployment of electronic real estate identification codes is synchronized, smooth, and achieves the set objectives. The success of updating the database is the responsibility and coordinated data sharing of ministries, sectors, localities, banks, tax authorities, investors, projects, and even the people.