Vietnam weighs setting up land use rights trading floor

HCMC – The prime minister has directed two ministries to jointly explore the feasibility of establishing a trading platform for land use rights. The proposed trading floor would serve as a center providing information about land use rights from land owners, effectively connecting potential sellers and buyers. While Vietnam already has stock exchanges, commodities trading floors, and corporate bonds trading floors, the property sector has predominantly relied on real estate agents or privately-owned trading platforms for transactions. Experts assert that governmental involvement in managing a land use right trading floor is vital to enhancing transparency in real estate information and stabilizing the market. In line with efforts to enhance real estate information transparency, the Government has also directed agencies to compile and update transaction data.