Each week we post a news flash with notable articles related to the real estate market in Vietnam. We asked our team to pick the top stories from the past month and we’ve tallied the results. Check out the headlines that made big news in our office below. Have any of the articles we’ve shared impacted you? Is there any important news we’ve missed? We’d love to hear from you!.
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Your Friends at Central Vietnam Realty.
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Content
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1. The New Land Use Certificate Model Introduced With Enhanced Security And QR Code Integration.
- 2. From Today, These 2 Cases Will Be Exempted From Personal Income Tax When Transferring The Red Book.
- 3. Prime Minister Attends Announcement Of Government Resolution On International Financial Centers In Ho Chi Minh City And Da Nang.
- 4. Revised Land Prices In Danang: Highest At 286 Million VND per Square Meter.
- 5. Projects Set To Transform Da Nang’s Landscape In The Coming Years.
6. A Real Estate Segment In Da Nang Suddenly “Bounced” In Both Transactions And Prices, Revealing An Area Of Interest To Investors.
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JANUARY 2025 CENTRAL VIETNAM REAL ESTATE NEWS SUMMARY
1. The new land use certificate model was introduced with enhanced security and QR code integration.
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Starting January 1, 2025, a new model of the Land Use Certificate (commonly known as “Red Book”) is being issued in Vietnam, integrating a QR code to provide streamlined access to essential information about land ownership, land plots, and associated assets. This innovation enhances transparency, allowing individuals to verify data through online platforms or by contacting authorized agencies. The new model emphasizes advanced security measures, incorporating anti-counterfeiting features to safeguard legal rights and prevent fraud. It also abandons supplemental pages, instead offering a more concise A4-sized format. These changes aim to modernize land management and align with the 2024 Land Law, fostering a transition to digitalization and smart technology integration in land administration.
Source: cafebiz.vn
2. From Today, These 2 Cases Will Be Exempted From Personal Income Tax When Transferring The Red Book.
The 2024 Land Law specifically stipulates 2 cases that will be exempted from personal income tax when transferring the red book.
1. Transfer, gift or inheritance between family members
Transfer between husband and wife, parents, biological mothers and biological children, adoptive fathers, adoptive mothers and adopted children, father-in-law, mother-in-law and daughter-in-law, mother-in-law and son-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.
Accordingly, the transfer of red books between relatives in the family is often simpler than normal transactions. If there is no commercial element (no money received), this is considered a common form in the family.
2. In case the transferor has only one house, land use right certificate in Vietnam
In case the individual falls into this category, he/she will be exempted from personal income tax, and must meet certain conditions such as: Only owning one house or using one plot of land at the time of transfer; Having the right to own a house, land use right calculated to the time of transfer for at least 183 days.
Source: nguoiquansat.vn
3. Prime Minister Attends Announcement Of Government Resolution On International Financial Centers In Ho Chi Minh City And Da Nang.
On January 4, the Ministry of Planning and Investment, in coordination with Ho Chi Minh City and Da Nang authorities, announced the Government’s action plan to establish regional and international financial centers. Prime Minister Phạm Minh Chính and senior leaders attended the event.
Minister Nguyễn Chí Dũng emphasized the importance of these financial centers as a strategic breakthrough to enhance Vietnam’s economic competitiveness. Ho Chi Minh City and Da Nang are considered well-suited for this development, despite the challenges of an unprecedented initiative in Vietnam. Key priorities include refining policies, improving infrastructure, and attracting global investors.
Source: cafeland.vn
4. Revised Land Prices In Danang: Highest At 286 Million VND per Square Meter.
The People’s Committee of Danang has issued an adjusted land price list for 2020-2024, effective January 1, 2025. The highest price is 286 million VND per square meter for properties on Bach Dang Street, between Le Duan and Nguyen Van Linh, a 65% increase. The lowest price is 1.7 million VND per square meter in Thanh Vinh. Commercial land on Bach Dang Street reaches 172 million VND per square meter, up 60%.
The revised prices influence compensation calculations, taxes, and administrative fees. Starting 2026, land price lists will be updated annually under the 2024 Land Law to reflect market values, replacing the current five-year cycle. Similar price adjustments have occurred in major cities like Hanoi and Ho Chi Minh City, with increases of up to 86%.
Source: vnexpress.net
5. Projects Set To Transform Da Nang’s Landscape In The Coming Years.
The recently approved 2021-2030 Da Nang Master Plan, with a vision for 2050, outlines the city’s future transformation into a modern urban center, driven by key projects and development initiatives. The city’s expansion will focus on three main urban areas, along with an ecological region, divided into 12 distinct zones, such as the High-Tech Zone, Innovation Zone, Da Nang Bay area, Liên Chiểu Port, and Green Core, among others. These zones will be paired with high-priority projects aimed at reshaping Da Nang’s urban fabric.
In the city center, the Da Nang Industrial Zone will be transformed into the An Đồn International Financial District, a modern urban hub. The southern part of the city will see the development of an expansive university and research complex, creating a new university city in Ngũ Hành Sơn district and Điện Bàn town, recognized as a national and regional educational center. The southeastern region will become a hub for innovation, with developments like the Hòa Xuân Sports and Entertainment Complex, alongside international hospitals and research facilities.
Da Nang is also prioritizing major tourism projects, such as the Ba Na – Suối Mơ tourism complex, Hồ Đồng Xanh – Đồng Nghệ, and the Làng Vân Resort. Cultural investments include the construction of a city opera house, museums, parks, and a regional cultural center. The city plans to build advanced transport infrastructure, including several key highway upgrades, rail and maritime projects, and expanded air travel capacity, aiming to accommodate 25 million passengers annually by 2030.
With a projected investment of 800 trillion VND through 2030, Da Nang is focusing on transport infrastructure, industry, and services. Major investments include expanding the high-tech zone, constructing Liên Chiểu Port, and enhancing the city’s road network to support its growth as a key logistics and industrial hub.
Source: congan.danang.gov.vn
6. A Real Estate Segment In Da Nang Suddenly “Bounced” In Both Transactions And Prices, Revealing An Area Of Interest To Investors.
In Q4 2024, Avison Young reported a 5% increase in primary apartment prices in Da Nang, ranging from $3,100 to $3,550 per square meter, especially in the luxury segment. Rising material costs and lower interest rates contributed to this price hike. While demand for housing remains strong, apartments are also seen as a rental investment due to the region’s growing economy and tourism. New projects like Nam Ô Discovery and Mia Center Point were launched, focusing on premium segments. Despite legal challenges, buyer confidence is recovering, and Da Nang’s apartment market is expected to grow with improved infrastructure and tourism.
Source: cafef.vn
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