Week 01/2025 – Central Vietnam Real Estate News Summary
In this weekly or sometimes bi-weekly news flash – CVR: Central Vietnam Realty will provide a choice of articles from mainly Vietnamese media sources related to the real estate market in Vietnam.
We will be focusing on issues related to Da Nang and Hoi An, while also looking at national news and their possible impact on Central Vietnam’s property market.
You will find a summary, a link to the source as well as CVR’s take on the article.
We believe that local knowledge is the key to making the best possible decision and that’s what we offer to all our clients.
“CVR: Western Management – Local Knowledge”
1. New Land Use Certificate Model Introduced With Enhanced Security And QR Code Integration.
-
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. The Vietnamese Real Estate Market In 2025 Is Poised For A Bright Future.
Economic stability and controlled inflation are additional catalysts for market growth, while lower interest rates ease financial pressure on buyers. Institutional reforms and streamlined public investment further support the sector. Investors are shifting focus to nearby provinces like Bắc Ninh and Hưng Yên, where property prices are more affordable but yield comparable rental returns. Key segments such as apartments remain attractive, meeting actual housing needs and generating steady cash flow.
As the market stabilizes in mid-2025, optimism will return, with profitable segments like villas and land plots drawing increased attention. The year marks a critical period of transformation, aligning the market for sustained growth and prosperity.
Source: baodautu.vn
4. 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
5. Revised Land Prices In Danang: Highest At 286 Million VND er 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
-
-
As always, CVR is at your service and happy to provide help anyways we can!
Contact Us today to find the real estate investment in Da Nang that is right for You.
-
