Prime Minister Le Minh Hung has offered a straightforward explanation for one of the most pressing questions in Vietnam’s property market: Why are home prices so high? His answer puts land costs at the center of the problem.

Vietnam aims to basically complete its national land information system and national land database by the end of 2027 as part of the government's plan to reform land policy, accelerate digital transformation and improve land governance.

Within just four years, the Central Committee issued two major resolutions on land policy: Resolution 18 in 2022 and Resolution 21 in 2026. This is a rare occurrence for a foundational policy with a comprehensive impact across the national economy.

Every land parcel in Vietnam is set to receive a unique identification code independent of administrative boundaries, paving the way for a shift from paper land-use certificates to data-based management and integration with VNeID.

Resolution 21 signals a significant shift in Vietnam's land policy, positioning land not only as a resource to manage but as a strategic engine for national growth.

Vietnam is preparing a fundamental review of its land policy framework, with proposals expected to be submitted to the Party Central Committee as part of broader development reforms.

With only a few weeks remaining before new land pricing regulations come into force, many localities and valuation firms are still struggling to determine land prices that accurately reflect market conditions.

Experts forecast that the real estate market is entering a new era: no freezing, but rapid price spikes will also be difficult to materialize.

The Hanoi People's Committee has decided to recover land and terminate 24 non-budget-funded projects that have failed to move forward as scheduled, including several located on prime sites across the capital.

Imposing progressive fees on abandoned real estate is a necessary solution to prevent speculation, avoid waste of land, place assets into use, and increase housing supply, experts have said.

A land parcel identification code will consist of a unique 12-character string nationwide, generated based on the geographical location of the land plot through a standardized four-step process.

Vietnam is stepping up efforts to complete its national land database after officials revealed that tens of millions of land plots remain without full digital records, underscoring significant gaps in one of the country’s most critical data systems.

A land auction in Tay Phuong commune (formerly part of Thach That district), Hanoi, on February 8 drew attention after one plot was bid up to VND164.4 million per sqm, nearly nine times the starting price.

Instead of decentralizing to commune-level People’s Committees, the land registration office model and its branches remain unchanged, continuing to operate as public non-business units at the provincial and regional levels.

A nation that possesses accurate territorial data holds the key to prosperity. For Vietnam, the real estate identification code is that key - a roadmap into a new era.

The Ministry of Agriculture and Environment has issued the national action plan on combating desertification through 2030, with a vision to 2050.

At the end of 2025, the Hanoi land market is witnessing an unprecedented surge as local authorities launch a massive wave of auctions covering everything from suburban residential plots to high-value "gold land" plots in the city center.

A family owning more than 421 square meters of land on Dinh Tien Hoang Street in Hanoi’s Hoan Kiem Ward has been awarded over 466 billion VND (approximately $19.1 million) in compensation to relocate for the East Hoan Kiem Park project.

The Ministry of Construction revealed it is currently drafting a new decree to replace Decree 16/2022, focusing on administrative sanctions for construction violations.