The Government Office has just issued Notice No. 354/TB-VPCP dated August 26, 2023, concluding the conclusion of Deputy Prime Minister Tran Hong Ha at the meeting on the establishment of job exchanges, technology, real estate transactions and land use rights transactions.

The conclusion announcement clearly stated that in reality, the real estate market, land use rights, employment and science and technology are forming and tending to develop strongly on the basis of information technology and digital transformation. The formation and development of these transactions are consistent with the current development trend of countries in the region and in the world.

However, real estate transactions, land use rights, employment and science and technology only meet part of the market's needs; there is no specific, strict, unified and synchronous legal basis for the application, development and management to ensure the effective, public and transparent operation of these transactions.

In order for the real estate market, land use rights, employment and science and technology to operate openly and transparently, minimize risks, simplify administrative procedures, reduce costs and inconvenience for people and businesses, and promote digital transformation, the Deputy Prime Minister requested the Ministries of Construction, Natural Resources and Environment, Labor - Invalids and Social Affairs, and Science and Technology to complete the report within the scope and management functions of the ministries.

In particular, carefully evaluate the political and legal basis, current situation, practical experience and solutions for application, development and management of real estate transactions (including real estate as land use rights), employment and science and technology suitable to the scope of the industry and management field.

Propose to develop legal documents in an appropriate form to serve as a basis for developing, applying and managing real estate transactions (including real estate as land use rights), employment, science and technology in accordance with practice and relevant legal regulations, and report to the Prime Minister before September 8.