Vietnam Considers Lowering Property Transfer Fees Ahead of 2027 Deadline

Vietnam is considering extending its policy to reduce property transfer fees (registration fees) until February 28, 2027. This measure, based on Circular 117/2026/TT-BTC and Resolution 66.22/2026/NQ-CP, would reduce the fee from the standard 0.5% to 0.45% for individuals who meet the conditions of electronic identification and online transaction procedures. The maximum reduction per transaction is capped at VND 12.65 million. The standard rate of 0.5% for registration fees on property transfers was established by Decree 10/2022/NĐ-CP. The proposed extension and reduction aim to stimulate the real estate market and encourage the adoption of digital processes, aligning with the government's broader digitalization agenda. This move comes as Vietnam, under its one-party system, continues to pursue economic growth, with the real estate sector being a significant contributor. The government seeks to ensure the market's stability and healthy development amidst concerns about speculative activities and price hikes in certain areas. The fee reduction is expected to facilitate transactions, particularly for secondary market properties, and support individual property ownership. Source: Nhan Dan