With the emergence of land use rights certificates on the VNeID application, many residents are questioning whether they will still need to present physical documents during real estate transactions. Despite the digital availability of this information, authorities recommend that individuals continue to carry their paper certificates until the complete electronic certification process is activated.

Nguyen Anh Tuan, a resident of Hanoi, expressed his surprise at finding his family's land use rights information on the VNeID app. He noted, "It's quite convenient to see my family's land information on my phone, but I'm not sure if I will still need to carry the paper certificate when selling the house or applying for a bank mortgage in the future."

Since August, some residents in Hanoi, Bac Ninh, and Thanh Hoa have reported seeing their land use rights certificates on VNeID. However, it is important to distinguish between having this information available digitally and the actual issuance and use of electronic certificates as a replacement for paper documents.

Mai Van Phan, Deputy Director of the Department of Land Management, stated that the agency has drafted the content for electronic certificates and is in discussions with the Ministry of Public Security to integrate these documents into VNeID. The ultimate goal is for electronic certificates to replace paper ones, but this requires legal framework improvements and the restructuring of administrative procedures to facilitate full electronic processing and the completion of land database systems.

The proposed amendments to the Land Law also suggest that registration and issuance of certificates can occur in either paper or electronic formats, both holding equal legal validity. As of mid-September, the Ministry of Agriculture and Rural Development reported that the country has data on over 68 million land parcels, but only about 47.7 million parcels meet the criteria of being "accurate, complete, clean, and live." More than 20.5 million parcels still require additional information, surveying, or data correction.

From a market perspective, Nguyen Anh Que, a member of the Vietnam Real Estate Association, emphasized that real estate already has identifiable information such as parcel numbers and certificates. The new development is the standardization into electronic identification codes linked to a data system. Once the data is standardized and interconnected, regulatory authorities can monitor transaction histories and legal statuses of properties, enhancing transparency and providing market participants with reliable information before engaging in transactions.

Huynh Phuoc Nghia, a professor at the University of Economics in Ho Chi Minh City, agreed that once land and housing data is fully digitized, many intermediary steps in real estate transactions could be simplified. If asset information is identified, verified, and updated in the system, legal checks will become more convenient, gradually replacing processes that currently rely on paper documentation and the involvement of multiple parties.

This change could be particularly evident in loan applications. Currently, mortgage applications often undergo numerous checks regarding ownership, legal status, zoning, and other property-related information. Nghia noted that once details about land parcels, homes, owners, and legal statuses are verified in the system, banks will have a stronger basis for assessing and approving secured assets, streamlining the verification process.

For home buyers, digital data will provide an additional source of official information to verify properties. However, a crucial condition is that the data must be complete, accurate, and updated whenever property changes occur. This requirement has also been emphasized by the Department of Administrative Management on Social Order (C06) of the Ministry of Public Security as they work on integrating land use rights certificates into VNeID. According to C06, the data must first ensure correct land parcels, accurate information, and rightful owners. Cleaning and synchronizing land data is identified as a significant shift from merely having data to effectively utilizing it.