Decree No. 153-2007-ND-CP of October 15- 2007

7/25/2019 Decree No. 153-2007-ND-CP of October 15- 2007

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THE GOVERNMENT

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SOCIALISTREPUBLICOF VIET NAM

Independence - Freedom - Happiness

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No. 153/2007/ND-CP Hanoi, October 15, 2007

Decree of Government No. 153/2007/ND-CP of October 15, 2007 providing deti!ed reg"!tion#nd g"ide!ine# for imp!ementtion of $%e &' on re! e#tte b"#ine##

DECREE

P(O)*D*NG D+$*&+D (+G&$*ON ND G*D+&*N+ O( *P&++N$$*ON O $+ & ON

(+& +$$+ *N+

THE GOVERNMENT

Pursuant to the Law on Organization of the Government dated 25 ecember 2001!

Pursuant to the Law on "ea# $state %usiness dated 2& 'une 200(!

Having considered the )ro)osa# of the *inister of +onstruction!

DECREES:

Chapter I

GENERAL PROVISIONS

Article 1 G!er"i"# $cpe

$%i# Decree provide# deti!ed reg"!tion# nd g"ide!ine# for imp!ementtion of t%e &' on (e! +#tte

"#ine## regrding t4pe# of re! e#tte permitted to be mde vi!b!e for trding t%e !eg! cpit!

re6"irement# pp!icb!e in order for n orgnition or individ"! to cond"ct re! e#tte b"#ine## p"rc%#e

nd #!e of %o"#e# nd b"i!ding#1 in t%e form of dvnce p4ment finnci! cpbi!it4 condition# pp!icb!e

to inve#tor# of re! e#tte pro8ect# t%e ##ignment of entire ne' "rbn one, re#identi! one or ind"#tri!one tec%nic! infr#tr"ct"re pro8ect# trining of, nd i##"nce of certificte# to re! e#tte bro9er#, v!"er#,

nd mnger# nd opertor# of re! e#tte trding f!oor# nd tte dmini#trtion of re! e#tte b"#ine##

ctivitie#.

Article % T&pe$ ' real e$tate per(itte) t *e (a)e a!aila*le 'r tra)i"#

1. o"#e# nd b"i!ding# # defined in t%e !' on con#tr"ction #%!! be permitted to be mde vi!b!e for

trding, nd compri#e civi! 'or9#, ind"#tri! 'or9#, rod trffic 'or9#, irrigtion 'or9#, nd tec%nic!

infr#tr"ct"re 'or9# b"t not civi! #ervnt#: re#idence#, %ed6"rter# of tte bodie#, tte #ecret 'or9#,

ntion! defence nd #ec"rit4 'or9#, 'or9# '%ic% re recognied %i#toric! nd c"!t"r! #ite# or #cenic #ite#o'ned b4 t%e tte, nd ot%er b"i!ding# nd 'or9# '%ic% ;ot%er< !'# pro%ibit to be trded.

2. &nd "#e rig%t# #%!! be permitted to prticipte in t%e re! e#tte mr9et p"r#"nt to t%e !' on !nd.

3. (e! e#tte being t%e %o"#e# nd b"i!ding#, nd t%e !nd "#e rig%t# #tip"!ted in c!"#e# 1 nd 2

re#pective!4 of t%i# rtic!e m"#t fir#t #ti#f4 !! t%e condition# #tip"!ted in rtic!e 7 of t%e &' on (e! +#tte

"#ine## before being mde vi!b!e for trding.

=. #ed on t%e #ocio-economic deve!opment! nd re! e#tte mr9et #tt"#, t%e Prime ini#ter of t%e

Government m4 mend nd dd to t%e t4pe# of re! e#tte permitted to be mde vi!b!e for trding nd to


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t%e ot%er t4pe# of re! e#tte #tip"!ted in rtic!e >.1?c@ of t%e &' on (e! +#tte "#ine##, in order to

comp!4 'it% t%e ct"! #it"tion.

Chapter II

REAL ESTATE BUSINESS

Article + Le#al capital re,ire(e"t$ 'r a" e"terpri$e r c-perati!e t c")ct real e$tate *$i"e$$

1. +nterpri#e# or co-opertive# 'i#%ing for trding re! e#tte m"#t %ve !eg! cpit! of > ?#iA@ bi!!ion dong

?)ND@

2. Certifiction of t%e !eg! cpit! of n4 enterpri#e or co-opertive #%!! be imp!emented in ccordnce 'it%

t%e !'# on enterpri#e#, on co-opertive# nd on b"#ine## regi#trtion.

Article . Prcha$e a") $ale i" the 'r( ' a)!a"ce pa&(e"t ' h$e$ a") *il)i"#$ t *e 'r(e) i"

the 'tre

$%e inve#tor of re! e#tte b"#ine## pro8ect nd 1. dvnce p4ment# m"#t be mde on n"mber of occ#ion#, nd t%e initi! p4ment m4 on!4 be co!!ected

'%en t%e inve#tor %# commenced con#tr"ction of tec%nic! infr#tr"ct"re in ccordnce 'it% t%e #c%ed"!e

nd content# of t%e pproved pro8ect. "b#e6"ent occ#ion# of co!!ecting dvnce p4ment# m"#t be

con#i#tent 'it% t%e #c%ed"!e for con#tr"ction of t%e %o"#e or b"i!ding.

(e#identi! one pro8ect#, in ddition to comp!4ing 'it% t%e bove provi#ion, m"#t !#o be imp!emented in

ccordnce 'it% t%e !' on re#identi! %o"#ing.

2. *nve#tor# m"#t "#e dvnce p4ment# from c!ient# for t%e correct ob8ective of inve#ting in t%e cretion of

t%e re! e#tte.

3. C!ient# m9ing dvnce p4ment# #%!! be entit!ed to t%e p"rc%#e or ##ignment price of t%e re! e#tte# t t%e time of #igning t%e contrct, "n!e## t%e prtie# ot%er'i#e gree.

=. n4 inve#tor '%o %nd# over t%e re! e#tte ;to t%e c!ient< !ter t%n t%e #c%ed"!ed dte #tip"!ted in t%e

contrct #%!! be contrct"!!4 !ib!e to t%e c!ient nd m"#t p4 t%e c!ient intere#t on t%e dvnce p4ment#

for t%e period of de!4, c!c"!ted t t%e commerci! bn9 !on intere#t rte # t t%e time of %ndover of t%e

re! e#tte.

*f n inve#tor %nd# over %o"#e or b"i!ding incorrect!4 in term# of t%e 6"!it4 or time-!imit ;#tip"!ted in t%e

contrct< or incorrect!4 in term# of ot%er contrct"! commitment#, t%en t%e inve#tor #%!! be !ib!e to t%e

c!ient. $%e c!ient #%!! %ve t%e rig%t to demnd t%e inve#tor t9e me#"re# to prompt!4 remed4 !o##e# nd to

compen#te for !o##e# c"#ed b4 t%e f"!t of t%e inve#tor, nd if t%e inve#tor fi!# to do #o t%en t%e c!ient #%!!%ve t%e rig%t to "ni!ter!!4 terminte or re#cind t%e contrct nd t%e inve#tor m"#t ref"nd t%e entire mo"nt

of mone4 pid in dvnce toget%er 'it% intere#t t%ereon t t%e commerci! bn9 !on intere#t rte.

5. n4 c!ient '%o fi!# to correct!4 imp!ement it# contrct"! "ndert9ing to m9e dvnce p4ment# #%!! be

contrct"!!4 !ib!e to t%e inve#tor nd m"#t p4 t%e inve#tor intere#t on !te p4ment for t%e period of de!4

c!c"!ted t t%e commerci! bn9 !on intere#t rte # t t%e time of p4ment. $%e inve#tor #%!! %ve t%e

rig%t to demnd t%t t%e c!ient correct!4 imp!ement it# contrct"! "ndert9ing# nd to p4 compen#tion for

!o## or dmge c"#ed b4 t%e c!ient, nd if t%e c!ient fi!# to do #o t%en t%e inve#tor #%!! %ve t%e rig%t to


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"ni!ter!!4 terminte or re#cind t%e contrct nd t%e c!ient #%!! be !ib!e to p4 t%e contrct"! pen!t4 nd

#%!! be !ib!e for n4 !o## c"#ed b4 t%e contrct"! brec%.

>. e!ection of t%e commerci! bn9 !on intere#t rte #tip"!ted in c!"#e# = nd 5 of t%i# rtic!e m"#t be

greed in t%e contrct.

Article / 0i"a"cial capa*ilit& c")iti"$ applica*le t i"!e$tr$ ' "e r*a" 2"e3 re$i)e"tial 2"e

a") i")$trial 2"e tech"ical i"'ra$trctre pr4ect$

1. $%e inve#tor of ne' "rbn one, re#identi! one or ind"#tri! one tec%nic! infr#tr"ct"re pro8ect m"#t

be t%e o'ner of t%e fo!!o'ing inve#tment cpit! in order to imp!ement #"c% pro8ectB

?@ Not !e## t%t t'ent4 ?20@ per cent of t%e tot! inve#tment ;cpit!< of t%e pproved pro8ect in t%e c#e of

ne' "rbn one or ind"#tri! one tec%nic! infr#tr"ct"re pro8ect.

?b@ *n t%e c#e of re#identi! one pro8ect, not !e## t%t fifteen ?15@ per cent of t%e tot! inve#tment ;cpit!. $%e ne' inve#tor #%!! be !ib!e to f"!!4 di#c%rge t%e ob!igtion# of n inve#tor #tip"!ted in rtic!e 20 ;of

t%e &' on (e! +#tte "#ine##< nd #%!! be entit!ed to t%e rig%t# nd benefit# of n inve#tor #tip"!ted in

rtic!e 1 of t%e &' on (e! +#tte "#ine##, in t%e doc"ment# of t%e competent tte "t%orit4 permitting

t%e inve#tment, nd in t%e contrct of ##ignment of t%e pro8ect # #igned b4 bot% prtie#.

Article 6 C")iti"$ 'r a$$i#"i"# a" e"tire pr4ect

n entire pro8ect #%!! be permitted to be ##igned '%en it #ti#fie# !! t%e fo!!o'ing condition#B

1. $%e pro8ect i# not in t%e ctegor4 of pro8ect# '%ic% m"#t be de!t 'it% p"r#"nt to rtic!e 10 of t%i# Decree.

2. $%e pro8ect %# been pproved in ccordnce 'it% !'.3. $%e inve#tor !red4 %# t%e !nd "#e rig%t vi !nd !e#e contrct, deci#ion !!octing !nd or !nd

"#e rig%t certificte.

=. $%e 'or9 of #ite c!ernce nd p4ment of compen#tion for t%e entire pro8ect or pro8ect p%#e %# been

comp!eted, nd t%ere re tec%nic! infr#tr"ct"re 'or9# corre#ponding to t%e content# nd #c%ed"!e for

imp!ementing t%e pproved pro8ect.

5. ne' inve#tor m"#t #ti#f4 !! t%e fo!!o'ing condition#B

?@ $%e inve#tor m"#t be n orgnition or individ"! cond"cting re! e#tte b"#ine## '%o #ti#fie# t%e

condition# #tip"!ted in rtic!e .1 of t%e &' on (e! +#tte "#ine## nd in rtic!e 3 of t%i# Decree.

?b@ $%e inve#tor m"#t #ti#f4 t%e finnci! cpbi!it4 condition# pp!icb!e to pro8ect inve#tor# #tip"!ted inrtic!e 5 of t%i# Decree.

?c@ $%e inve#tor m"#t provide 'ritten "ndert9ing to imp!ement t%e pro8ect correct!4 in ccordnce 'it% t%e

pproved #c%ed"!e.

Article 7 Prce)re$ 'r a$$i#"(e"t ' a" e"tire "e r*a" 2"e3 re$i)e"tial 2"e r i")$trial 2"e

tech"ical i"'ra$trctre pr4ect

1. *n t%e c#e of pro8ect for '%ic% provinci! peop!e:# committee provided permi##ion for t%e inve#tment,

t%en provinci! peop!e:# committee #%!! con#ider nd re#o!ve ;t%e i##"e of ##ignment of #"c% pro8ect


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?b@ $%e doc"ment permitting t%e inve#tment from t%e competent tte "t%orit4.

?c@ $%e pro8ect

?d@ $%e !nd !e#e contrct, deci#ion !!octing t%e !nd, or !nd "#e rig%t certificte.

3. $%e provinci! peop!e:# committee #%!! be re#pon#ib!e to con#ider nd provide 'ritten re#pon#e to t%e

inve#tor grnting or ref"#ing to grnt permi##ion for ##ignment of t%e entire pro8ect, 'it%in time-!imit of fort4

five ?=5@ d4# from t%e dte of receipt of comp!ete nd v!id pp!iction fi!e.

Article 8 C"tract ' a$$i#"(e"t ' a" e"tire "e r*a" 2"e3 re$i)e"tial 2"e r i")$trial 2"e

tech"ical i"'ra$trctre pr4ect

1. contrct of ##ignment of n entire pro8ect #%!! be # greed b4 t%e t'o prtie#, nd m"#t #pecif4 t%t

t%e ne' inve#tor i# !ib!e to f"!!4 di#c%rge t%e ob!igtion# of t%e former inve#tor o'ing to t%e c!ient nd

re!ted prtie#, nd ot%er ob!igtion# in ccordnce 'it% t%e pproved pro8ect content#.

2. $%e former inve#tor m"#t notif4 t%e contrct of ##ignment of t%e entire pro8ect to t%e c!ient nd re!ted

prtie# in order for t%em to imp!ement nd perform #"c% contrct, nd m"#t !#o notif4 #"c% contrct to t%e

re!evnt "t%oritie# to enb!e t%em to monitor nd dmini#ter it.

Article 19 Deali"# ith a "e r*a" 2"e3 re$i)e"tial 2"e r i")$trial 2"e tech"ical i"'ra$trctre

pr4ect he" the pr4ect i"!e$tr i$ i" *reach

1. $%e "t%orit4 '%ic% permitted t%e inve#tment #%!! i##"e deci#ion revo9ing t%e 'ritten in#tr"ment '%ic%

permitted t%e inve#tment or t%e pro8ect inve#tment certificte in order to %nd over ;t%e pro8ect< to not%er

inve#tor to contin"e to imp!ement t%e pro8ect, in t%e fo!!o'ing circ"m#tnce#B

?@ $%e inve#tor brec%ed provi#ion of t%e !'# on inve#tment nd con#tr"ction, oning, rc%itect"re

;nd/or< !nd dmini#trtion nd fi!ed to prompt!4 remed4 #"c% brec% p"r#"nt to re6"e#t from t%e

competent tte "t%orit4.?b@ $%e inve#tor fi!ed to correct!4 imp!ement t%e content# of t%e pro8ect, or fter t'e!ve ?12@ mont%# from t%e

dte of receipt of %ndover of t%e !nd fi!ed to commence imp!ementtion of t%e pro8ect, or i# more t%n

t'ent4 fo"r ?2=@ mont%# be%ind t%e pproved #c%ed"!e.

2. n4 inve#tor '%o#e pro8ect i# revo9ed # #tip"!ted in c!"#e 1 of t%i# rtic!e #%!! not be permitted to be

##igned to ct # inve#tor of ne' re! e#tte pro8ect for period of t'o ?2@ 4er# # from t%e dte on '%ic%

#"c% er!ier pro8ect '# 'it%dr'n.

3. n "t%orit4 '%ic% i##"e# deci#ion 'it%dr'ing t%e 'ritten in#tr"ment '%ic% permitted t%e inve#tment or

t%e inve#tment certificte #%!! be re#pon#ib!eB

?@ $o re6"ire t%e former inve#tor to re#o!ve eAi#ting pro8ect i##"e# nd to en#"re t%e rig%t#, ob!igtion# ndre#pon#ibi!itie# of t%e c!ient nd re!ted prtie#.

?b@ $o nno"nce nd to rrnge #e!ection of ne' inve#tor to contin"e imp!ementtion of t%e pro8ect.

Chapter III

TRAINING AND 0OSTERING


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Article 11 Trai"i"# a") '$teri"# "le)#e a*t real e$tate *rera#e a") !alati"3 a")

(a"a#e(e"t a") perati" ' real e$tate tra)i"# 'lr$

1. n4 individ"! engged in t%e ctivit4 of re! e#tte bro9erge ;or< v!"tion, ;or< mngement nd

opertion of re! e#tte trding f!oor m"#t receive trining on t%e !' nd on profe##ion! eAperti#e in re!

e#tte bro9erge ;or< v!"tion, nd mngement nd opertion of re! e#tte trding f!oor#.

2. n4 e#tb!i#%ment '%ic% provide# t%e bove-mentioned trining m"#t #ti#f4 !! t%e condition# #tip"!ted in

rtic!e 12 of t%i# Decree.

3. $rining e#tb!i#%ment# #%!! be permitted to %o!d trining co"r#e# on re! e#tte bro9erge nd v!"tion,

on mngement nd opertion of re! e#tte trding f!oor# nd on ot%er mtter# in order to #ti#f4 t%e

re6"irement# for cond"cting re! e#tte b"#ine## nd t%e re6"irement# of t%e re! e#tte mr9et.

Article 1% C")iti"$ applica*le t e$ta*li$h(e"t$ pr!i)i"# trai"i"# " real e$tate *rera#e a")

!alati"3 a") " (a"a#e(e"t a") perati" ' real e$tate tra)i"# 'lr$

+#tb!i#%ment# providing trining on re! e#tte bro9erge nd

1. n enterpri#e m"#t %ve b"#ine## regi#trtion for trining, or n4 ot%er in#tit"tion ;i.e. trininge#tb!i#%ment '%ic% i# not n enterpri#e< m"#t %ve t%e f"nction nd d"t4 to provide trining.

2. $%e e#tb!i#%ment m"#t %ve progrm, tec%ing mteri!# nd dt '%ic% comp!4 'it% t%e frme'or9

progrm prom"!gted b4 t%e ini#tr4 of Con#tr"ction.

3. &ect"rer# m"#t %ve profe##ion! 6"!ifiction# nd eAperience pproprite for ec% #"b8ect, nd m"#t be

profe##ion! tec%er#, eApert#, mnger# ;nd/or< peop!e 'it% certificte# nd eAperience in re! e#tte

b"#ine## ctivitie#.

Article 1+ Hl)i"# trai"i"# cr$e$ " real e$tate *rera#e a") !alati"3 a") " (a"a#e(e"t a")

perati" ' real e$tate tra)i"# 'lr$1. trining e#tb!i#%ment m"#t p"b!i#% t%e fo!!o'ing informtion on t%e 'eb#ite of t%e ini#tr4 of

Con#tr"ction prior to %o!ding n4 trining co"r#e#, nme!4 t%e nme nd contct ddre## of t%e

e#tb!i#%ment, t%e #ector# in '%ic% it provide# trining, nd it# trining progrm nd !ect"ring #tff. %en

providing trining co"r#e#, trining e#tb!i#%ment m"#t provide 'ritten notifiction to t%e !oc! Deprtment

of Con#tr"ction.

2. $%e %ed of trining e#tb!i#%ment #%!! m9e deci#ion on t%e fo!!o'ing mtter# nd #%!! be !ib!e for

#"c% deci#ionB

?@ $o %o!d trining co"r#e# on re! e#tte bro9erge nd v!"tion, nd on mngement nd opertion of

re! e#tte trding f!oor# 'it%in it# regi#tered #cope.?b@ $o pprove t%e progrm, tec%ing mteri!# nd dt on #"c% trining co"r#e# on t%e b#i# of t%e

frme'or9 progrm prom"!gted b4 t%e ini#tr4 of Con#tr"ction nd to en#"re t%ere re de6"te fci!itie#

for #t"dent# to #t"d4 t%e !' on re! e#tte b"#ine## ctivitie# nd t%e !' nd profe##ion! prctice in re!

e#tte bro9erge nd v!"tion, nd mngement nd opertion of re! e#tte trding f!oor#.

?c@ $o co!!ect trining fee# to en#"re co#t# re covered in ccordnce 'it% tte reg"!tion#.

?d@ $o ##e## trinee#: re#"!t# of trining nd to i##"e certificte# of comp!etion of trining to trinee# '%o

%ve #ti#fctor4 comp!eted co"r#e#.


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3. Once ever4 #iA mont%#, trining e#tb!i#%ment# #%!! be re#pon#ib!e to report t%e re#"!t# of t%eir trining

co"r#e# to t%eir !oc! Deprtment of Con#tr"ction.

Deprtment# of Con#tr"ction #%!! be re#pon#ib!e to nn"!!4 report to t%e ini#tr4 of Con#tr"ction t%e #tt"#

of trining on re! e#tte bro9erge nd v!"tion, nd on mngement nd opertion of re! e#tte trding

f!oor#.

$%e ini#tr4 of Con#tr"ction #%!! be re#pon#ib!e to co-ordinte 'it% provinci! peop!e:# committee# to in#pect

t%e ctivitie# of trining e#tb!i#%ment#, nd to prompt!4 detect nd de! 'it% n4 brec%e# b4 #"c% trining

e#tb!i#%ment# '%i!e %o!ding trining co"r#e#.

Article 1. C")iti"$ a") applicati" 'ile$ 'r i$$a"ce ' real e$tate *rer;$ certi'icate$

1. n individ"! #%!! be grnted re! e#tte bro9er:# certificte '%en %e or #%e #ti#fie# !! t%e fo!!o'ing

condition#B

?@ Not being tte emp!o4ee.

?b@ ving f"!! cpcit4 for civi! !eg! ct# not being pro%ibited from prcti#ing p"r#"nt to deci#ion of

competent "t%orit4, nd not being c"rrent!4 #"b8ect to crimin! pro#ec"tion or #erving pri#on #entence.?c@ ving certificte of comp!etion of trining on re! e#tte bro9erge.

?d@ ving #"bmitted n pp!iction fi!e for i##"nce of re! e#tte bro9er:# certificte.

2. n pp!iction fi!e for i##"nce of re! e#tte bro9er:# certificte #%!! compri#eB

?@ (e6"e#t for i##"nce of re! e#tte bro9er:# certificte toget%er 'it% p%oto certified b4 t%e peop!e#

committee of t%e comm"ne, 'rd or to'n#%ip ?!! %ereinfter referred to # comm"ne peop!e:# committee@

'%ere t%e pp!icnt re#ide#.

?b@ $'o co!o"red p%oto# ?#ie 3 A = cm@ t9en in t%e #me 4er # t%e 4er of t%e pp!iction.

?c@ Cop4 of t%e pp!icnt:# identit4 crd or p##port.

?d@ Cop4 certificte of comp!etion of trining on re! e#tte bro9erge.

Article 1/ C")iti"$ a") applicati" 'ile$ 'r i$$a"ce ' real e$tate !aler;$ certi'icate$

1. n individ"! #%!! be grnted re! e#tte v!"er:# certificte '%en %e or #%e #ti#fie# !! t%e fo!!o'ing

condition#B

?@ Not being tte emp!o4ee.

?b@ ving f"!! cpcit4 for civi! !eg! ct# not being pro%ibited from prcti#ing p"r#"nt to deci#ion of

competent "t%orit4, nd not being c"rrent!4 #"b8ect to crimin! pro#ec"tion or #erving pri#on #entence.

?c@ ving certificte of comp!etion of trining on re! e#tte v!"tion.

?d@ ving co!!ege or "niver#it4 degree.?@ (e6"e#t for i##"nce of re! e#tte v!"er:# certificte toget%er 'it% p%oto certified b4 t%e comm"ne

peop!e:# committee '%ere t%e pp!icnt re#ide#.

?b@ $'o co!o"red p%oto# ?#ie 3 A = cm@ t9en in t%e #me 4er # t%e 4er of t%e pp!iction. ?c@ Cop4 of t%e

pp!icnt:# identit4 crd or p##port.

?d@ Cop4 certificte of comp!etion of trining on re! e#tte bro9erge.

Article 15 Or)er a") prce)re$ 'r i$$a"ce ' real e$tate *rer;$ a") !aler;$ certi'icate$


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1. n pp!icnt for re! e#tte bro9er:# or v!"er:# certificte #%!! !odge %i# or %er pp!iction fi!e 'it% t%e

competent "t%orit4 ppointed b4 t%e provinci! peop!e:# committee.

2. $%e competent "t%orit4 #%!! be re#pon#ib!e to ccept n pp!iction fi!e, c%ec9 it nd i##"e certificte

'it%in time-!imit of ten ?10@ 'or9ing d4# from t%e dte of receipt of t%e comp!ete nd v!id pp!iction fi!e. *f

n pp!iction fi!e i# incomp!ete or inv!id, t%e competent "t%orit4 m"#t provide 'ritten notice to t%e pp!icnt

#tting '%4 t%e pp!iction fi!e i# incomp!ete or inv!id, 'it%in time-!imit of five ?5@ d4# from t%e dte on

'%ic% t%e fi!e '# !odged.

3. n pp!icnt m"#t p4 fee of t'o %"ndred t%o"#nd ?200,000@ dong for t%e i##"nce of re! e#tte

bro9er:# or v!"er:#

=. (e! e#tte bro9er:# nd v!"er:# certificte# #%!! be v!id for "#e ntion'ide.

$%e ini#tr4 of Con#tr"ction #%!! i##"e t%e #tndrd form for re! e#tte bro9er:# nd v!"er:# certificte# to

be "niform!4 "#ed ntion'ide.

Article 16 (ig%t# nd ob!igtion# of pp!icnt#, nd re#pon#ibi!itie# of "t%oritie# i##"ing re! e#tte bro9er:#

nd v!"er:# certificte#

1. pp!icnt# for t%e i##"nce of re! e#tte bro9er:# nd v!"er:# certificte# #%!! %ve t%e fo!!o'ing rig%t#B?@ $o re6"e#t t%e competent tte "t%orit4 to #"pp!4 t%em 'it% informtion bo"t trining co"r#e#, bo"t

i##"nce of certificte#, nd bo"t dmini#trtion of re! e#tte bro9erge nd v!"tion prctice#.

?b@ $o re6"ire i##"nce of certificte on time '%en t%e pp!icnt #ti#fie# !! t%e condition#.

?c@ $o prcti#e # re! e#tte bro9er or v!"er in ccordnce 'it% t%e item# #tip"!ted in t%e i##"ed

certificte.

?d@ $o !odge comp!int or den"ncition in ccordnce 'it% t%e !' on comp!int# nd den"ncition# for n4

brec% of t%e !' regrding trining, or regrding i##"nce of certificte# or dmini#trtion of re! e#tte

bro9er:# nd v!"er:# prctice#.

?E /pF2. pp!icnt# for t%e i##"nce of re! e#tte bro9er:# nd v!"er:# certificte# #%!! %ve t%e fo!!o'ing

ob!igtion#B

?@ $o !odge n pp!iction fi!e for t%e i##"nce of certificte in ccordnce 'it% ;t%e#e< reg"!tion#, nd to

be !eg!!4 !ib!e for #"c% pp!iction fi!e.

?b@ $o p4 t%e #tip"!ted fee#.

?c@ Ot%er ob!igtion# # #tip"!ted b4 !'.

3. Certificte-i##"ing "t%oritie# #%!! be re#pon#ib!e to p"b!ic!4 nno"nce informtion bo"t t%e proced"re#

nd pp!iction fi!e# for i##"nce of certificte# nd t%e4 #%!! be !ib!e for i##"ing incorrect certificte#, for

i##"ing certificte# o"t of time, nd for n4 negtive ct# c"#ing diffic"!tie# for pp!icnt# nd if #"c%cond"ct re#"!t# in !o## t%en t%e4 #%!! be !ib!e to p4 compen#tion in ccordnce 'it% !'.

Article 17 (e-i##"nce of re! e#tte bro9er:# nd v!"er:# certificte#

1. n4 per#on '%o %# been i##"ed 'it% re! e#tte bro9er:# or v!"er:# certificte '%ic% i# #"b#e6"ent!4

torn or !o#t m4 pp!4 for re-i##"nce of t%e certificte.

2. n pp!iction fi!e for re-i##"nce of certificte #%!! compri#eB

?@ (e6"e#t for re-i##"nce of t%e certificte 'it% p%oto ttc%ed.

?b@ $'o co!o"red p%oto# ?#ie 3 A = cm@ t9en in t%e 4er of t%e re6"e#t for re-i##"nce.


9/11

?c@ $%e origin! certificte in c#e '%ere t%e certificte i# torn. *n c#e '%ere certificte i# !o#t nd t%e

pp!iction for re-i##"nce i# mde to different "t%orit4, t%ere m"#t !#o E /pF

3. $%e order nd proced"re# for re-i##"nce of certificte# #%!! be imp!emented in ccordnce 'it% rtic!e 1>

of t%i# Decree.

=. $%e content# of re-i##"ed certificte #%!! be t%e #me # t%e content# '%ic% 'ere recorded in t%e

origin! certificte.Article 18dmini#trtion of re! e#tte bro9erge nd v!"tion prctice#

1. $%e !oc! "t%orit4 dmini#tering re! e#tte b"#ine## ctivitie# nd t%e "t%orit4 i##"ing re! e#tte

bro9er:# nd v!"er:# certificte# #%!! be re#pon#ib!eB

?@ $o dmini#ter !oc! re! e#tte bro9erge nd v!"tion prctice# in ccordnce 'it% !'.

?b@ $o cond"ct c%ec9# nd in#pection#, nd to prompt!4 de! 'it% n4 brec%e# of !' 'it%in t%eir 8"ri#diction

or to propo#e t%t t%e competent "t%orit4 de! 'it% #"c% brec%e#.

?c@ $o provide nn"! report#, or to provide eAtrordinr4 report# on re6"e#t, to t%e ini#tr4 of Con#tr"ction

on t%e #tt"# of i##"nce nd revoction of re! e#tte bro9er:# nd v!"er:# certificte# nd on t%e

dmini#trtion of !oc! re! e#tte bro9erge nd v!"tion prctice#.2. n4 foreigner or )ietnme#e '%o %# re! e#tte bro9er:# ;or< v!"er:# prcti#ing certificte i##"ed b4

foreign co"ntr4 '%ic% i# #ti!! v!id #%!! ;%ve #"c% certificte< recognied nd #%!! be permitted to "#e #"c%

certificte to prcti#e in )ietnm. $%e prcti#ing certificte i##"ed b4 t%e foreign co"ntr4 m"#t be trn#!ted

into )ietnme#e, m"#t be notried or certified in ccordnce 'it% t%e !' of )ietnm, nd m"#t be #ent to

t%e !oc! "t%orit4 dmini#tering re! e#tte b"#ine## ctivitie# in t%e p!ce '%ere t%e foreigner or )ietnme#e

prcti#e# for monitoring nd dmini#trtive p"rpo#e#.

Article %9 (evoction of re! e#tte bro9er:# nd v!"er:# certificte#

1. $%e "t%oritie# i##"ing re! e#tte E /pF

?d@ $o dmini#ter t%e orgnition of trining co"r#e# for re! e#tte bro9er# nd v!"er#, nd mnger# ndopertor# of re! e#tte trding f!oor#.

?dd@ $o i##"e t%e frme'or9 progrm for trining co"r#e# for re! e#tte bro9er# nd v!"er#, nd mnger#

nd opertor# of re! e#tte trding f!oor# to i##"e t%e #tndrd form for re! e#tte bro9er:# nd v!"er:#

certificte# to provide g"ide!ine# on dmini#trtion of trining, nd on re! e#tte bro9erge nd v!"tion

prctice# nd on prctice # mnger nd opertor of re! e#tte trding f!oor.

?e@ $o e#tb!i#%, nd to dmini#ter t%e opertion of, n informtion #4#tem on t%e re! e#tte mr9et nd re!

e#tte b"#ine## ctivitie#.

?g@ $o cond"ct interntion! co-opertion in t%e re! e#tte b"#ine## #ector.

?%@ $o cond"ct c%ec9# nd in#pection# of re! e#tte b"#ine## ctivitie#, to re#o!ve comp!int# ndden"ncition#, nd to de! 'it% brec%e# in ccordnce 'it% it# "t%orit4 or to #"bmit #"c% mtter# to t%e

competent bod4 to de! 'it%.

?i@ $o provide periodic! nd eAtrordinr4 report# to t%e Prime ini#ter of t%e Government on t%e #tt"# of

re! e#tte b"#ine## ctivitie# ntion'ide.

2. $%e ini#tr4 of Nt"r! (e#o"rce# nd +nvironment #%!! be re#pon#ib!e, 'it%in t%e #cope of it# d"tie# nd

po'er#, to provide g"ide!ine# for imp!ementtion of t%e provi#ion# on dmini#trtion of t4pe# of !nd


10/11

prticipting in t%e re! e#tte mr9et, nd #%!! i##"e #pecific provi#ion# on !nd "#e rig%t# of t%e t4pe# of

re! e#tte permitted to be mde vi!b!e for trding in ccordnce 'it% t%e &' on (e! +#tte "#ine##.

3. $%e ini#tr4 of innce #%!! be re#pon#ib!e, 'it%in t%e #cope of it# d"tie# nd po'er#, to provide

g"ide!ine# on fee# nd c%rge# nd ot%er finnci! ob!igtion# pp!icb!e to re! e#tte b"#ine## ctivitie#

nd to provide g"ide!ine# on profe##ion! indemnit4 in#"rnce for re! e#tte v!"er#.

=. $%e tte n9 of )ietnm #%!! be re#pon#ib!e, 'it%in t%e #cope of it# d"tie# nd po'er#, to re#erc% t%e

i##"nce of regime on credit ##i#tnce nd on cond"cting p4ment# in re! e#tte b"#ine## trn#ction#

vi bn9# nd credit in#tit"tion# operting in )ietnm, in order to fci!itte convenience nd #fet4 for !!

prtie# to #"c% trn#ction#.

5. Ot%er mini#trie# nd brnc%e# #%!! be re#pon#ib!e, 'it%in t%e #cope of t%eir re#pective d"tie# nd po'er#,

to co-ordinte 'it% t%e ini#tr4 of Con#tr"ction in orgniing dmini#trtion of re! e#tte b"#ine## ctivitie#.

Article %+ (e#pon#ibi!itie# of peop!e:# committee# of province# nd citie# "nder centr! "t%orit4 Peop!e:#

committee# of province# nd citie# "nder centr! "t%orit4 #%!! be re#pon#ib!eB

1. $o eAerci#e tte dmini#trtion of re! e#tte b"#ine## ctivitie# 'it%in t%e !oc!itie# '%ic% t%e4 mnge.

2. $o permit, in ccordnce 'it% t%eir "t%orit4, inve#tment in nd ##ignment of re! e#tte b"#ine## pro8ect#.3. $o direct!4 inve#t, ##i#t inve#tment or imp!ement po!icie# enco"rging inve#tment in !oc! ne' "rbn one,

re#identi! one nd ind"#tri! one tec%nic! infr#tr"ct"re pro8ect#.

=. $o direct nd orgnie t%e i##"nce nd revoction of re! e#tte bro9er:# nd v!"er:# certificte# to

ppoint t%e "t%orit4 competent to i##"e re! e#tte bro9er:# nd v!"er:# certificte# pproprite for t%e

ct"! condition# 'it%in t%eir !oc!itie# nd to #imp!if4 proced"re# #o t%t t%e4 do not c"#e diffic"!tie# for

pp!icnt# for certificte#.

$o dmini#ter re! e#tte bro9erge nd v!"tion prctice#, mngement nd opertion of re! e#tte trding

f!oor# nd ot%er re! e#tte #ervice# 'it%in t%eir !oc!itie#.

5. $o di##eminte t%e !' on re! e#tte b"#ine## ctivitie#, nd to orgnie E /#pnF#4#tem on t%e re!e#tte mr9et 'it%in t%eir !oc!itie#.

>. $o cond"ct c%ec9# nd in#pection# nd to de! 'it% brec%e# of t%e !' d"ring re! e#tte b"#ine##

ctivitie#.

7. $o provide periodic! nd eAtrordinr4 report# to t%e ini#tr4 of Con#tr"ction on t%e #tt"# of re! e#tte

b"#ine## ctivitie# nd t%e dmini#trtion of re! e#tte b"#ine## ctivitie# 'it%in t%eir !oc!itie#.

Chapter V

IMPLEMENTING PROVISIONS

Article %. $rn#ition! provi#ion

1. n4 orgnition or individ"! '%o '# grnted b"#ine## regi#trtion certificte for re! e#tte b"#ine##or b"#ine## #ervice# prior to t%e dte on '%ic% t%i# Decree t9e# effect, #%!! be permitted to contin"e to

cond"ct b"#ine## 'it%o"t cond"cting proced"re# for re-regi#trtion. n4 orgnition or individ"! '%o %#

!red4 cond"cted b"#ine## regi#trtion for re! e#tte bro9erge ;or< v!"tion b"t doe# not %ve #"fficient

n"mber of peop!e 'it% ;re! e#tte bro9er:# or v!"er:#< certificte# #%!! be permitted to contin"e to cond"ct

b"#ine## b"t m"#t #"pp!ement t%e n"mber of peop!e 'it% #"c% certificte# in ccordnce 'it% ;t%e#e

Documents

Decree No. 153-2007-ND-CP of October 15- 2007