越南：住宅物业价格指数考察团技术援助报告（2024年4月22日至26日）（英）

Investment Rating - The report does not explicitly provide an investment rating for the residential property market in Vietnam Core Insights - The Government Statistics Office (GSO) is working on developing a Residential Property Price Index (RPPI) to assess developments and risks in the Vietnam property market, with the latest technical assistance mission conducted in April 2024 [8][19] - The GSO has faced challenges in data collection for the RPPI, including the discontinuation of surveys and web scraping due to data quality issues and legislative constraints [9][20] - Recent taxation developments, including electronic reporting of property transactions, may enhance the potential for using administrative data in RPPI compilation [10][27] Summary by Sections Summary of Mission Outcomes and Priority Recommendations - A technical assistance mission was conducted to assist the GSO in developing the RPPI, marking the fourth such mission [8] - The GSO is encouraged to collaborate with the General Department of Taxation (GDT) to secure timely access to property transaction data [11][29] - Priority recommendations include securing access to electronic records by December 2024 and assessing data quality by June 2025 [16] Detailed Technical Assessment and Recommendations - The report emphasizes the importance of administrative data for compiling a reliable RPPI, which has been challenging due to under-reporting and data collection methods [22][23] - The GSO is advised to assess the completeness of data and consider valuation banding to improve data quality [30] - The report outlines the need for a Construction Output Price Index (COPI) to complement the existing Construction Input Price Index (CIPI) [13][38] Residential Property Price Index - The GSO has previously attempted to collect data through surveys and web scraping, but these efforts faced significant challenges [24][26] - The report highlights the potential for improved data collection through recent legislative changes and electronic reporting of property transactions [27][28] - The GSO is encouraged to compare online asking prices against reported transaction prices to enhance the RPPI [32][34] Construction Price Index - The GSO aims to compile a COPI by the end of 2025, which will serve as an important indicator of inflationary pressures in the construction sector [37] - Discussions with key stakeholders, including the Ministry of Construction, are necessary to establish a broad methodological approach for the COPI [39][40] - The report recommends identifying weights for various construction activities to ensure a representative index [41]